Toronto-Dominion Bank (TSE:TD) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD shares 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 trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TD shares. Scotiabank cut 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 report on Thursday, February 20th. Royal Bank of Canada lifted their price target on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a "sector perform" rating in a report on Wednesday, January 8th. National Bankshares lowered their price objective on shares of 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. CIBC cut their target price on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating and boosted their price target for the company from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and a consensus price target of C$88.75.

Toronto-Dominion Bank Trading Down 0.5 %

The stock's 50 day simple moving average is C$84.68 and its 200 day simple moving average is C$81.26. The stock has a market capitalization of C$154.19 billion, a P/E ratio of 17.41, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is presently 80.84%.

Insider Activity

In other news, Director Theresa Lynn Currie sold 45,172 shares of Toronto-Dominion Bank stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the transaction, the director now directly owns 163 shares in the company, valued at approximately C$14,099.50. This trade represents a 99.64 % decrease in their position. Also, Director Ana Arsov bought 3,483 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average cost of C$80.24 per share, for a total transaction of C$279,475.92. 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.