The Toronto-Dominion Bank (TSE:TD - Get Free Report) (NYSE:TD) insider Paul Martyn Clark sold 27,649 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the sale, the insider directly owned 260 shares of the company's stock, valued at approximately C$41,917.20. This represents a 99.07% decrease in their position.
Toronto-Dominion Bank Stock Up 0.2%
Shares of TSE:TD opened at C$164.27 on Tuesday. The Toronto-Dominion Bank has a fifty-two week low of C$96.23 and a fifty-two week high of C$165.67. The firm has a 50-day simple moving average of C$148.72 and a 200 day simple moving average of C$135.81. The company has a market cap of C$271.38 billion, a PE ratio of 19.28, a P/E/G ratio of 1.22 and a beta of 0.92.
Toronto-Dominion Bank (TSE:TD - Get Free Report) (NYSE:TD) last posted its earnings results 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%. As a group, research analysts forecast that The Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.
Toronto-Dominion Bank Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto-Dominion Bank's payout ratio is presently 50.00%.
Analysts Set New Price Targets
A number of research firms have issued reports on TD. Royal Bank Of Canada reduced their target price on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an "outperform" rating for the company in a research note on Wednesday, March 25th. National Bank Financial boosted 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. BMO Capital Markets boosted their target price 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. Canadian Imperial Bank of Commerce boosted their target price on shares of Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the company a "neutral" rating in a research note on Friday, May 29th. Finally, Canaccord Genuity Group set a C$169.00 target price on shares of Toronto-Dominion Bank and gave the company a "buy" rating in a research note on Friday, June 5th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$149.75.
Read Our Latest Stock Report on TD
About Toronto-Dominion Bank
(
Get Free Report)
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.
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