Insider Selling: The Toronto-Dominion Bank (TSE:TD) Senior Officer Sells 9,612 Shares of Stock

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$94.98, for a total transaction of C$912,947.76.

Toronto-Dominion Bank Stock Up 0.8%

Shares of TSE TD traded up C$0.75 during midday trading on Friday, hitting C$96.35. The company had a trading volume of 2,674,348 shares, compared to its average volume of 7,889,409. The firm has a market capitalization 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. The Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$96.48. The business has a 50-day simple moving average of C$87.53 and a two-hundred day simple moving average of C$83.46.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.36%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 80.84%.

Analyst Upgrades and Downgrades

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