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

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$88.34 and traded as high as C$102.05. Toronto-Dominion Bank shares last traded at C$101.82, with a volume of 4,050,069 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Scotiabank upgraded shares of Toronto-Dominion Bank to a "hold" rating in a report on Wednesday, May 14th. CIBC raised their price objective on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Barclays lifted their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$91.00 in a research note on Monday, June 9th. National Bankshares set a C$80.00 target price on shares of Toronto-Dominion Bank and gave the company a "sector perform" rating in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group set a C$101.00 price target on shares of Toronto-Dominion Bank and gave the stock a "buy" rating in a 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$90.85.

Toronto-Dominion Bank Trading Up 0.2%

The stock has a 50-day moving average of C$97.64 and a 200-day moving average of C$88.86. The firm has a market cap of C$179.54 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st will be issued a dividend of $1.05 per share. The ex-dividend date is Thursday, July 10th. This represents a $4.20 annualized dividend and a yield of 4.10%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 80.84%.

Insider Activity at Toronto-Dominion Bank

In related news, Director Theresa Lynn Currie sold 48,792 shares of Toronto-Dominion Bank stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$94.64, for a total transaction of C$4,617,674.88. Following the transaction, the director owned 163 shares of the company's stock, valued at C$15,426.32. This trade represents a 99.67% decrease in their position. Also, Senior Officer Melanie Burns sold 6,272 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$97.46, for a total value of C$611,269.12. Insiders have sold 81,612 shares of company stock worth $7,748,610 in the last three months. Company 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.