The Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$149.75.
A number of research firms recently weighed in on TD. Royal Bank Of Canada lowered their target price on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. BMO Capital Markets upped their target price on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Jefferies Financial Group upped their target price on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a report on Wednesday, May 20th. Raymond James Financial upped their target price on shares of Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, Desjardins upped their target price on shares of Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the stock a “buy” rating in a report on Friday, May 29th.
View Our Latest Report on Toronto-Dominion Bank
Toronto-Dominion Bank Price Performance
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 for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. The company had revenue of C$16.04 billion for the quarter. On average, analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.
Toronto-Dominion Bank Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were paid a $1.08 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 2.7%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 50.00%.
Insider Buying and Selling
In other Toronto-Dominion Bank 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 owned 26,677 shares in the company, valued at approximately C$4,177,884.97. This trade represents a 24.16% decrease in their position. Company insiders own 0.08% of the company’s stock.
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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