Toronto Dominion Bank (The) (NYSE:TD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $93.00.

TD has been the subject of a number of research reports. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Natl Bk Canada raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Finally, National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its position in shares of Toronto Dominion Bank by 8.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock valued at $140,000 after acquiring an additional 118 shares during the period. Commons Capital LLC boosted its position in Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after purchasing an additional 134 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Toronto Dominion Bank by 4.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after purchasing an additional 134 shares during the period. Essex Financial Services Inc. increased its position in shares of Toronto Dominion Bank by 1.8% in the third quarter. Essex Financial Services Inc. now owns 7,834 shares of the bank’s stock valued at $626,000 after buying an additional 139 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in shares of Toronto Dominion Bank by 5.0% during the 3rd quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank’s stock worth $238,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Down 0.3%

Shares of NYSE:TD opened at $93.79 on Thursday. The business has a 50-day moving average price of $89.40 and a 200-day moving average price of $81.25. The stock has a market cap of $157.41 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.31 and a beta of 0.67. Toronto Dominion Bank has a 52-week low of $54.14 and a 52-week high of $96.44. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The company had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. Toronto Dominion Bank’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm posted $1.72 EPS. Equities analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be paid a $1.08 dividend. The ex-dividend date is Friday, January 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.6%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 37.37%.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.