The Toronto-Dominion Bank (TSE:TD) Director Purchases C$2,000,935.92 in Stock

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD Director Ajay Kumar Virmani acquired 24,636 shares of the company's stock in a transaction on Wednesday, April 9th. The shares were acquired at an average cost of C$81.22 per share, for a total transaction of C$2,000,935.92.

Toronto-Dominion Bank Stock Performance

Shares of TD stock traded up C$0.18 during mid-day trading on Friday, hitting C$83.98. The company's stock had a trading volume of 12,163,776 shares, compared to its average volume of 8,933,388. 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$147.33 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.22 and a beta of 0.82. The business has a 50-day moving average price of C$84.44 and a 200 day moving average price of C$81.16.

Toronto-Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.00%. Toronto-Dominion Bank's dividend payout ratio is presently 80.84%.

Analyst Ratings Changes

A number of research firms have recently commented on TD. Royal Bank of Canada raised their price target on 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. UBS Group upped their price target on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. CIBC cut their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and upped their target price for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th. Finally, Scotiabank decreased their price target on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average 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.