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

Key Points

• The share price of Toronto-Dominion Bank has exceeded its 200-day moving average, reaching C$104.60 during trading, which suggests potential bullish momentum.
• Several analysts have upgraded their price targets for Toronto-Dominion Bank, with a consensus rating of "Hold" and a target price of C$100.17.
• Toronto-Dominion Bank declared a quarterly dividend of $1.05 per share, translating to an annual yield of 4.0%.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$93.42 and traded as high as C$104.60. Toronto-Dominion Bank shares last traded at C$104.44, with a volume of 5,642,813 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on TD shares. National Bankshares upped their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$100.00 and gave the company a "sector perform" rating in a report on Friday, August 29th. Canaccord Genuity Group upped their price objective on shares of Toronto-Dominion Bank from C$109.00 to C$113.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Barclays increased their target price on shares of Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the company an "underweight" rating in a research report on Friday, August 29th. Desjardins increased their target price on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Finally, CIBC upped their price target on Toronto-Dominion Bank from C$109.00 to C$112.00 in a research note on Friday, September 5th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and an average price target of C$100.17.

Toronto-Dominion Bank Stock Up 0.1%

The company has a market capitalization of C$186.25 billion, a P/E ratio of 9.10, a PEG ratio of 1.22 and a beta of 0.87. The company's 50-day moving average is C$102.08 and its two-hundred day moving average is C$93.65.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, July 10th. Toronto-Dominion Bank's payout ratio is presently 35.70%.

Insider Buying and Selling

In related news, Senior Officer Melanie Burns sold 6,272 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$97.46, for a total value of C$611,269.12. Corporate 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.