Toronto-Dominion Bank (TSE:TD) Insider Ajai Bambawale Sells 39,376 Shares

Key Points

• Toronto-Dominion Bank insider Ajai Bambawale sold 39,376 shares at an average price of C$112.07, totaling over C$4.4 million in transactions.
• The bank's stock has increased 2.1% recently, reaching C$113.46, with a significant trading volume of 8.9 million shares.
• Toronto-Dominion Bank announced a quarterly dividend of $1.05 per share, with an annualized yield of 3.7%, payable on October 31st to shareholders of record.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD insider Ajai Bambawale sold 39,376 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total transaction of C$4,412,868.32.

Ajai Bambawale also recently made the following trade(s):

• On Wednesday, October 1st, Ajai Bambawale sold 7,328 shares of Toronto-Dominion Bank stock. The shares were sold at an average price of C$112.07, for a total transaction of C$821,248.96.
• On Wednesday, October 1st, Ajai Bambawale sold 37,680 shares of Toronto-Dominion Bank stock. The shares were sold at an average price of C$112.07, for a total value of C$4,222,797.60.

Toronto-Dominion Bank Stock Up 2.1%

Toronto-Dominion Bank stock traded up C$2.32 during trading hours on Friday, hitting C$113.46. 8,920,969 shares of the company traded hands, compared to its average volume of 7,245,395. The firm's 50-day simple moving average is C$104.40 and its two-hundred day simple moving average is C$96.15. The firm has a market cap of C$198.76 billion, a P/E ratio of 9.71, a P/E/G ratio of 1.22 and a beta of 0.87. The Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$114.24.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 31st will be issued 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 payout ratio is currently 35.70%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TD shares. Scotiabank boosted their price objective on shares of Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the stock a "sector perform" rating in a research note on Friday, August 29th. Royal Bank Of Canada upgraded shares of Toronto-Dominion Bank from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$93.00 to C$120.00 in a report on Friday. National Bankshares set a C$100.00 price objective on Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research report on Monday, September 22nd. Canaccord Genuity Group upped their price target on Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, BMO Capital Markets increased their price objective on Toronto-Dominion Bank from C$102.00 to C$107.00 in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of "Hold" and an average target price of C$105.50.

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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