Toronto-Dominion Bank (TSE:TD) (NYSE:TD) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $75.06 and traded as high as $77.45. Toronto-Dominion Bank shares last traded at $77.43, with a volume of 1,478,228 shares trading hands.
A number of brokerages recently weighed in on TD. Canaccord Genuity reduced their price target on shares of Toronto-Dominion Bank from C$82.00 to C$81.00 in a research report on Friday, August 30th. Citigroup reduced their price target on shares of Toronto-Dominion Bank from C$90.00 to C$82.00 in a research report on Tuesday, September 10th. Eight Capital reduced their price target on shares of Toronto-Dominion Bank from C$85.00 to C$84.00 in a research report on Wednesday, September 4th. CIBC reduced their price target on shares of Toronto-Dominion Bank from C$85.00 to C$83.00 in a research report on Friday, August 30th. Finally, CSFB reduced their target price on shares of Toronto-Dominion Bank from C$79.00 to C$78.00 in a report on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$81.90.
The business’s fifty day moving average price is C$73.73 and its 200 day moving average price is C$75.06. The firm has a market capitalization of $140.75 billion and a PE ratio of 12.28.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, August 29th. The company reported C$1.79 EPS for the quarter, meeting analysts’ consensus estimates of C$1.79. The business had revenue of C$10.50 billion during the quarter, compared to analysts’ expectations of C$10.09 billion. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 7.17 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.83%. Toronto-Dominion Bank’s payout ratio is 44.83%.
In related news, Senior Officer Robert E. Dorrance sold 138,636 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of C$72.63, for a total transaction of C$10,069,132.68. Following the completion of the transaction, the insider now directly owns 569,584 shares of the company’s stock, valued at C$41,368,885.92. Also, Senior Officer Ajai Bambawale sold 13,908 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$76.90, for a total transaction of C$1,069,525.20. Insiders sold 157,544 shares of company stock valued at $11,506,158 over the last ninety days.
About Toronto-Dominion Bank (TSE:TD)
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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