Toronto-Dominion Bank (TSE:TD) Insider Kelvin Vi Luan Tran Sells 8,000 Shares of Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Kelvin Vi Luan Tran sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$172.92, for a total transaction of C$1,383,360.00. Following the completion of the transaction, the insider directly owned 23,877 shares of the company’s stock, valued at approximately C$4,128,810.84. This represents a 25.10% decrease in their position.

Kelvin Vi Luan Tran also recently made the following trade(s):

• On Monday, September 21st, Kelvin Vi Luan Tran sold 2,800 shares of Toronto-Dominion Bank stock. The stock was sold at an average price of C$174.18, for a total transaction of C$487,704.00.

Toronto-Dominion Bank Stock Performance

TD stock opened at C$168.66 on Friday. The company has a 50 day moving average price of C$168.41 and a two-hundred day moving average price of C$156.57. The stock has a market capitalization of C$276.35 billion, a P/E ratio of 18.06, a PEG ratio of 1.22 and a beta of 0.81. The Toronto-Dominion Bank has a one year low of C$107.60 and a one year high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, August 27th. The company reported C$2.77 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%.The company had revenue of C$16.93 billion for the quarter. Research analysts forecast that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were paid a $1.12 dividend. The ex-dividend date was Friday, July 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 2.7%. Toronto-Dominion Bank’s payout ratio is currently 46.36%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank Of Canada raised their price target on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Keefe, Bruyette & Woods increased their price objective on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 in a report on Monday, August 31st. National Bank Financial increased their price objective on shares of Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the stock an “outperform” rating in a report on Sunday, August 30th. Scotiabank raised their target price on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 28th. Finally, Raymond James Financial boosted their target price on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and an average target price of C$171.08.

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.