The Toronto-Dominion Bank (TSE:TD) Director Michael A. French Sells 9,288 Shares

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

Toronto-Dominion Bank Trading Up 0.6 %

TSE:TD opened at C$85.82 on Thursday. The stock has a 50-day moving average price of C$83.55 and a 200 day moving average price of C$81.13. The stock has a market capitalization of C$150.56 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.22 and a beta of 0.82. The Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.89%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 80.84%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TD shares. CIBC lowered their price objective 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 increased their price target for the stock from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. BMO Capital Markets raised 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 report on Thursday, December 19th. Royal Bank of Canada raised their target price on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. Finally, Desjardins lowered Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.