Robert E. Dorrance Sells 374,400 Shares of Toronto-Dominion Bank (TD) Stock

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Robert E. Dorrance sold 374,400 shares of Toronto-Dominion Bank stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$73.69, for a total value of C$27,589,536.00.

Shares of Toronto-Dominion Bank (TSE:TD) opened at C$71.83 on Monday. Toronto-Dominion Bank has a 52-week low of C$61.50 and a 52-week high of C$75.09.

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

A number of research firms have recently commented on TD. Keefe, Bruyette & Woods boosted their price target on Toronto-Dominion Bank from C$68.00 to C$70.00 in a report on Friday, September 1st. Scotiabank boosted their price target on Toronto-Dominion Bank from C$71.00 to C$73.00 and gave the stock an “outperform” rating in a report on Monday, August 21st. BMO Capital Markets boosted their price target on Toronto-Dominion Bank from C$74.00 to C$76.00 in a report on Friday, December 1st. Eight Capital boosted their price target on Toronto-Dominion Bank from C$73.00 to C$76.00 in a report on Friday, December 1st. Finally, National Bank Financial raised Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$69.00 to C$74.00 in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Toronto-Dominion Bank currently has an average rating of “Buy” and a consensus target price of C$75.31.

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Toronto-Dominion Bank Company Profile

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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