Toronto-Dominion Bank (TSE:TD) Share Price Passes Above 200 Day Moving Average - What's Next?

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$81.48 and traded as high as C$84.74. Toronto-Dominion Bank shares last traded at C$82.64, with a volume of 14,518,858 shares.

Analyst Upgrades and Downgrades

TD has been the topic of a number of research analyst reports. Canaccord Genuity Group raised their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. CIBC reduced their price target on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. National Bankshares lowered their target price on Toronto-Dominion Bank from C$84.00 to C$80.00 and set a "sector perform" rating on the stock in a research report on Monday. Scotiabank dropped their price target on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 20th. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating and lifted their target price 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 assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$88.75.

Toronto-Dominion Bank Trading Down 2.5 %

The stock's 50-day simple moving average is C$84.51 and its 200-day simple moving average is C$81.27. The stock has a market cap of C$138.95 billion, a price-to-earnings ratio of 15.69, 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 Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $1.05 per share. The ex-dividend date is Thursday, April 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.30%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 80.84%.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, Director Theresa Lynn Currie sold 45,172 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the transaction, the director now owns 163 shares of the company's stock, valued at approximately C$14,099.50. The trade was a 99.64 % decrease in their position. Also, Director Michael A. French sold 9,288 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$85.25, for a total value of C$791,802.00. 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.