Toronto-Dominion Bank (TSE:TD) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) to a hold rating in a report published on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. CIBC raised their price objective on shares of Toronto-Dominion Bank from C$112.00 to C$122.00 in a report on Wednesday, November 19th. Barclays raised their price target on Toronto-Dominion Bank from C$100.00 to C$114.00 and gave the stock an “underweight” rating in a report on Monday. Royal Bank Of Canada upgraded Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from C$93.00 to C$120.00 in a research report on Friday, October 3rd. National Bankshares set a C$100.00 price objective on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a report on Monday, September 22nd. Finally, Scotiabank set a C$114.00 target price on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$109.46.

Toronto-Dominion Bank Trading Up 1.0%

Toronto-Dominion Bank stock opened at C$117.15 on Monday. The business’s 50 day simple moving average is C$112.86 and its 200 day simple moving average is C$104.15. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$117.33. The company has a market cap of C$200.00 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.22 and a beta of 0.96.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 35.70%.

Insider Activity at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Ajai Bambawale sold 7,328 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the transaction, the insider directly owned 800 shares in the company, valued at C$89,656. This trade represents a 90.16% decrease in their ownership of the stock. Also, Director Nathalie Palladitcheff bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average price of C$112.64 per share, for a total transaction of C$112,640.00. Following the transaction, the director owned 3,292 shares in the company, valued at C$370,810.88. This trade represents a 43.63% increase in their ownership of the stock. In the last ninety days, insiders sold 84,384 shares of company stock valued at $9,456,915. 0.08% of the stock is owned by insiders.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.