Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have been assigned an average rating of “Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $77.67.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 price target on shares of Toronto Dominion Bank in a report on Thursday, November 30th. Scotiabank reaffirmed a “buy” rating and set a $83.00 price target on shares of Toronto Dominion Bank in a report on Wednesday, November 22nd. Finally, Macquarie assumed coverage on shares of Toronto Dominion Bank in a report on Tuesday, October 24th. They set an “outperform” rating for the company.
A number of hedge funds have recently made changes to their positions in the business. Covenant Asset Management LLC grew its holdings in Toronto Dominion Bank by 6.8% during the 4th quarter. Covenant Asset Management LLC now owns 17,750 shares of the bank’s stock worth $1,040,000 after acquiring an additional 1,123 shares in the last quarter. Montrusco Bolton Investments Inc. grew its holdings in Toronto Dominion Bank by 20.8% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 3,025,188 shares of the bank’s stock worth $177,824,000 after acquiring an additional 520,777 shares in the last quarter. Boyd Watterson Asset Management LLC OH acquired a new position in Toronto Dominion Bank during the 4th quarter worth $206,000. LVM Capital Management Ltd. MI boosted its holdings in shares of Toronto Dominion Bank by 1.6% in the 4th quarter. LVM Capital Management Ltd. MI now owns 186,272 shares of the bank’s stock valued at $10,912,000 after buying an additional 3,010 shares during the period. Finally, Bogart Wealth LLC boosted its holdings in shares of Toronto Dominion Bank by 834.0% in the 4th quarter. Bogart Wealth LLC now owns 6,239 shares of the bank’s stock valued at $365,000 after buying an additional 5,571 shares during the period. 48.75% of the stock is owned by institutional investors.
Toronto Dominion Bank (NYSE TD) traded up $0.04 on Friday, reaching $58.86. 1,012,014 shares of the company were exchanged, compared to its average volume of 1,080,000. The firm has a market cap of $108,500.00, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 1.64 and a beta of 0.90. Toronto Dominion Bank has a 1-year low of $45.18 and a 1-year high of $60.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.93.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.466 per share. This represents a $1.86 annualized dividend and a yield of 3.17%. The ex-dividend date is Tuesday, January 9th. Toronto Dominion Bank’s dividend payout ratio is currently 42.60%.
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Toronto Dominion Bank Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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