Toronto-Dominion Bank (TSE:TD) Stock Crosses Above 200-Day Moving Average - Here's What Happened

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$81.14 and traded as high as C$87.79. Toronto-Dominion Bank shares last traded at C$87.56, with a volume of 12,522,835 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TD shares. Royal Bank of Canada raised their price objective on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 8th. UBS Group raised their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and lifted their price target for the company from C$90.00 to C$99.00 in a report on Tuesday, February 18th. Scotiabank dropped their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 20th. Finally, National Bankshares decreased their target price on Toronto-Dominion Bank from C$84.00 to C$80.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$88.75.

Toronto-Dominion Bank Stock Up 1.1 %

The business's 50 day moving average is C$84.62 and its two-hundred day moving average is C$81.19. The firm has a market capitalization of C$154.98 billion, a P/E ratio of 17.50, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is currently 80.84%.

Insider Activity at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Ana Arsov acquired 3,483 shares of the stock in a transaction dated Friday, April 11th. The shares were bought at an average price of C$80.24 per share, with a total value of C$279,475.92. Also, Director Michael A. French sold 9,288 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$85.25, for a total transaction of C$791,802.00. Company insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Company Profile

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.