StockNews.com upgraded shares of Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) from a sell rating to a hold rating in a research report report published on Monday.
Several other brokerages have also recently commented on TD. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada cut their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday. 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, Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $80.50.
Read Our Latest Stock Analysis on TD
Toronto-Dominion Bank Stock Performance
Toronto-Dominion Bank Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 87.03%.
Institutional Trading of Toronto-Dominion Bank
A number of hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Toronto-Dominion Bank during the 3rd quarter worth about $247,000. World Investment Advisors LLC acquired a new stake in Toronto-Dominion Bank in the 3rd quarter worth about $265,000. Tudor Financial Inc. acquired a new stake in Toronto-Dominion Bank in the 3rd quarter worth about $268,000. Passumpsic Savings Bank raised its stake in Toronto-Dominion Bank by 2.6% in the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock worth $476,000 after purchasing an additional 194 shares in the last quarter. Finally, Main Line Retirement Advisors LLC raised its stake in Toronto-Dominion Bank by 1.3% in the 3rd quarter. Main Line Retirement Advisors LLC now owns 24,180 shares of the bank’s stock worth $1,530,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.
About Toronto-Dominion Bank
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.
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