Toronto-Dominion Bank (TSE:TD) Insider Sells 8,000 Shares

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Kelvin Vi Luan Tran sold 8,000 shares of Toronto-Dominion Bank stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of C$172.92, for a total transaction of C$1,383,360.00. Following the completion of the transaction, the insider directly owned 23,877 shares of the company’s stock, valued at C$4,128,810.84. The trade was a 25.10% decrease in their position.

Kelvin Vi Luan Tran also recently made the following trade(s):

• On Monday, September 21st, Kelvin Vi Luan Tran sold 2,800 shares of Toronto-Dominion Bank stock. The stock was sold at an average price of C$174.18, for a total transaction of C$487,704.00.

Toronto-Dominion Bank Stock Up 0.3%

Shares of TD stock traded up C$0.51 during mid-day trading on Thursday, hitting C$169.00. 986,523 shares of the stock were exchanged, compared to its average volume of 5,399,903. The firm has a fifty day moving average of C$168.52 and a 200 day moving average of C$156.30. The Toronto-Dominion Bank has a 52-week low of C$107.60 and a 52-week high of C$175.33. The company has a market cap of C$276.91 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, August 27th. The company reported C$2.77 earnings per share for the quarter. The firm had revenue of C$16.93 billion during the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%. Equities analysts predict that The Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were issued a $1.12 dividend. The ex-dividend date of this dividend was Friday, July 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 2.7%. Toronto-Dominion Bank’s dividend payout ratio is 46.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TD. Canaccord Genuity Group reduced their target price on Toronto-Dominion Bank from C$197.00 to C$196.00 in a research note on Thursday, September 3rd. Canadian Imperial Bank of Commerce boosted their price target on shares of Toronto-Dominion Bank from C$184.00 to C$188.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Royal Bank Of Canada upped their price objective on shares of Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. National Bank Financial upped their price objective on shares of Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the stock an “outperform” rating in a research report on Sunday, August 30th. Finally, Scotiabank increased their price objective on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the company a “sector outperform” rating in a report on Friday, August 28th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of C$171.08.

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.