Insider Selling: Toronto-Dominion Bank (TD) Insider Sells C$4,326,438.40 in Stock

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Theresa Lynn Currie sold 59,560 shares of Toronto-Dominion Bank stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$72.64, for a total value of C$4,326,438.40.

Shares of Toronto-Dominion Bank (TSE:TD) opened at C$71.83 on Friday. Toronto-Dominion Bank has a 12-month low of C$61.50 and a 12-month high of C$75.09.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be given a $0.60 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $2.40 annualized dividend and a dividend yield of 3.34%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 42.81%.

A number of brokerages recently issued reports on TD. Royal Bank of Canada lifted their target price on Toronto-Dominion Bank from C$72.00 to C$78.00 and gave the stock a “sector perform” rating in a report on Friday, December 1st. National Bank Financial lifted their target price on Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Eight Capital lifted their target price on Toronto-Dominion Bank from C$73.00 to C$76.00 in a report on Friday, December 1st. CSFB lifted their target price on Toronto-Dominion Bank from C$75.00 to C$77.00 in a report on Friday, December 1st. Finally, Canaccord Genuity lifted their target price on Toronto-Dominion Bank from C$78.00 to C$80.00 in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$75.31.

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About Toronto-Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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