The Toronto-Dominion Bank (TSE:TD) Director Ajay Kumar Virmani Buys 24,636 Shares of Stock

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) Director Ajay Kumar Virmani bought 24,636 shares of the stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average cost of C$81.22 per share, for a total transaction of C$2,000,935.92.

Toronto-Dominion Bank Trading Up 2.6 %

TSE TD opened at C$83.19 on Tuesday. The company has a market capitalization of C$145.95 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The business’s 50-day moving average price is C$84.45 and its 200 day moving average price is C$81.19. The Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99.

Toronto-Dominion Bank Announces Dividend

The business also recently announced 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. The ex-dividend date is Thursday, April 10th. This represents a $4.20 annualized dividend and a dividend yield of 5.05%. Toronto-Dominion Bank’s dividend payout ratio is presently 80.84%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TD. CIBC reduced their price target on Toronto-Dominion Bank from C$96.00 to C$95.00 in a report on Thursday, March 6th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating and raised their target price for the company from C$90.00 to C$99.00 in a report on Tuesday, February 18th. UBS Group upped their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective for the company in a research note on Thursday, December 19th. Finally, National Bankshares lowered their target price 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 research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus 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.