Toronto-Dominion Bank (NYSE:TD) Cut to “Hold” at Jefferies Financial Group

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Finviz reports.

Other equities research analysts have also issued reports about the stock. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Royal Bank of Canada lowered their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. StockNews.com raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Trading Up 0.1 %

Shares of Toronto-Dominion Bank stock traded up $0.05 during mid-day trading on Tuesday, hitting $59.80. The stock had a trading volume of 298,789 shares, compared to its average volume of 2,780,290. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm has a market cap of $104.68 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The firm has a 50-day moving average of $55.50 and a two-hundred day moving average of $57.45. Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91.

Institutional Investors Weigh In On Toronto-Dominion Bank

Large investors have recently made changes to their positions in the business. Creative Planning boosted its stake in Toronto-Dominion Bank by 9.8% during the 3rd quarter. Creative Planning now owns 144,251 shares of the bank’s stock valued at $9,125,000 after acquiring an additional 12,879 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Toronto-Dominion Bank by 5.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,381 shares of the bank’s stock valued at $530,000 after acquiring an additional 415 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Toronto-Dominion Bank by 2.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,679 shares of the bank’s stock valued at $1,435,000 after acquiring an additional 610 shares during the last quarter. Blue Trust Inc. boosted its stake in Toronto-Dominion Bank by 334.4% during the 3rd quarter. Blue Trust Inc. now owns 2,737 shares of the bank’s stock valued at $173,000 after acquiring an additional 2,107 shares during the last quarter. Finally, Wealth Effects LLC bought a new position in Toronto-Dominion Bank during the 3rd quarter valued at $206,000. 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.