Brokerages Set The Toronto-Dominion Bank (NYSE:TD) PT at $80.50

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $80.50.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Finally, Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th.

Institutional Investors Weigh In On Toronto-Dominion Bank

Institutional investors and hedge funds have recently modified their holdings of the company. Dunhill Financial LLC raised its holdings in shares of Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares during the period. Lee Danner & Bass Inc. acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at about $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at about $32,000. CoreCap Advisors LLC grew its stake in Toronto-Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after buying an additional 230 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after buying an additional 200 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Price Performance

Shares of TD stock opened at $59.50 on Friday. The firm has a market capitalization of $104.25 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The firm has a fifty day moving average of $58.46 and a 200-day moving average of $57.62.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.89%. Toronto-Dominion Bank’s payout ratio is 85.29%.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.