Toronto-Dominion Bank (TSE:TD) Insider Kelvin Vi Luan Tran Sells 8,498 Shares

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Kelvin Vi Luan Tran sold 8,498 shares of the 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 sale, the insider directly owned 26,677 shares of the company’s stock, valued at C$4,177,884.97. The trade was a 24.16% decrease in their position.

Toronto-Dominion Bank Price Performance

TD traded down C$0.12 during trading on Friday, hitting C$157.91. 1,439,826 shares of the stock traded hands, compared to its average volume of 5,851,032. The firm has a market capitalization of C$263.52 billion, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The firm has a 50-day moving average of C$144.31 and a 200 day moving average of C$133.55. The Toronto-Dominion Bank has a 12-month low of C$95.52 and a 12-month 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 earnings per share for the quarter. The business had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a net margin of 13.24% and a return on equity of 11.85%. As a group, equities 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 declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 2.7%. Toronto-Dominion Bank’s dividend payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

TD has been the subject of several analyst reports. BMO Capital Markets increased 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 report on Friday, February 27th. Scotiabank upped their price objective on shares of Toronto-Dominion Bank from C$150.00 to C$165.00 and gave the stock a “sector outperform” rating in a report on Monday. Raymond James Financial upped their price objective on shares of Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Barclays upped their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a report on Friday, May 29th. Finally, Jefferies Financial Group upped their price objective on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a report on Wednesday, May 20th. 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. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Moderate Buy” and an average 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.