Kelvin Vi Luan Tran Sells 2,800 Shares of Toronto-Dominion Bank (TSE:TD) Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Kelvin Vi Luan Tran sold 2,800 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of C$174.18, for a total transaction of C$487,704.00. Following the completion of the sale, the insider owned 23,877 shares of the company’s stock, valued at approximately C$4,158,895.86. This represents a 10.50% decrease in their position.

Toronto-Dominion Bank Trading Down 0.6%

Shares of TD traded down C$1.06 during mid-day trading on Tuesday, hitting C$173.04. The company’s stock had a trading volume of 1,148,709 shares, compared to its average volume of 5,410,627. The company’s 50-day moving average is C$168.66 and its 200-day moving average is C$155.78. The Toronto-Dominion Bank has a 52-week low of C$107.60 and a 52-week high of C$175.33. The firm has a market capitalization of C$283.53 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.22 and a beta of 0.81.

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

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, July 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. Toronto-Dominion Bank’s dividend payout ratio is presently 46.36%.

Analysts Set New Price Targets

A number of brokerages have commented on TD. Jefferies Financial Group boosted their target price on shares of Toronto-Dominion Bank from C$164.00 to C$165.00 in a report on Thursday, September 3rd. Royal Bank Of Canada lifted their price target on shares of Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. National Bank Financial increased their price objective on Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the company an “outperform” rating in a report on Sunday, August 30th. Keefe, Bruyette & Woods raised their price objective on Toronto-Dominion Bank from C$180.00 to C$187.00 in a research report on Monday, August 31st. Finally, Scotiabank upped their target price on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the company a “sector outperform” rating in a research report on Friday, August 28th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has a consensus 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.