Key Points
- Insider sale: Kelvin Vi Luan Tran sold 2,800 TD shares at an average price of C$174.18, generating C$487,704. After the transaction, Tran retained 23,877 shares, a 10.5% reduction in the position.
- Financial performance and dividend: TD reported quarterly EPS of C$2.77 and revenue of C$16.93 billion, with a 14.36% net margin and 12.83% return on equity. The bank increased its quarterly dividend to C$1.12 per share, equivalent to a 2.6% annualized yield.
- Analyst outlook: Analysts collectively rate TD “Moderate Buy,” with seven Buy, three Hold, and one Sell rating. The average price target is C$171.08, while the stock recently opened at C$172.71.
The Toronto-Dominion Bank (TSE:TD - Get Free Report) (NYSE:TD) insider Kelvin Vi Luan Tran sold 2,800 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of C$174.18, for a total transaction of C$487,704.00. Following 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 Stock Down 0.8%
TD opened at C$172.71 on Wednesday. The Toronto-Dominion Bank has a 52 week low of C$107.60 and a 52 week high of C$175.33. The business has a 50 day moving average price of C$168.66 and a two-hundred day moving average price of C$156.05. The company has a market cap of C$282.99 billion, a PE ratio of 18.49, a P/E/G ratio of 1.22 and a beta of 0.81.
Toronto-Dominion Bank (TSE:TD - Get Free Report) (NYSE:TD) last released its earnings results on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. The company had revenue of C$16.93 billion during the quarter. As a group, sell-side analysts expect that The Toronto-Dominion Bank will post 7.2160149 EPS 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 paid a dividend of $1.12 per share. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.6%. Toronto-Dominion Bank's dividend payout ratio is currently 46.36%.
Wall Street Analyst Weigh In
TD has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce boosted their price objective on shares of Toronto-Dominion Bank from C$184.00 to C$188.00 and gave the stock a "neutral" rating in a report on Thursday, September 3rd. Canaccord Genuity Group dropped their target price on shares of Toronto-Dominion Bank from C$197.00 to C$196.00 in a report on Thursday, September 3rd. Jefferies Financial Group lifted their price target on shares of Toronto-Dominion Bank from C$164.00 to C$165.00 in a research report on Thursday, September 3rd. Royal Bank Of Canada boosted their price target on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an "outperform" rating in a research note on Friday, August 28th. Finally, Desjardins set a C$183.00 price target on Toronto-Dominion Bank and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$171.08.
View Our Latest Analysis on Toronto-Dominion Bank
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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