Insider Selling: Toronto-Dominion Bank (TD) Insider Sells 374,400 Shares of Stock
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Robert E. Dorrance sold 374,400 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$73.69, for a total value of C$27,589,536.00.
Shares of Toronto-Dominion Bank (TSE TD) traded down C$0.02 during midday trading on Thursday, hitting C$72.41. 3,570,387 shares of the stock were exchanged, compared to its average volume of 3,625,491. Toronto-Dominion Bank has a 1 year low of C$61.50 and a 1 year high of C$75.09.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be given a $0.60 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.31%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 42.81%.
A number of equities research analysts have recently weighed in on the company. National Bank Financial lifted their price target on Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the company an “outperform” rating in a report on Friday, December 1st. BMO Capital Markets lifted their price objective on shares of Toronto-Dominion Bank from C$74.00 to C$76.00 in a research report on Friday, December 1st. CIBC lifted their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$79.00 in a research report on Monday, November 13th. Scotiabank lifted their target price on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of Toronto-Dominion Bank from C$70.00 to C$72.00 and gave the stock a “sector perform” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$75.31.
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About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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