Toronto-Dominion Bank (TSE:TD) Insider Sells C$4,457,571.78 in Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Paul Martyn Clark sold 27,649 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the completion of the sale, the insider owned 260 shares of the company’s stock, valued at approximately C$41,917.20. The trade was a 99.07% decrease in their position.

Toronto-Dominion Bank Stock Down 0.2%

TSE:TD traded down C$0.32 during trading hours on Monday, hitting C$163.69. 1,148,872 shares of the stock traded hands, compared to its average volume of 5,721,827. The Toronto-Dominion Bank has a 1 year low of C$96.23 and a 1 year high of C$165.67. The company has a market cap of C$270.42 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The stock has a 50 day moving average price of C$148.08 and a 200 day moving average price of C$135.47.

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

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were given a dividend of $1.08 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 2.6%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 50.00%.

Analyst Ratings Changes

Several research analysts have weighed in on TD shares. Canadian Imperial Bank of Commerce upped their price target on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. National Bank Financial raised their target price on shares of Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Desjardins boosted their price target on shares of Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. BMO Capital Markets raised their price objective on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Finally, Scotiabank lifted their target price on Toronto-Dominion Bank from C$150.00 to C$165.00 and gave the stock a “sector outperform” rating in a report on Monday, June 1st. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.