Toronto-Dominion Bank (TSE:TD) Insider Sells 25,824 Shares
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) insider Michael George Rhodes sold 25,824 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of C$78.98, for a total transaction of C$2,039,579.52.
Shares of Toronto-Dominion Bank stock traded up C$0.26 during trading on Friday, reaching C$78.93. 2,043,400 shares of the company traded hands, compared to its average volume of 3,118,289. Toronto-Dominion Bank has a 1-year low of C$67.03 and a 1-year high of C$79.88.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, August 30th. The company reported C$1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.61 by C$0.05. Toronto-Dominion Bank had a net margin of 23.57% and a return on equity of 13.38%. The firm had revenue of C$9.89 billion for the quarter, compared to the consensus estimate of C$9.39 billion.
TD has been the topic of a number of research reports. Desjardins boosted their target price on shares of Toronto-Dominion Bank from C$86.00 to C$87.00 and gave the stock a “buy” rating in a report on Friday, August 31st. National Bank Financial boosted their target price on shares of Toronto-Dominion Bank from C$84.00 to C$86.00 and gave the stock an “outperform” rating in a report on Friday, August 31st. Eight Capital boosted their target price on shares of Toronto-Dominion Bank from C$89.00 to C$93.00 in a report on Friday, August 31st. BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$82.00 to C$83.00 in a report on Friday, August 31st. Finally, CIBC reduced their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$84.00 in a research note on Monday, June 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$85.15.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large 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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