Toronto Dominion Bank (The) (NYSE:TD) Stock Has Average Target Price of $148.00

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have received a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $148.00.

Several analysts have commented on TD shares. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, September 28th. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Keefe, Bruyette & Woods initiated coverage on Toronto Dominion Bank in a research report on Friday, August 21st. They set a “market perform” rating on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Financial Management LLC increased its holdings in Toronto Dominion Bank by 77.2% in the second quarter. Cornerstone Financial Management LLC now owns 218 shares of the bank’s stock valued at $26,000 after buying an additional 95 shares during the last quarter. Main Line Retirement Advisors LLC lifted its holdings in Toronto Dominion Bank by 0.8% during the 1st quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank’s stock worth $1,143,000 after buying an additional 102 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Toronto Dominion Bank by 1.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 5,735 shares of the bank’s stock worth $535,000 after buying an additional 102 shares during the last quarter. Aspiriant LLC lifted its holdings in Toronto Dominion Bank by 2.4% during the 3rd quarter. Aspiriant LLC now owns 4,343 shares of the bank’s stock worth $510,000 after buying an additional 103 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of Toronto Dominion Bank by 1.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 7,194 shares of the bank’s stock worth $671,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Down 0.2%

NYSE:TD opened at $120.11 on Friday. The company has a 50-day moving average price of $119.88 and a 200-day moving average price of $115.45. Toronto Dominion Bank has a 12 month low of $78.99 and a 12 month high of $125.46. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The stock has a market cap of $197.56 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 1.20 and a beta of 0.75.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.24. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. The firm had revenue of $12.07 billion for the quarter, compared to analyst estimates of $10.70 billion. During the same quarter in the previous year, the firm posted $2.20 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts predict that Toronto Dominion Bank will post 7.04 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be given a C$1.12 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio is currently 46.81%.

About Toronto Dominion Bank

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The institution traces its history to the Bank of Toronto, founded in 1855, and the Dominion Bank, founded in 1869; the two banks merged in 1955 to form Toronto-Dominion Bank.

TD provides a broad range of banking and financial services through its Canadian and U.S. operations. Its offerings include personal and business deposit accounts, mortgages, consumer and commercial lending, credit cards, investment products, insurance, wealth management and financial advice.