Insider Selling: The Toronto-Dominion Bank (TSE:TD) Director Sells 9,288 Shares of Stock

The Toronto-Dominion Bank (TSE:TD - Get Free Report) 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 value of C$791,802.00.

Toronto-Dominion Bank Price Performance

Shares of TD traded down C$0.51 during trading hours on Friday, hitting C$85.30. 11,937,048 shares of the company were exchanged, compared to its average volume of 7,876,589. The company has a market capitalization of C$149.65 billion, a PE ratio of 16.90, a PEG ratio of 1.22 and a beta of 0.82. The firm has a fifty day simple moving average of C$83.85 and a 200-day simple moving average of C$81.21. The Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.92%. Toronto-Dominion Bank's dividend payout ratio is presently 80.84%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TD. Royal Bank of Canada raised their target price on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 8th. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating and increased their price target for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 price target for the company in a research note on Thursday, December 19th. Desjardins lowered Toronto-Dominion Bank from a "moderate buy" rating to a "hold" rating in a research note on Thursday, December 5th. Finally, National Bankshares decreased their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus 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.