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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) Director Ana Arsov bought 3,483 shares of Toronto-Dominion Bank stock in a transaction dated 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 Trading Up 2.6 %

TSE TD traded up C$2.14 on Monday, reaching C$83.19. 15,059,702 shares of the stock were exchanged, compared to its average volume of 8,840,959. The company’s 50-day simple moving average is C$84.43 and its two-hundred day simple moving average is C$81.21. The Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99. The firm has a market capitalization of C$145.95 billion, a PE ratio of 16.48, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.05%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 80.84%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective 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. Canaccord Genuity Group upped their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th. Scotiabank lowered their price target 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. Finally, CIBC reduced their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.