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

Key Points

• Insider sale: Kelvin Vi Luan Tran sold 8,000 TD shares at an average price of C$172.92, worth C$1.38 million, reducing his ownership by 25.1% to 23,877 shares. He also sold 2,800 shares worth C$487,704 the previous day.
• Stock performance and fundamentals: TD shares rose 0.3% to C$169.00, near their C$175.33 52-week high. The bank reported C$2.77 quarterly EPS and C$16.93 billion in revenue.
• Dividend and analyst outlook: TD increased its quarterly dividend to C$1.12, equivalent to a 2.7% annual yield. Analysts maintain 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 8,000 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of C$172.92, for a total value of C$1,383,360.00. Following the completion of the sale, the insider owned 23,877 shares of the company's stock, valued at approximately C$4,128,810.84. This trade represents a 25.10% decrease in their ownership of the stock.

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 value of C$487,704.00.

Toronto-Dominion Bank Stock Up 0.3%

Shares of TD traded up C$0.51 during mid-day trading on Thursday, hitting C$169.00. 986,523 shares of the company traded hands, compared to its average volume of 5,399,903. The Toronto-Dominion Bank has a 1-year low of C$107.60 and a 1-year high of C$175.33. The company has a market capitalization of C$276.91 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. The business has a 50 day moving average of C$168.52 and a 200 day moving average of C$156.30.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last announced its quarterly earnings data 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 net margin of 14.36% and a return on equity of 12.83%. As a group, research analysts expect that The Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on TD shares. National Bank Financial lifted their price objective on shares of Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the company an "outperform" rating in a research note on Sunday, August 30th. Barclays raised their target price on shares of Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the stock an "underweight" rating in a report on Friday, August 28th. Desjardins set a C$183.00 target price on shares of Toronto-Dominion Bank and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada increased 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 report on Friday, August 28th. Finally, Jefferies Financial Group lifted their price objective on Toronto-Dominion Bank from C$164.00 to C$165.00 in a research note on Thursday, September 3rd. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock 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.

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