Zacks Investment Research cut shares of Toronto Dominion Bank (NYSE:TD) (TSE:TD) from a buy rating to a hold rating in a research note issued to investors on Saturday.
According to Zacks, “Toronto Dominion Bank is a Canadian chartered bank and offers a wide range of business and consumer services. These services include checking and savings accounts, credit cards, mortgage and student loans,trusts, wills, estate planning,investment management services and financial and advisory services. “
Other research analysts also recently issued reports about the stock. Canaccord Genuity reissued a buy rating and issued a $80.00 target price on shares of Toronto Dominion Bank in a research report on Thursday, November 30th. Bank of America lifted their target price on shares of Toronto Dominion Bank from $71.00 to $87.00 and gave the stock a buy rating in a research report on Tuesday, January 30th. Macquarie began coverage on shares of Toronto Dominion Bank in a research report on Tuesday, October 24th. They issued an outperform rating on the stock. Scotiabank reissued a buy rating and issued a $83.00 target price on shares of Toronto Dominion Bank in a research report on Wednesday, November 22nd. Finally, CIBC raised shares of Toronto Dominion Bank from a neutral rating to an outperform rating in a research report on Thursday, February 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $77.60.
Toronto Dominion Bank (TD) opened at $56.60 on Friday. The firm has a market cap of $104,490.00, a P/E ratio of 12.95, a PEG ratio of 1.24 and a beta of 0.93. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. Toronto Dominion Bank has a 1 year low of $45.18 and a 1 year high of $61.06.
Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, November 30th. The bank reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.02). The firm had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.13 billion. Toronto Dominion Bank had a return on equity of 15.17% and a net margin of 23.09%. research analysts predict that Toronto Dominion Bank will post 4.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were given a dividend of $0.466 per share. This represents a $1.86 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, January 9th. Toronto Dominion Bank’s payout ratio is presently 44.62%.
A number of institutional investors and hedge funds have recently made changes to their positions in TD. Advisory Services Network LLC grew its position in Toronto Dominion Bank by 26.1% during the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after purchasing an additional 487 shares in the last quarter. Teachers Advisors LLC grew its position in Toronto Dominion Bank by 3.7% during the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after purchasing an additional 92 shares in the last quarter. Calton & Associates Inc. purchased a new position in Toronto Dominion Bank during the fourth quarter valued at approximately $141,000. Beacon Investment Advisory Services Inc. purchased a new position in Toronto Dominion Bank during the third quarter valued at approximately $203,000. Finally, Buckingham Asset Management LLC purchased a new position in Toronto Dominion Bank during the fourth quarter valued at approximately $204,000. 48.93% of the stock is currently owned by hedge funds and other institutional investors.
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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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