Image may be NSFW.
Clik here to view.
Dundee Securities initiated coverage on shares of The Toronto-Dominion Bank (NYSE:TD) in a note issued to investors on Wednesday. The brokerage set a buy rating on the stock.
Several other equities analysts have also issued reports on the stock. Barclays PLC reaffirmed an underweight rating and issued a $55.00 price target (up from $51.00) on shares of The Toronto-Dominion Bank in a report on Sunday, August 21st. BMO Capital Markets reiterated a buy rating on shares of The Toronto-Dominion Bank in a research note on Wednesday, July 6th. Bank of America Corp. reiterated a buy rating on shares of The Toronto-Dominion Bank in a research note on Tuesday, July 12th. Citigroup Inc. lifted their price objective on shares of The Toronto-Dominion Bank from $65.00 to $67.00 and gave the stock a buy rating in a research note on Wednesday, September 14th. Finally, CIBC downgraded shares of The Toronto-Dominion Bank from a sector outperform rating to a sector perform rating in a research note on Friday, August 26th.
One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The Toronto-Dominion Bank has an average rating of Buy and an average target price of $56.88.
Image may be NSFW.
Clik here to view.
Shares of The Toronto-Dominion Bank (NYSE:TD1) opened at 43.61 on Wednesday. The Toronto-Dominion Bank has a 52 week low of $33.49 and a 52 week high of $45.98. The firm has a 50-day moving average price of $44.10 and a 200-day moving average price of $43.43. The stock has a market cap of $80.89 billion, a price-to-earnings ratio of 12.96 and a beta of 0.98. The Toronto-Dominion Bank (NYSE:TD) last released its quarterly earnings results on Thursday, August 25th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters consensus estimate of $1.21 by $0.06.
The Toronto-Dominion Bank had a net margin of 21.02% and a return on equity of 13.56%. The business had revenue of $8.70 billion for the quarter. During the same period in the prior year, the firm posted $1.20 earnings per share. The Toronto-Dominion Bank s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that The Toronto-Dominion Bank will post $3.68 earnings per share for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 7th will be given a $0.4249 dividend.
The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.90%. This is an increase from The Toronto-Dominion Bank s previous quarterly dividend of $0.42. The Toronto-Dominion Bank s dividend payout ratio is 50.45%. Hedge funds and other institutional investors have recently modified their holdings of the company. Williams Jones & Associates LLC increased its position in shares of The Toronto-Dominion Bank by 229.3% in the second quarter. Williams Jones & Associates LLC now owns 33,260 shares of the company s stock worth $1,428,000 after buying an additional 23,160 shares during the period.
Northwestern Mutual Wealth Management Co. increased its position in shares of The Toronto-Dominion Bank by 27.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 47,448 shares of the company s stock worth $2,037,000 after buying an additional 10,109 shares during the period. IFP Advisors Inc increased its position in shares of The Toronto-Dominion Bank by 15.5% in the second quarter. IFP Advisors Inc now owns 8,370 shares of the company s stock worth $359,000 after buying an additional 1,123 shares during the period. Blue Chip Partners Inc. increased its position in shares of The Toronto-Dominion Bank by 11.9% in the second quarter. Blue Chip Partners Inc.
now owns 68,956 shares of the company s stock worth $2,954,000 after buying an additional 7,345 shares during the period. Finally, Security National Bank of Sioux City Iowa IA increased its position in shares of The Toronto-Dominion Bank by 5.4% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 18,445 shares of the company s stock worth $792,000 after buying an additional 940 shares during the period. Institutional investors and hedge funds own 51.77% of the company s stock.
The Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.
Image may be NSFW.
Clik here to view.
Receive News & Ratings for The Toronto-Dominion Bank Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The Toronto-Dominion Bank and related companies with our FREE daily email newsletter2.
References
- ^ NYSE:TD (www.marketbeat.com)
- ^ our FREE daily email newsletter (baseballnewssource.com)