Insider Buying: The Toronto-Dominion Bank (TSE:TD) Director Purchases C$279,475.92 in Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) Director Ana Arsov bought 3,483 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average cost of C$80.24 per share, for a total transaction of C$279,475.92.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at C$83.80 on Thursday. The firm’s 50 day moving average price is C$84.48 and its two-hundred day moving average price is C$81.17. The Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99. The stock has a market cap of C$147.02 billion, a PE ratio of 16.60, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th will be paid a dividend of $1.05 per share. The ex-dividend date is Thursday, April 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.01%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 80.84%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TD. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating and increased their target price for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th. Royal Bank of Canada upped their target price on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. Scotiabank cut their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. UBS Group raised their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective on the stock in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$88.75.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.