Mark Russell Chauvin Sells 42,576 Shares of The Toronto-Dominion Bank (TSE:TD) Stock

The Toronto-Dominion Bank (TSE:TDGet Rating) (NYSE:TD) Director Mark Russell Chauvin sold 42,576 shares of the firm’s stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of C$88.45, for a total transaction of C$3,765,847.20. Following the completion of the sale, the director now owns 185,780 shares in the company, valued at approximately C$16,432,241.

Toronto-Dominion Bank Trading Up 1.0 %

TD opened at C$89.95 on Wednesday. The Toronto-Dominion Bank has a 1-year low of C$77.27 and a 1-year high of C$109.08. The company has a market cap of C$163.77 billion and a P/E ratio of 9.50. The company has a fifty day moving average price of C$88.73 and a two-hundred day moving average price of C$86.28.

Toronto-Dominion Bank (TSE:TDGet Rating) (NYSE:TD) last posted its quarterly earnings results on Thursday, December 1st. The company reported C$2.18 earnings per share for the quarter, beating the consensus estimate of C$2.01 by C$0.17. The company had revenue of C$15.56 billion during the quarter. On average, research analysts forecast that The Toronto-Dominion Bank will post 9.6099988 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid a $0.96 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.89. This represents a $3.84 annualized dividend and a yield of 4.27%. The ex-dividend date is Thursday, January 5th. Toronto-Dominion Bank’s payout ratio is 37.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TD shares. Royal Bank of Canada lifted their price target on shares of Toronto-Dominion Bank from C$106.00 to C$113.00 and gave the stock an “outperform” rating in a report on Friday, December 2nd. Canaccord Genuity Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$95.00 to C$103.00 in a report on Friday, December 2nd. BMO Capital Markets lifted their price target on shares of Toronto-Dominion Bank from C$95.00 to C$98.00 in a report on Friday, December 2nd. Fundamental Research reiterated a “buy” rating and set a C$106.42 price target on shares of Toronto-Dominion Bank in a report on Tuesday, December 13th. Finally, CSFB lifted their price target on shares of Toronto-Dominion Bank from C$95.00 to C$96.00 in a report on Tuesday, November 22nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of C$100.21.

About Toronto-Dominion Bank

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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