The Toronto-Dominion Bank (TSE:TD) Director Sells C$791,802.00 in Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) Director Michael A. French sold 9,288 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$85.25, for a total transaction of C$791,802.00.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at C$85.30 on Friday. The company’s 50 day simple moving average is C$83.85 and its 200-day simple moving average is C$81.21. The company has a market capitalization of C$149.65 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$87.99.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 4.92%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 80.84%.

Analyst Ratings Changes

TD has been the subject of several recent analyst reports. CIBC lowered their target price on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research note on Thursday, March 6th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. Cormark lowered their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective for the company in a research note on Thursday, December 19th. Finally, Desjardins downgraded shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$88.75.

About Toronto-Dominion Bank

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.