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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Paul Martyn Clark sold 27,649 shares of the company’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 ownership of the stock.

Toronto-Dominion Bank Price Performance

Shares of TSE TD traded down C$0.32 during midday trading on Monday, reaching C$163.69. The company’s stock had a trading volume of 1,148,872 shares, compared to its average volume of 5,721,827. The Toronto-Dominion Bank has a 12-month low of C$96.23 and a 12-month high of C$165.67. The firm has a 50 day moving average price of C$148.08 and a 200-day moving average price of C$135.47. The stock has a market capitalization of C$270.42 billion, a P/E ratio of 19.21, a PEG ratio of 1.22 and a beta of 0.92.

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

Toronto-Dominion Bank Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. National Bank Financial increased their target price on shares of 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. Jefferies Financial Group upped their target price on Toronto-Dominion Bank from C$134.00 to C$142.00 in a report on Wednesday, May 20th. Barclays increased their target price on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a research report on Friday, May 29th. Desjardins raised 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. Finally, Canaccord Genuity Group set a C$169.00 price objective on Toronto-Dominion Bank and gave the company a “buy” rating in a research report on Friday, June 5th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.