The Toronto-Dominion Bank (TSE:TD) Director Michael A. French Sells 9,288 Shares

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) Director Michael A. French sold 9,288 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$85.25, for a total value of C$791,802.00.

Toronto-Dominion Bank Trading Up 0.6 %

TD stock opened at C$85.82 on Thursday. The stock’s 50 day simple moving average is C$83.55 and its 200 day simple moving average is C$81.13. The Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The stock has a market capitalization of C$150.56 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.89%. Toronto-Dominion Bank’s payout ratio is currently 80.84%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective for the company in a report on Thursday, December 19th. CIBC decreased their price target on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research note on Thursday, March 6th. Barclays lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Canaccord Genuity Group raised their target price on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Finally, UBS Group lifted their target price on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$88.75.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.