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

Key Points

• The Toronto-Dominion Bank has received a consensus recommendation of "Hold" from nine brokerages, with varying ratings: one sell, three hold, and five buy ratings.
• Recent insider transactions include a significant sale of 39,376 shares by Ajai Bambawale and a purchase of 1,000 shares by Director Nathalie Palladitcheff, highlighting mixed insider sentiment.
• The bank announced a quarterly dividend of $1.05 per share, representing an annualized yield of 3.7%, with the ex-dividend date set for October 10th.

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have received an average rating of "Hold" from the nine brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$106.33.

Several research firms have issued reports on TD. BMO Capital Markets upped their price objective on Toronto-Dominion Bank from C$102.00 to C$107.00 in a research note on Tuesday, September 30th. National Bankshares set a C$100.00 price objective on Toronto-Dominion Bank and gave the company a "sector perform" rating in a research note on Monday, September 22nd. Barclays upped their price objective on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the company an "underweight" rating in a research note on Friday, August 29th. Jefferies Financial Group increased their target price on Toronto-Dominion Bank from C$120.00 to C$124.00 in a research note on Tuesday, September 30th. Finally, Royal Bank Of Canada upgraded Toronto-Dominion Bank from a "hold" rating to a "moderate buy" rating and increased their target price for the stock from C$93.00 to C$120.00 in a research note on Friday, October 3rd.

Insider Buying and Selling

In other news, insider Ajai Bambawale sold 39,376 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$4,412,868.32. Also, Director Nathalie Palladitcheff bought 1,000 shares of the stock in a transaction dated Monday, October 6th. The shares were purchased at an average price of C$112.64 per share, for a total transaction of C$112,640.00. Following the purchase, the director owned 3,292 shares of the company's stock, valued at C$370,810.88. This trade represents a 43.63% increase in their position. In the last quarter, insiders have sold 84,384 shares of company stock worth $9,456,915. 0.08% of the stock is owned by corporate insiders.

Toronto-Dominion Bank Stock Up 0.5%

TSE:TD opened at C$112.64 on Wednesday. The stock's 50 day moving average price is C$107.22 and its two-hundred day moving average price is C$98.60. The firm has a market capitalization of C$197.32 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 1.22 and a beta of 0.95. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$114.24.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 31st will be paid a dividend of $1.05 per share. The ex-dividend date is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.7%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 35.70%.

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.

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