Toronto-Dominion Bank (NYSE:TD) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) from a hold rating to a buy rating in a report issued on Thursday, MarketBeat Ratings reports.

Other research analysts have also issued reports about the company. Royal Bank of Canada cut their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Finally, Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $53.25 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $93.20 billion, a P/E ratio of 15.35, a PEG ratio of 1.69 and a beta of 0.82. The firm has a fifty day moving average of $56.29 and a 200-day moving average of $57.55. Toronto-Dominion Bank has a 52-week low of $51.74 and a 52-week high of $65.12.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a dividend of $0.7482 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 5.62%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 87.03%.

Institutional Trading of Toronto-Dominion Bank

Several institutional investors and hedge funds have recently bought and sold shares of TD. Wilmington Savings Fund Society FSB bought a new stake in Toronto-Dominion Bank during the third quarter valued at $247,000. World Investment Advisors LLC acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at about $265,000. Tudor Financial Inc. bought a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $268,000. Passumpsic Savings Bank raised its stake in Toronto-Dominion Bank by 2.6% during the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock worth $476,000 after acquiring an additional 194 shares during the period. Finally, Main Line Retirement Advisors LLC lifted its holdings in Toronto-Dominion Bank by 1.3% in the third quarter. Main Line Retirement Advisors LLC now owns 24,180 shares of the bank’s stock worth $1,530,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

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.