The Toronto-Dominion Bank (TSE:TD) Receives C$150.08 Average PT from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$150.08.

A number of equities analysts have recently issued reports on TD shares. Jefferies Financial Group increased their price target on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a report on Wednesday, May 20th. Canaccord Genuity Group set a C$169.00 price objective on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, June 5th. Raymond James Financial upped 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 increased their target price on shares of Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Finally, Barclays lifted their price target on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a research report on Friday, May 29th.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, insider Kelvin Vi Luan Tran sold 8,498 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the completion of the transaction, the insider owned 26,677 shares in the company, valued at C$4,177,884.97. This trade represents a 24.16% decrease in their ownership of the stock. Also, insider Paul Martyn Clark sold 27,649 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the completion of the transaction, the insider owned 260 shares of the company’s stock, valued at approximately C$41,917.20. This represents a 99.07% decrease in their position. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TSE:TD opened at C$170.01 on Monday. The stock has a fifty day moving average price of C$157.03 and a two-hundred day moving average price of C$140.48. The stock has a market capitalization of C$280.87 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.22 and a beta of 0.92. Toronto-Dominion Bank has a 1 year low of C$99.51 and a 1 year high of C$172.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its 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 for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. On average, analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, July 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 50.00%.

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.