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

Key Points

• Toronto-Dominion Bank shares passed above their 200-day moving average, trading as high as C$114.38 and last at C$113.54 on volume of about 5.34 million versus a 200‑day average of C$101.31.
• Several analysts have raised price targets recently, but the MarketBeat consensus remains a Hold with an average target of C$106.33 (5 Buy, 3 Hold, 1 Sell).
• TD paid a C$1.05 quarterly dividend (C$4.20 annualized) for a ~3.7% yield and 35.7% payout ratio, while insiders have been net sellers—84,384 shares sold in the past three months.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$101.31 and traded as high as C$114.38. Toronto-Dominion Bank shares last traded at C$113.54, with a volume of 5,344,488 shares.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Toronto-Dominion Bank from C$102.00 to C$107.00 in a research report on Tuesday, September 30th. CIBC boosted their target price on shares of Toronto-Dominion Bank from C$109.00 to C$112.00 in a report on Friday, September 5th. National Bankshares set a C$100.00 price target on shares of Toronto-Dominion Bank and gave the company a "sector perform" rating in a research note on Monday, September 22nd. Canaccord Genuity Group raised their price target on shares of Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the stock a "buy" rating in a report on Tuesday, September 30th. Finally, Jefferies Financial Group upped their price objective on Toronto-Dominion Bank from C$120.00 to C$124.00 in a report on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$106.33.

Toronto-Dominion Bank Stock Down 0.3%

The business's 50-day simple moving average is C$109.99 and its two-hundred day simple moving average is C$101.31. The firm has a market capitalization of C$193.84 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 1.22 and a beta of 0.96.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were paid a $1.05 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.7%. Toronto-Dominion Bank's payout ratio is presently 35.70%.

Insider Activity

In other Toronto-Dominion Bank news, Director Nathalie Palladitcheff purchased 1,000 shares of the business's stock in a transaction on Monday, October 6th. The shares were bought at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the completion of the purchase, the director directly owned 3,292 shares of the company's stock, valued at approximately C$370,810.88. This trade represents a 43.63% increase in their ownership of the stock. Also, insider Ajai Bambawale sold 39,376 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$4,412,868.32. In the last three months, insiders have sold 84,384 shares of company stock worth $9,456,915. 0.08% of the stock is owned by corporate insiders.

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.

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