Keefe, Bruyette & Woods Reiterates C$180.00 Price Target for Toronto-Dominion Bank (TSE:TD)

Keefe, Bruyette & Woods set a C$180.00 price target on Toronto-Dominion Bank (TSE:TD) (NYSE:TD) in a report published on Friday,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

A number of other equities analysts have also commented on TD. Canadian Imperial Bank of Commerce lifted their price objective on Toronto-Dominion Bank from C$164.00 to C$184.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Desjardins raised their price target on Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Barclays raised their price target on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a report on Friday, May 29th. National Bank Financial increased their price target on shares of Toronto-Dominion Bank from C$162.00 to C$190.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Finally, Raymond James Financial upped their target price on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of C$164.15.

Toronto-Dominion Bank Stock Down 0.1%

TD opened at C$161.24 on Friday. Toronto-Dominion Bank has a 12 month low of C$100.01 and a 12 month high of C$175.33. The company has a fifty day simple moving average of C$169.43 and a 200 day simple moving average of C$150.46. The stock has a market cap of C$266.38 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. The business had revenue of C$16.04 billion for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%. On average, equities research analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $4.48 annualized dividend and a yield of 2.8%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. Toronto-Dominion Bank’s dividend payout ratio is currently 50.00%.

Insider Activity at Toronto-Dominion Bank

In related news, insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the completion of the transaction, the insider owned 260 shares in the company, valued at approximately C$41,917.20. The trade was a 99.07% decrease in their ownership of the stock. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of Toronto-Dominion Bank stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the sale, the insider owned 26,677 shares in the company, valued at C$4,177,884.97. This represents a 24.16% decrease in their ownership of the stock. 0.08% of the stock is currently owned by company insiders.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.