Toronto-Dominion Bank (TSE:TD) Reaches New 1-Year High - Here's What Happened

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

Analyst Upgrades and Downgrades

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

Toronto-Dominion Bank Price Performance

The firm's 50-day moving average price is C$92.39 and its 200 day moving average price is C$85.69. The firm has a market capitalization of C$175.72 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.19%. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 80.84%.

Insider Buying and Selling

In other news, Senior Officer Paul Martyn Clark sold 16,936 shares of the firm's stock in a transaction on 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 transaction, the insider owned 260 shares of the company's stock, valued at approximately C$24,666.20. This trade represents a 98.49% decrease in their position. Also, Senior Officer Melanie Burns sold 6,272 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$97.46, for a total transaction of C$611,269.12. 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. Company insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Company Profile

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.