Key Points
- TD insider Kelvin Vi Luan Tran sold 8,000 shares at an average price of C$172.92, generating C$1.38 million and reducing his position by 25.1%. He also sold 2,800 shares worth C$487,704 the previous day.
- Toronto-Dominion Bank reported quarterly EPS of C$2.77 and revenue of C$16.93 billion, while increasing its quarterly dividend to $1.12 per share, equivalent to a 2.7% yield.
- Analysts maintain a “Moderate Buy” consensus with an average price target of C$171.08; TD shares opened at C$168.66 and have traded between C$107.60 and C$175.33 over the past year.
The Toronto-Dominion Bank (TSE:TD - Get Free Report) (NYSE:TD) insider Kelvin Vi Luan Tran sold 8,000 shares of the business's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of C$172.92, for a total transaction of C$1,383,360.00. Following the sale, the insider owned 23,877 shares of the company's stock, valued at approximately C$4,128,810.84. The trade was a 25.10% decrease in their position.
Kelvin Vi Luan Tran also recently made the following trade(s):
- On Monday, September 21st, Kelvin Vi Luan Tran sold 2,800 shares of Toronto-Dominion Bank stock. The stock was sold at an average price of C$174.18, for a total transaction of C$487,704.00.
Toronto-Dominion Bank Trading Up 0.1%
Shares of TSE TD opened at C$168.66 on Friday. The company has a market cap of C$276.35 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. The Toronto-Dominion Bank has a 12-month low of C$107.60 and a 12-month high of C$175.33. The stock's 50 day simple moving average is C$168.41 and its 200 day simple moving average is C$156.57.
Toronto-Dominion Bank (TSE:TD - Get Free Report) (NYSE:TD) last issued its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%.The firm had revenue of C$16.93 billion during the quarter. As a group, equities analysts forecast that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.
Toronto-Dominion Bank Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were given a dividend of $1.12 per share. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 10th. Toronto-Dominion Bank's payout ratio is currently 46.36%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Desjardins set a C$183.00 price objective on shares of Toronto-Dominion Bank and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada upped their target price on shares of Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an "outperform" rating in a research report on Friday, August 28th. Barclays raised their price target on shares of Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the company an "underweight" rating in a research note on Friday, August 28th. Scotiabank boosted their price objective on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 28th. Finally, Raymond James Financial increased their price objective on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Moderate Buy" and a consensus price target of C$171.08.
Read Our Latest Stock Report on TD
Toronto-Dominion Bank Company Profile
(
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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