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

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$81.46 and traded as high as C$88.18. Toronto-Dominion Bank shares last traded at C$87.34, with a volume of 3,165,028 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TD shares. National Bankshares dropped their target price on shares of Toronto-Dominion Bank from C$84.00 to C$80.00 and set a "sector perform" rating on the stock in a research report on Monday, April 7th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and boosted their target price for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. UBS Group lifted their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Scotiabank lowered their target price 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, CIBC dropped their target price on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$88.75.

Toronto-Dominion Bank Stock Performance

The stock's 50 day simple moving average is C$84.93 and its two-hundred day simple moving average is C$81.66. The firm has a market capitalization of C$155.96 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's payout ratio is presently 80.84%.

Insider Transactions at Toronto-Dominion Bank

In related news, Director Theresa Lynn Currie sold 45,172 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 163 shares in the company, valued at C$14,099.50. The trade was a 99.64% decrease in their ownership of the stock. Also, Director Ana Arsov bought 3,483 shares of the stock in a transaction dated Friday, April 11th. The stock was bought at an average price of C$80.24 per share, with a total value of C$279,475.92. Company insiders own 0.08% of the company's stock.

About Toronto-Dominion Bank

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.