Toronto-Dominion Bank (TSE:TD) Hits New 1-Year High - What's Next?

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$100.15 and last traded at C$100.00, with a volume of 520479 shares traded. The stock had previously closed at C$99.45.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TD shares. CIBC increased their target price on shares of Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Barclays upped their price target on Toronto-Dominion Bank from C$83.00 to C$91.00 in a report on Monday, June 9th. Scotiabank raised Toronto-Dominion Bank to a "hold" rating in a report on Wednesday, May 14th. Canaccord Genuity Group set a C$101.00 price objective on Toronto-Dominion Bank and gave the company a "buy" rating in a research report on Tuesday, June 24th. Finally, National Bankshares set a C$80.00 target price on Toronto-Dominion Bank and gave the company a "sector perform" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$90.85.

Toronto-Dominion Bank Trading Up 0.5%

The stock has a market cap of C$178.23 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.22 and a beta of 0.82. The firm has a fifty day simple moving average of C$93.62 and a 200-day simple moving average of C$86.24.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 31st will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 80.84%.

Insider Activity at Toronto-Dominion Bank

In other news, Senior Officer Melanie Burns sold 6,272 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$97.46, for a total value of C$611,269.12. Also, Senior Officer Paul Martyn Clark sold 16,936 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$94.87, for a total value of C$1,606,718.32. Following the completion of the sale, the insider owned 260 shares of the company's stock, valued at C$24,666.20. This represents a 98.49% decrease in their position. Over the last 90 days, insiders have acquired 31,154 shares of company stock worth $2,567,191 and have sold 81,612 shares worth $7,748,610. Corporate insiders own 0.08% of the company's stock.

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.