The Toronto-Dominion Bank (TSE:TD) Senior Officer Paul Martyn Clark Sells 16,936 Shares

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD Senior Officer Paul Martyn Clark sold 16,936 shares of Toronto-Dominion Bank stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$94.87, for a total transaction of C$1,606,718.32. Following the completion of the sale, the insider now directly owns 260 shares in the company, valued at approximately C$24,666.20. The trade was a 98.49% decrease in their position.

Toronto-Dominion Bank Stock Performance

TD stock traded up C$0.75 during trading on Friday, hitting C$96.35. The stock had a trading volume of 2,674,348 shares, compared to its average volume of 7,889,409. The company's 50 day moving average price is C$87.76 and its two-hundred day moving average price is C$83.55. The Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$96.48. The stock has a market cap of C$169.04 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.36%. Toronto-Dominion Bank's dividend payout ratio is currently 80.84%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TD shares. CIBC increased their target price on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the stock an "outperform" rating in a research note on Thursday. Scotiabank upgraded Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating and raised their target price for the company from C$90.00 to C$99.00 in a report on Tuesday, February 18th. National Bankshares set a C$80.00 price target on shares of Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. Finally, UBS Group increased their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and an average target price of C$89.08.

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.