Toronto-Dominion Bank (TSE:TD) Director Nathalie Palladitcheff Acquires 1,000 Shares

Key Points

• Nathalie Palladitcheff, a director at Toronto-Dominion Bank, purchased 1,000 shares at an average cost of C$112.64, increasing her total ownership by 43.63%.
• The bank announced a quarterly dividend of $1.05, representing an annualized yield of 3.7%, payable on October 31st.
• Analysts have adjusted price targets for Toronto-Dominion Bank, with Canaccord Genuity increasing theirs to C$119.00, indicating a positive outlook for the stock.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD Director Nathalie Palladitcheff bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the completion of the purchase, the director owned 3,292 shares of the company's stock, valued at C$370,810.88. This trade represents a 43.63% increase in their ownership of the stock.

Toronto-Dominion Bank Price Performance

TSE:TD traded down C$0.37 during trading hours on Monday, hitting C$112.89. The company had a trading volume of 3,081,876 shares, compared to its average volume of 7,307,908. The company has a market capitalization of C$192.73 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95. The stock has a 50-day moving average price of C$104.61 and a 200 day moving average price of C$96.49. The Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$114.24.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be given a $1.05 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a yield of 3.7%. Toronto-Dominion Bank's payout ratio is 35.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TD shares. Canaccord Genuity Group upped their price target on shares of Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the company a "buy" rating in a research report on Tuesday, September 30th. National Bankshares set a C$100.00 price objective on Toronto-Dominion Bank and gave the company a "sector perform" rating in a research note on Monday, September 22nd. Scotiabank boosted their price objective on Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the company a "sector perform" rating in a research note on Friday, August 29th. BMO Capital Markets boosted their price objective on Toronto-Dominion Bank from C$102.00 to C$107.00 in a research note on Tuesday, September 30th. Finally, Jefferies Financial Group boosted their price objective on Toronto-Dominion Bank from C$120.00 to C$124.00 in a research note on Tuesday, September 30th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of "Hold" and an average price target of C$105.50.

About Toronto-Dominion Bank

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.

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