Several other equities analysts have also recently weighed in on TD. CIBC cut Toronto-Dominion Bank from an outperform rating to a neutral rating in a research note on Monday, April 11th. Zacks Investment Research upgraded Toronto-Dominion Bank from a hold rating to a buy rating and set a $79.00 price objective on the stock in a research note on Friday, April 29th. National Bank Financial cut Toronto-Dominion Bank from an outperform rating to a sector perform rating in a research note on Monday, March 7th. Credit Suisse Group restated a neutral rating on shares of Toronto-Dominion Bank in a research note on Friday. Finally, Stifel Nicolaus dropped their price objective on Toronto-Dominion Bank from C$105.00 to C$104.00 in a research note on Friday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $99.84.
Shares of TD opened at $73.00 on Friday. Toronto-Dominion Bank has a 12-month low of $62.81 and a 12-month high of $86.01. The business’s fifty day moving average is $75.73 and its 200 day moving average is $77.12. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock has a market cap of $131.80 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.55 and a beta of 0.96.
The firm also recently announced a quarterly dividend, which was paid on Saturday, April 30th. Stockholders of record on Friday, April 8th were given a dividend of $0.702 per share. The ex-dividend date of this dividend was Thursday, April 7th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. This represents a $2.81 annualized dividend and a dividend yield of 3.85%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 44.81%.
Several institutional investors have recently made changes to their positions in TD. Advisory Services Network LLC increased its holdings in Toronto-Dominion Bank by 154.3% in the 1st quarter. Advisory Services Network LLC now owns 10,665 shares of the bank’s stock worth $847,000 after acquiring an additional 6,471 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in Toronto-Dominion Bank by 11.1% in the 1st quarter. Neuberger Berman Group LLC now owns 519,781 shares of the bank’s stock worth $41,705,000 after acquiring an additional 51,934 shares during the last quarter. Quilter Plc increased its holdings in Toronto-Dominion Bank by 32.8% in the 1st quarter. Quilter Plc now owns 18,420 shares of the bank’s stock worth $1,461,000 after acquiring an additional 4,550 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in Toronto-Dominion Bank by 4.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 4,537 shares of the bank’s stock valued at $326,000 after buying an additional 206 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in Toronto-Dominion Bank by 2.2% during the 1st quarter. Capital Research Global Investors now owns 51,102,667 shares of the bank’s stock valued at $4,054,640,000 after buying an additional 1,080,177 shares in the last quarter. 50.00% of the stock is owned by hedge funds and other institutional investors.
Toronto-Dominion Bank Company Profile (Get Rating)
The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.
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