The Toronto-Dominion Bank (TSE:TD) Director Sells C$3,907,378.00 in Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) Director Theresa Lynn Currie sold 45,172 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the transaction, the director now owns 163 shares in the company, valued at approximately C$14,099.50. This trade represents a 99.64 % decrease in their position.

Toronto-Dominion Bank Stock Performance

TSE:TD opened at C$85.58 on Friday. The stock has a market capitalization of C$150.14 billion, a PE ratio of 16.96, a P/E/G ratio of 1.22 and a beta of 0.82. The Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$87.99. The company has a fifty day moving average of C$82.38 and a two-hundred day moving average of C$80.90.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.91%. Toronto-Dominion Bank’s dividend payout ratio is presently 80.84%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. National Bankshares cut their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. Cormark decreased their price objective on Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. Desjardins lowered Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, CIBC reduced their price target on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus target price of C$88.75.

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.