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

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$94.24 and traded as high as C$108.38. Toronto-Dominion Bank shares last traded at C$107.98, with a volume of 2,524,200 shares changing hands.

Analysts Set New Price Targets

TD has been the subject of several research analyst reports. Desjardins increased their price objective 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. Scotiabank raised their price target on shares of Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the stock a "sector perform" rating in a research report on Friday, August 29th. Jefferies Financial Group raised their price target on shares of Toronto-Dominion Bank from C$103.00 to C$117.00 in a research report on Wednesday, August 13th. National Bankshares raised their price target on shares of Toronto-Dominion Bank from C$99.00 to C$100.00 and gave the stock a "sector perform" rating in a research report on Friday, August 29th. Finally, Canaccord Genuity Group raised their price target 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. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus target price of C$100.17.

Toronto-Dominion Bank Stock Performance

The business's 50 day moving average is C$102.53 and its 200-day moving average is C$94.24. The stock has a market cap of C$189.16 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 1.22 and a beta of 0.87.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 31st were paid a $1.05 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $4.20 dividend on an annualized basis and a yield of 3.9%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 35.70%.

Insider Transactions at Toronto-Dominion Bank

In related news, Senior Officer Melanie Burns sold 6,272 shares of Toronto-Dominion Bank stock in a transaction on 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.

About Toronto-Dominion Bank

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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