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

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

Toronto-Dominion Bank Stock Down 0.2%

Shares of TSE TD opened at C$157.74 on Friday. The Toronto-Dominion Bank has a 52 week low of C$95.52 and a 52 week high of C$159.14. The firm has a 50-day moving average price of C$144.86 and a 200 day moving average price of C$133.72. The stock has a market capitalization of C$260.59 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.

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

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were paid a $1.08 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 2.7%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 50.00%.

Analysts Set New Price Targets

Several brokerages recently commented on TD. National Bank Financial raised their price objective 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. BMO Capital Markets raised 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 note on Friday, February 27th. Scotiabank lifted their target price on shares of Toronto-Dominion Bank from C$150.00 to C$165.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 1st. Desjardins lifted their target price on shares of Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Barclays lifted their target price on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a research report on Friday, May 29th. Seven equities research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$149.75.

About Toronto-Dominion Bank

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.