Insider Selling: Toronto-Dominion Bank (TSE:TD) Insider Sells C$1,330,871.78 in Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Kelvin Vi Luan Tran sold 8,498 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the completion of the transaction, the insider owned 26,677 shares in the company, valued at approximately C$4,177,884.97. This represents a 24.16% decrease in their ownership of the stock.

Toronto-Dominion Bank Stock Performance

TSE TD opened at C$157.74 on Monday. The firm has a 50-day moving average of C$144.86 and a 200-day moving average of C$133.85. The stock has a market cap of C$260.59 billion, a PE ratio of 18.51, a P/E/G ratio of 1.22 and a beta of 0.92. The Toronto-Dominion Bank has a 52-week low of C$95.52 and a 52-week high of C$159.14.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. The business had revenue of C$16.04 billion for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. As a group, analysts predict that The Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, April 9th. Toronto-Dominion Bank’s payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Canaccord Genuity Group set a C$169.00 price target on Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday. Canadian Imperial Bank of Commerce increased their price objective on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. National Bank Financial lifted their target price on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Barclays boosted their target price on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a research report on Friday, May 29th. Finally, BMO Capital Markets upped their price target on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of C$149.75.

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.