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

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD Director Ana Arsov purchased 3,483 shares of the stock in a transaction dated Friday, April 11th. The stock was bought at an average cost of C$80.24 per share, with a total value of C$279,475.92.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded up C$0.18 during mid-day trading on Friday, hitting C$83.98. 12,163,776 shares of the company's stock traded hands, compared to its average volume of 8,933,388. The stock has a market cap of C$147.33 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.22 and a beta of 0.82. The Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$87.99. The firm has a 50 day simple moving average of C$84.38 and a two-hundred day simple moving average of C$81.15.

Toronto-Dominion Bank Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TD shares. CIBC dropped their price target on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. UBS Group upped their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. National Bankshares dropped their price objective on shares of Toronto-Dominion Bank from C$84.00 to C$80.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. 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 research note on Wednesday, January 8th. Finally, Scotiabank dropped their price target on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$88.75.

About Toronto-Dominion Bank

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.