The Toronto-Dominion Bank (TSE:TD) Given Consensus Rating of "Hold" by Brokerages

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD has been assigned a consensus recommendation of "Hold" from the eleven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$90.85.

TD has been the topic of a number of recent research reports. National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. Scotiabank raised Toronto-Dominion Bank to a "hold" rating in a research note on Wednesday, May 14th. Canaccord Genuity Group set a C$101.00 price target on Toronto-Dominion Bank and gave the company a "buy" rating in a research note on Tuesday, June 24th. Barclays upped their price target on Toronto-Dominion Bank from C$83.00 to C$91.00 in a research note on Monday, June 9th. Finally, CIBC upped their price target on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th.

Insider Transactions at Toronto-Dominion Bank

In related news, Director Theresa Lynn Currie sold 48,792 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of C$94.64, for a total value of C$4,617,674.88. Following the sale, the director owned 163 shares in the company, valued at approximately C$15,426.32. The trade was a 99.67% decrease in their position. Also, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$94.98, for a total value of C$912,947.76. In the last three months, insiders have sold 81,612 shares of company stock worth $7,748,610. 0.08% of the stock is owned by corporate insiders.

Toronto-Dominion Bank Trading Up 0.4%

TSE TD traded up C$0.38 on Monday, reaching C$101.67. 3,936,732 shares of the company were exchanged, compared to its average volume of 8,040,107. The business's fifty day moving average price is C$96.37 and its 200 day moving average price is C$88.01. The stock has a market capitalization of C$178.37 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$102.45.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 31st will be issued a $1.05 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.20 annualized dividend and a dividend yield of 4.13%. Toronto-Dominion Bank's dividend payout ratio is presently 80.84%.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.