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

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

TD has been the topic of several research reports. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, March 27th. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday.

Toronto Dominion Bank Stock Up 0.0%

Shares of NYSE TD opened at $111.92 on Wednesday. The firm has a market cap of $185.37 billion, a PE ratio of 12.37, a P/E/G ratio of 1.25 and a beta of 0.71. Toronto Dominion Bank has a 12-month low of $66.53 and a 12-month high of $112.32. The company’s fifty day simple moving average is $101.42 and its 200 day simple moving average is $95.03. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. Toronto Dominion Bank’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 earnings per share. As a group, sell-side analysts forecast that Toronto Dominion Bank will post 6.89 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th were issued a dividend of $1.08 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 3.9%. Toronto Dominion Bank’s dividend payout ratio is presently 34.36%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in Toronto Dominion Bank by 7.8% during the first quarter. Bank of America Corp DE now owns 4,967,545 shares of the bank’s stock worth $463,522,000 after buying an additional 358,412 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Toronto Dominion Bank by 25.9% during the first quarter. Arkadios Wealth Advisors now owns 4,038 shares of the bank’s stock worth $377,000 after buying an additional 831 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Toronto Dominion Bank by 67.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,026 shares of the bank’s stock worth $189,000 after buying an additional 818 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Toronto Dominion Bank during the first quarter worth $352,000. Finally, Quantinno Capital Management LP raised its holdings in Toronto Dominion Bank by 24.8% during the first quarter. Quantinno Capital Management LP now owns 162,606 shares of the bank’s stock worth $15,173,000 after buying an additional 32,283 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Company Profile

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.