The Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD)’s share price hit a new 52-week high on Monday . The stock traded as high as C$159.35 and last traded at C$158.99, with a volume of 185834 shares trading hands. The stock had previously closed at C$157.74.
Analyst Upgrades and Downgrades
TD has been the subject of a number of analyst reports. Scotiabank upped their price target on Toronto-Dominion Bank from C$150.00 to C$165.00 and gave the stock a “sector outperform” rating in a report on Monday, June 1st. Desjardins boosted their price objective on Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Royal Bank Of Canada reduced their target price on 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. Barclays lifted their price target on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a research note on Friday, May 29th. Finally, Canaccord Genuity Group set a C$169.00 price target on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$149.75.
Check Out Our Latest Stock Analysis on TD
Toronto-Dominion Bank Price Performance
Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%.The firm had revenue of C$16.04 billion for the quarter. On average, research analysts anticipate that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.
Toronto-Dominion Bank Dividend Announcement
The firm 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 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto-Dominion Bank’s payout ratio is 50.00%.
Insider Activity
In other news, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the completion of the sale, the insider directly owned 26,677 shares in the company, valued at C$4,177,884.97. This represents a 24.16% decrease in their ownership of the stock. 0.08% of the stock is owned by insiders.
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.
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