Insider Selling: The Toronto-Dominion Bank (TSE:TD) Director Sells 45,172 Shares of Stock

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD Director Theresa Lynn Currie sold 45,172 shares of the firm's 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 sale, the director now owns 163 shares in the company, valued at C$14,099.50. This trade represents a 99.64 % decrease in their ownership of the stock.

Toronto-Dominion Bank Stock Up 1.0 %

Shares of TD traded up C$0.85 during midday trading on Friday, reaching C$85.58. 4,991,858 shares of the stock were exchanged, compared to its average volume of 8,136,942. The Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The company has a market cap of C$150.14 billion, a P/E ratio of 16.96, a PEG ratio of 1.22 and a beta of 0.82. The stock's 50 day simple moving average is C$82.38 and its 200 day simple moving average is 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 (DPR) is presently 80.84%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and lifted their price objective for the company from C$90.00 to C$99.00 in a report on Tuesday, February 18th. 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 on the stock in a report on Thursday, December 19th. Barclays downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Finally, Scotiabank lowered their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating on the stock in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of "Hold" and an average price target of C$88.75.

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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.