Toronto Dominion Bank (NYSE:TD) Lowered to Sell Rating by Wall Street Zen

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

Several other research analysts have also recently weighed in on the company. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $94.25 on Friday. Toronto Dominion Bank has a 52 week low of $53.03 and a 52 week high of $96.44. The company has a market capitalization of $159.23 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.31 and a beta of 0.67. The company has a 50-day simple moving average of $87.84 and a 200 day simple moving average of $80.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. The firm had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business posted $1.72 earnings per share. On average, sell-side analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, January 9th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio is currently 35.82%.

Institutional Trading of Toronto Dominion Bank

Several large investors have recently bought and sold shares of TD. Silverlake Wealth Management LLC lifted its holdings in shares of Toronto Dominion Bank by 2.4% in the fourth quarter. Silverlake Wealth Management LLC now owns 11,389 shares of the bank’s stock worth $1,073,000 after acquiring an additional 263 shares during the last quarter. Inspirion Wealth Advisors LLC bought a new stake in shares of Toronto Dominion Bank during the 4th quarter valued at approximately $236,000. Wealth Enhancement Advisory Services LLC increased its position in Toronto Dominion Bank by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,423 shares of the bank’s stock worth $2,311,000 after purchasing an additional 203 shares in the last quarter. Value Partners Investments Inc. lifted its stake in Toronto Dominion Bank by 1.1% in the 4th quarter. Value Partners Investments Inc. now owns 49,288 shares of the bank’s stock valued at $4,652,000 after purchasing an additional 531 shares during the last quarter. Finally, Procyon Advisors LLC acquired a new stake in Toronto Dominion Bank in the fourth quarter valued at approximately $237,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.