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

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$86.77 and traded as high as C$102.45. Toronto-Dominion Bank shares last traded at C$101.27, with a volume of 28,697,707 shares.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TD shares. Scotiabank raised Toronto-Dominion Bank to a "hold" rating in a report on Wednesday, May 14th. CIBC boosted their price target on 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. National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the company a "sector perform" rating in a research report on Thursday, May 22nd. Barclays upped their price objective on Toronto-Dominion Bank from C$83.00 to C$91.00 in a research report on Monday, June 9th. Finally, Canaccord Genuity Group set a C$101.00 price objective on Toronto-Dominion Bank and gave the company a "buy" rating in a research report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$90.85.

Toronto-Dominion Bank Stock Down 0.3%

The business has a 50 day moving average of C$95.03 and a 200 day moving average of C$87.15. The company has a market capitalization of C$176.65 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.20 dividend on an annualized basis and a yield of 4.17%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 80.84%.

Insider Buying and Selling at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Senior Officer Melanie Burns sold 6,272 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$97.46, for a total transaction of C$611,269.12. Also, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the firm's stock in a transaction 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. Over the last 90 days, insiders sold 81,612 shares of company stock valued at $7,748,610. 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.