Toronto-Dominion Bank (NYSE:TD) Downgraded by Desjardins to "Hold"

Desjardins lowered shares of Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD from a buy rating to a hold rating in a research note released on Friday, Marketbeat reports. Desjardins also issued estimates for Toronto-Dominion Bank's Q4 2025 earnings at $1.45 EPS, FY2025 earnings at $5.54 EPS and FY2026 earnings at $5.93 EPS.

Several other research analysts also recently issued reports on TD. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Thursday, August 22nd. National Bank Financial upgraded shares of Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a research report on Thursday, August 22nd. Royal Bank of Canada lowered Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating in a research note on Friday, October 11th. Scotiabank downgraded Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday. Finally, Barclays downgraded shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank presently has an average rating of "Hold" and an average price target of $80.50.

Get Our Latest Analysis on TD

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD traded down $0.84 during midday trading on Friday, hitting $51.96. The stock had a trading volume of 5,095,462 shares, compared to its average volume of 1,738,995. The company's 50-day moving average price is $57.53 and its 200-day moving average price is $57.67. The company has a market capitalization of $90.94 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.86 and a beta of 0.82. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. 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. Shareholders of record on Friday, January 10th will be given a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a yield of 5.76%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank's dividend payout ratio is presently 87.03%.

Institutional Trading of Toronto-Dominion Bank

A number of institutional investors and hedge funds have recently modified their holdings of TD. CWM LLC boosted its stake in Toronto-Dominion Bank by 2.4% in the third quarter. CWM LLC now owns 7,208 shares of the bank's stock valued at $456,000 after acquiring an additional 170 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank's stock worth $1,411,000 after purchasing an additional 184 shares during the last quarter. Passumpsic Savings Bank raised its holdings in shares of 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 during the period. Balanced Rock Investment Advisors LLC lifted its stake in Toronto-Dominion Bank by 1.4% in 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 grew its holdings in Toronto-Dominion Bank by 18.5% during the third 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 owned by hedge funds and other institutional investors.

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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