Toronto-Dominion Bank (NYSE:TD) Upgraded by Jefferies Financial Group to “Buy” Rating

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

A number of other research firms have also recently weighed in on TD. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Royal Bank of Canada decreased their price target on 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. 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, StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Down 0.4 %

Shares of NYSE:TD 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 company’s 50-day moving average price is $56.29 and its 200 day moving average price is $57.55. The company has a market cap of $93.20 billion, a PE ratio of 15.35, a P/E/G ratio of 1.69 and a beta of 0.82. Toronto-Dominion Bank has a fifty-two week low of $51.74 and a fifty-two week high of $65.12.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a $0.7482 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend 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 is 87.03%.

Institutional Investors Weigh In On Toronto-Dominion Bank

Several hedge funds and other institutional investors have recently bought and sold shares of TD. CWM LLC boosted its holdings in Toronto-Dominion Bank by 2.4% during the third quarter. CWM LLC now owns 7,208 shares of the bank’s stock worth $456,000 after buying an additional 170 shares in the last quarter. Pathstone Holdings LLC grew its holdings in shares of Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after acquiring an additional 184 shares during the last quarter. Passumpsic Savings Bank raised its position in shares of 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 purchasing an additional 194 shares during the period. Balanced Rock Investment Advisors LLC lifted its holdings in shares of Toronto-Dominion Bank by 1.4% during the second quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock valued at $822,000 after purchasing an additional 203 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Toronto-Dominion Bank by 18.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after purchasing an additional 209 shares during the period. 52.37% of the stock is currently 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.