The Toronto-Dominion Bank (TSE:TD) Receives Average Recommendation of "Hold" from Analysts

Key Points

• The Toronto-Dominion Bank has an average analyst recommendation of "Hold", with one sell rating, six hold ratings, and four buy ratings among the eleven analysts covering the stock.
• Toronto-Dominion Bank recently announced a quarterly dividend of $1.05 per share, translating to a yield of 4.2% and an annualized dividend of $4.20.
• Insider transactions included the sale of 81,612 shares by corporate insiders in recent months, indicating a significant level of stock movement among company executives.

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have received an average recommendation of "Hold" from the eleven analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$90.85.

Several research analysts recently weighed in on TD shares. Canaccord Genuity Group set a C$101.00 price objective on shares of Toronto-Dominion Bank and gave the stock a "buy" rating in a research report on Tuesday, June 24th. CIBC boosted 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 report on Thursday, June 5th. Scotiabank raised Toronto-Dominion Bank to a "hold" rating in a research note on Wednesday, May 14th. Barclays lifted their price objective on Toronto-Dominion Bank from C$83.00 to C$91.00 in a research report on Monday, June 9th. Finally, National Bankshares set a C$80.00 target price on shares of Toronto-Dominion Bank and gave the company a "sector perform" rating in a research report on Thursday, May 22nd.

Insider Activity

In other news, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of C$94.98, for a total transaction of C$912,947.76. Also, Director Theresa Lynn Currie sold 48,792 shares of Toronto-Dominion Bank stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$94.64, for a total transaction of C$4,617,674.88. Following the completion of the sale, the director owned 163 shares in the company, valued at C$15,426.32. The trade was a 99.67% decrease in their ownership of the stock. In the last ninety days, insiders sold 81,612 shares of company stock worth $7,748,610. Corporate insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Trading Down 0.8%

TSE:TD opened at C$100.24 on Friday. The stock has a market capitalization of C$175.86 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$102.85. The firm has a 50 day moving average of C$99.40 and a 200-day moving average of C$90.36.

Toronto-Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 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.

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