Paul Martyn Clark Sells 27,649 Shares of Toronto-Dominion Bank (TSE:TD) Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Paul Martyn Clark sold 27,649 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the completion of the transaction, the insider owned 260 shares in the company, valued at approximately C$41,917.20. This trade represents a 99.07% decrease in their position.

Toronto-Dominion Bank Price Performance

TSE TD opened at C$165.46 on Wednesday. The company has a market cap of C$273.35 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The stock’s 50 day simple moving average is C$149.38 and its 200-day simple moving average is C$136.15. The Toronto-Dominion Bank has a 1-year low of C$96.25 and a 1-year high of C$165.85.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. The business had revenue of C$16.04 billion for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%. On average, equities research analysts anticipate that The Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 50.00%.

Analyst Upgrades and Downgrades

TD has been the subject of several recent research reports. Canaccord Genuity Group set a C$169.00 price target on Toronto-Dominion Bank and gave the company a “buy” rating in a report on Friday, June 5th. Scotiabank increased their price target on Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the company a “sector outperform” rating in a report on Tuesday. Desjardins increased their price target on Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the company a “buy” rating in a report on Friday, May 29th. Raymond James Financial increased their price target on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Jefferies Financial Group increased their price target on Toronto-Dominion Bank from C$134.00 to C$142.00 in a report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of C$150.08.

About Toronto-Dominion Bank

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.