Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$122.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target boosted by CIBC from C$112.00 to C$122.00 in a research report sent to investors on Wednesday,BayStreet.CA reports.

TD has been the topic of several other research reports. National Bankshares set a C$100.00 price objective on shares of Toronto-Dominion Bank and gave the company a “sector perform” rating in a report on Monday, September 22nd. BMO Capital Markets increased their price target on Toronto-Dominion Bank from C$102.00 to C$107.00 in a research report on Tuesday, September 30th. Scotiabank raised their price objective on Toronto-Dominion Bank from C$104.00 to C$114.00 in a research note on Friday, October 10th. Jefferies Financial Group raised their price target on Toronto-Dominion Bank from C$120.00 to C$124.00 in a research report on Tuesday, September 30th. Finally, Canaccord Genuity Group upped their price objective on shares of Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$107.17.

Toronto-Dominion Bank Stock Up 0.8%

Toronto-Dominion Bank stock opened at C$115.59 on Wednesday. The stock has a market capitalization of C$197.34 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. The company has a 50 day moving average of C$112.31 and a 200-day moving average of C$103.43. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$116.49.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 31st were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 35.70%.

Insider Transactions at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Nathalie Palladitcheff acquired 1,000 shares of the company’s stock in a transaction on Monday, October 6th. The shares were acquired at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the acquisition, the director directly owned 3,292 shares in the company, valued at C$370,810.88. This trade represents a 43.63% increase in their ownership of the stock. Also, insider Ajai Bambawale sold 7,328 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the transaction, the insider directly owned 800 shares of the company’s stock, valued at approximately C$89,656. This represents a 90.16% decrease in their position. Insiders have sold 84,384 shares of company stock valued at $9,456,915 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Toronto-Dominion Bank Company Profile

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.