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

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

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded down C$0.12 during trading on Friday, hitting C$157.91. The company’s stock had a trading volume of 1,439,826 shares, compared to its average volume of 5,851,032. The company has a fifty day simple moving average of C$144.31 and a two-hundred day simple moving average of C$133.55. The company has a market capitalization of C$263.52 billion, a PE ratio of 18.53, a P/E/G ratio of 1.22 and a beta of 0.92. The Toronto-Dominion Bank has a 52 week low of C$95.52 and a 52 week high of C$159.14.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 13.24% and a return on equity of 11.85%. The company had revenue of C$16.04 billion during the quarter. As a group, analysts predict that The Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed 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. This represents a $4.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is 50.00%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TD. Canaccord Genuity Group set a C$169.00 price objective on shares of Toronto-Dominion Bank and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets increased their price objective on shares of 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. Canadian Imperial Bank of Commerce increased their price objective on shares of Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Royal Bank Of Canada cut their price objective on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Finally, Scotiabank increased their price objective on shares of Toronto-Dominion Bank from C$150.00 to C$165.00 and gave the company a “sector outperform” rating in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Moderate Buy” and a consensus 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.