The Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) insider Kelvin Vi Luan Tran sold 2,800 shares of Toronto-Dominion Bank stock in a transaction on Monday, September 21st. The shares were sold at an average price of C$174.18, for a total transaction of C$487,704.00. Following the completion of the transaction, the insider owned 23,877 shares in the company, valued at approximately C$4,158,895.86. This represents a 10.50% decrease in their ownership of the stock.
Kelvin Vi Luan Tran also recently made the following trade(s):
- On Tuesday, September 22nd, Kelvin Vi Luan Tran sold 8,000 shares of Toronto-Dominion Bank stock. The stock was sold at an average price of C$172.92, for a total transaction of C$1,383,360.00.
Toronto-Dominion Bank Stock Up 0.1%
TSE TD opened at C$168.66 on Friday. The Toronto-Dominion Bank has a 52-week low of C$107.60 and a 52-week high of C$175.33. The business’s 50-day moving average price is C$168.41 and its 200 day moving average price is C$156.57. The firm has a market cap of C$276.35 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.22 and a beta of 0.81.
Toronto-Dominion Bank Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were issued 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 yield of 2.7%. The ex-dividend date of this dividend was Friday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 46.36%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on TD. Jefferies Financial Group increased their price target on shares of Toronto-Dominion Bank from C$164.00 to C$165.00 in a report on Thursday, September 3rd. Raymond James Financial increased their target price on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Barclays lifted 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 report on Friday, August 28th. National Bank Financial boosted their price target on Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the stock an “outperform” rating in a research note on Sunday, August 30th. Finally, Keefe, Bruyette & Woods upped their price target on Toronto-Dominion Bank from C$180.00 to C$187.00 in a report on Monday, August 31st. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$171.08.
Get Our Latest Research Report on TD
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.
Further Reading
- Five stocks we like better than Toronto-Dominion Bank
- Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks
- Paychex Plunges, Providing the Entry Investors Have Been Waiting For
- The Case for Buying High-Yield General Mills Just Strengthened
- SanDisk’s $1,800 Breakout Turns Memory Hardware Into a Profit Story
Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.
