Toronto-Dominion Bank (TSE:TD) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Toronto-Dominion Bank shares have surpassed their two hundred day moving average, currently trading at C$102.28 with a market cap of C$179.44 billion.
• Several analysts have upgraded their ratings for TD, with Desjardins and CIBC increasing target prices to C$107.00 and C$109.00 respectively, while the stock holds a consensus rating of "Hold."
• The bank recently announced a quarterly dividend of $1.05 per share, translating to an annualized yield of 4.1% and a dividend payout ratio of 80.84%.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$92.11 and traded as high as C$102.61. Toronto-Dominion Bank shares last traded at C$102.28, with a volume of 4,651,046 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TD shares. Desjardins raised Toronto-Dominion Bank from a "hold" rating to a "buy" rating and upped their target price for the company from C$97.00 to C$107.00 in a report on Wednesday, August 13th. 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 report on Tuesday, June 24th. CIBC increased their price objective on Toronto-Dominion Bank from C$99.00 to C$109.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Barclays increased their target price on Toronto-Dominion Bank from C$91.00 to C$95.00 and gave the stock an "underweight" rating in a research report on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$96.58.

Toronto-Dominion Bank Stock Down 0.6%

The company's fifty day simple moving average is C$100.86 and its 200 day simple moving average is C$92.11. The firm has a market capitalization of C$179.44 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 31st were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 80.84%.

Insider Activity

In related news, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$94.98, for a total value of C$912,947.76. Also, Director Ana Arsov bought 3,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were acquired at an average price of C$94.49 per share, for a total transaction of C$283,470.00. In the last ninety days, insiders sold 81,612 shares of company stock valued at $7,748,610. 0.08% of the stock is currently owned by insiders.

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.

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