Today we return to Toronto-Dominion Bank. We last wrote about insider buying at the bank in October, 2011 when the stock was trading near $73. Insiders again seem to be signalling that TD common stock offers value. On March 6, director John Bragg bought 25,665 shares between $85.47 and $85.97. President and CEO Ed Clark also boosted insider holdings at the bank. Through an automatic plan, the CEO acquired 14,207 shares after exercising options, selling a portion to cover costs and gifting 1,539 shares to charity.
Full disclosure: An affiliate of TD Bank is a client of INK Research.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.