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

Key Points

• Toronto-Dominion Bank's stock price has surpassed its 200-day moving average, indicating a robust trading performance with shares peaking at C$101.15.
• The bank announced a quarterly dividend of $1.05 per share, translating to an annualized yield of 4.2% and a payout ratio of 80.84%.
• Recent analyst reports show mixed sentiments, with one sell rating, six hold ratings, and four buy ratings, resulting in a consensus price target of C$90.85.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$90.16 and traded as high as C$101.15. Toronto-Dominion Bank shares last traded at C$101.04, with a volume of 7,382,116 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on TD. Canaccord Genuity Group set a C$101.00 target price on shares of Toronto-Dominion Bank and gave the stock a "buy" rating in a report on Tuesday, June 24th. National Bankshares set a C$80.00 target price on shares of Toronto-Dominion Bank and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. Scotiabank upgraded shares of Toronto-Dominion Bank to a "hold" rating in a report on Wednesday, May 14th. Barclays lifted their target price on shares of Toronto-Dominion Bank from C$83.00 to C$91.00 in a report on Monday, June 9th. Finally, CIBC lifted their target price on shares of Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$90.85.

Toronto-Dominion Bank Stock Performance

The firm's 50-day moving average price is C$99.52 and its two-hundred day moving average price is C$90.61. The firm has a market capitalization of C$176.16 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 31st were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Thursday, July 10th. Toronto-Dominion Bank's payout ratio is 80.84%.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, Senior Officer Paul Martyn Clark sold 16,936 shares of Toronto-Dominion Bank stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$94.87, for a total transaction of C$1,606,718.32. Following the sale, the insider directly owned 260 shares in the company, valued at approximately C$24,666.20. The trade was a 98.49% decrease in their position. Also, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of Toronto-Dominion Bank stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$94.98, for a total transaction of C$912,947.76. Insiders sold 81,612 shares of company stock worth $7,748,610 in the last 90 days. 0.08% of the stock is currently owned by 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.