Toronto-Dominion Bank (TSE:TD) Insider Paul Martyn Clark Sells 27,649 Shares of Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the completion of the sale, the insider directly owned 260 shares of the company’s stock, valued at C$41,917.20. The trade was a 99.07% decrease in their position.

Toronto-Dominion Bank Stock Performance

TD opened at C$164.27 on Tuesday. The company has a 50-day moving average of C$148.72 and a 200-day moving average of C$135.81. The company has a market capitalization of C$271.38 billion, a P/E ratio of 19.28, a PEG ratio of 1.22 and a beta of 0.92. The Toronto-Dominion Bank has a 1-year low of C$96.23 and a 1-year high of C$165.67.

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

Toronto-Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were given a $1.08 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 2.6%. Toronto-Dominion Bank’s payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

TD has been the subject of several research analyst reports. Raymond James Financial boosted 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 research report on Friday, May 29th. Canadian Imperial Bank of Commerce boosted their target price on shares of 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. Scotiabank boosted their target price on shares of Toronto-Dominion Bank from C$150.00 to C$165.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 1st. Canaccord Genuity Group set a C$169.00 target price on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, National Bank Financial boosted their price objective on shares of Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$149.75.

About Toronto-Dominion Bank

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.