Toronto Dominion Bank (NYSE:TD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Toronto Dominion Bank (NYSE:TD) (TSE:TD) from a sell rating to a hold rating in a report published on Saturday morning.

A number of other research analysts also recently weighed in on TD. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.00.

Toronto Dominion Bank Trading Up 0.2%

Toronto Dominion Bank stock opened at $81.48 on Friday. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $82.93. The business’s fifty day moving average is $79.91 and its 200 day moving average is $74.38. The stock has a market capitalization of $138.22 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.Toronto Dominion Bank’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 EPS. On average, sell-side analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s payout ratio is presently 35.16%.

Hedge Funds Weigh In On Toronto Dominion Bank

A number of institutional investors have recently bought and sold shares of TD. NewEdge Advisors LLC raised its stake in shares of Toronto Dominion Bank by 3.1% in the third quarter. NewEdge Advisors LLC now owns 8,286 shares of the bank’s stock worth $663,000 after buying an additional 247 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Toronto Dominion Bank by 1.2% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 921,010 shares of the bank’s stock worth $73,410,000 after acquiring an additional 11,082 shares in the last quarter. Triumph Capital Management bought a new stake in Toronto Dominion Bank during the 3rd quarter worth approximately $72,000. Zurich Insurance Group Ltd FI bought a new stake in Toronto Dominion Bank during the 3rd quarter worth approximately $27,130,000. Finally, United Capital Financial Advisors LLC lifted its holdings in Toronto Dominion Bank by 4.7% during the third quarter. United Capital Financial Advisors LLC now owns 4,416 shares of the bank’s stock valued at $353,000 after purchasing an additional 197 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Company Profile

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.