Kelvin Vi Luan Tran Sells 2,800 Shares of Toronto-Dominion Bank (TSE:TD) Stock

Key Points

• Insider sale: Kelvin Vi Luan Tran sold 2,800 Toronto-Dominion Bank shares for C$487,704, reducing his position by 10.5% to 23,877 shares.
• Stock performance: TD shares traded at C$173.04, near their 52-week high of C$175.33, with a market capitalization of approximately C$283.5 billion.
• Dividend and analyst outlook: The bank increased its quarterly dividend to C$1.12 per share, a 2.6% yield, while analysts maintained a “Moderate Buy” consensus with an average price target of C$171.08.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD insider Kelvin Vi Luan Tran sold 2,800 shares of Toronto-Dominion Bank stock in a transaction dated Monday, September 21st. The stock was sold at an average price of C$174.18, for a total value of C$487,704.00. Following the completion of the transaction, the insider owned 23,877 shares of the company's stock, valued at approximately C$4,158,895.86. This represents a 10.50% decrease in their position.

Toronto-Dominion Bank Stock Performance

TD stock traded down C$1.06 during midday trading on Tuesday, reaching C$173.04. 1,148,709 shares of the company traded hands, compared to its average volume of 5,410,627. The Toronto-Dominion Bank has a 52-week low of C$107.60 and a 52-week high of C$175.33. The business has a 50 day moving average of C$168.66 and a 200-day moving average of C$155.78. The firm has a market capitalization of C$283.53 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.22 and a beta of 0.81.

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

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were paid a dividend of $1.12 per share. The ex-dividend date of this dividend was Friday, July 10th. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 2.6%. Toronto-Dominion Bank's payout ratio is presently 46.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TD shares. Barclays increased their target price on shares of Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the company an "underweight" rating in a research note on Friday, August 28th. Canaccord Genuity Group cut their price target on shares of Toronto-Dominion Bank from C$197.00 to C$196.00 in a report on Thursday, September 3rd. 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 research report on Sunday, August 30th. Scotiabank raised their price objective 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 note on Friday, August 28th. Finally, Raymond James Financial boosted their target price on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$171.08.

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.

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