Toronto-Dominion Bank (TD) Insider Sells C$2,039,579.52 in Stock
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Michael George Rhodes sold 25,824 shares of the company’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of C$78.98, for a total value of C$2,039,579.52.
TSE TD traded down C$0.06 on Friday, reaching C$79.57. The stock had a trading volume of 1,257,093 shares, compared to its average volume of 3,113,542. Toronto-Dominion Bank has a 1 year low of C$66.10 and a 1 year high of C$79.76.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, August 30th. The company reported C$1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.61 by C$0.05. The company had revenue of C$9.89 billion during the quarter, compared to the consensus estimate of C$9.39 billion. Toronto-Dominion Bank had a return on equity of 13.38% and a net margin of 23.57%.
Several research firms recently weighed in on TD. National Bank Financial upped their price target on Toronto-Dominion Bank from C$84.00 to C$86.00 and gave the company an “outperform” rating in a research report on Friday, August 31st. Desjardins boosted their target price on Toronto-Dominion Bank from C$86.00 to C$87.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Eight Capital boosted their target price on Toronto-Dominion Bank from C$89.00 to C$93.00 in a research note on Friday, August 31st. BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$82.00 to C$83.00 in a research note on Friday, August 31st. Finally, Royal Bank of Canada boosted their target price on Toronto-Dominion Bank from C$84.00 to C$89.00 and gave the company a “sector perform” rating in a research note on Friday, May 25th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Toronto-Dominion Bank presently has an average rating of “Buy” and an average target price of C$85.15.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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