Toronto-Dominion Bank (TSE:TD) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$84.37 and traded as high as C$96.80. Toronto-Dominion Bank shares last traded at C$96.46, with a volume of 5,120,554 shares changing hands.

Analyst Upgrades and Downgrades

TD has been the subject of several recent analyst reports. Barclays lifted their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$91.00 in a research note on Monday, June 9th. National Bankshares set a C$80.00 price objective on shares of Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. CIBC lifted their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Scotiabank raised shares of Toronto-Dominion Bank to a "hold" rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and lifted their price objective for the stock from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank has a consensus rating of "Hold" and an average target price of C$89.31.

Toronto-Dominion Bank Stock Up 0.9%

The stock has a 50-day moving average of C$89.86 and a 200 day moving average of C$84.49. The stock has a market cap of C$171.39 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.30%. Toronto-Dominion Bank's dividend payout ratio is presently 80.84%.

Insiders Place Their Bets

In other news, Director Ana Arsov acquired 3,483 shares of Toronto-Dominion Bank stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of C$80.24 per share, with a total value of C$279,475.92. Also, Director Theresa Lynn Currie sold 48,792 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$94.64, for a total value of C$4,617,674.88. Following the completion of the transaction, the director now directly owns 163 shares of the company's stock, valued at approximately C$15,426.32. This represents a 99.67% decrease in their ownership of the stock. In the last 90 days, insiders have purchased 31,154 shares of company stock worth $2,567,191 and have sold 75,340 shares worth $7,137,341. 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.