Kelvin Vi Luan Tran Sells 8,498 Shares of Toronto-Dominion Bank (TSE:TD) Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Kelvin Vi Luan Tran sold 8,498 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the completion of the sale, the insider owned 26,677 shares in the company, valued at approximately C$4,177,884.97. This represents a 24.16% decrease in their position.

Toronto-Dominion Bank Price Performance

TD opened at C$157.74 on Friday. The stock has a market cap of C$260.59 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.22 and a beta of 0.92. The stock’s 50 day simple moving average is C$144.86 and its 200 day simple moving average is C$133.72. The Toronto-Dominion Bank has a 1-year low of C$95.52 and a 1-year high of C$159.14.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share 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%. Research analysts expect that The Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is 50.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TD shares. Jefferies Financial Group increased their target price on Toronto-Dominion Bank from C$134.00 to C$142.00 in a report on Wednesday, May 20th. Barclays increased their target price on 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. Raymond James Financial increased their target price on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Scotiabank increased their target price on Toronto-Dominion Bank from C$150.00 to C$165.00 and gave the company a “sector outperform” rating in a report on Monday, June 1st. Finally, BMO Capital Markets increased their target price on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$149.75.

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.