Toronto-Dominion Bank (TSE:TD) Stock Passes Above Two Hundred Day Moving Average - Here's Why

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$89.43 and traded as high as C$102.19. Toronto-Dominion Bank shares last traded at C$101.31, with a volume of 7,028,222 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group set a C$101.00 price target on Toronto-Dominion Bank and gave the company a "buy" rating in a research report on Tuesday, June 24th. National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. Scotiabank raised Toronto-Dominion Bank to a "hold" rating in a report on Wednesday, May 14th. Barclays boosted their price objective on Toronto-Dominion Bank from C$83.00 to C$91.00 in a report on Monday, June 9th. Finally, CIBC boosted their price objective on 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued 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 Stock Performance

The stock has a fifty day moving average of C$98.36 and a 200-day moving average of C$89.43. The company has a market cap of C$178.60 billion, a PE ratio of 20.17, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 31st will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's payout ratio is 80.84%.

Insider Activity at Toronto-Dominion Bank

In other news, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$94.98, for a total value of C$912,947.76. Also, Director Theresa Lynn Currie sold 48,792 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$94.64, for a total value of C$4,617,674.88. Following the transaction, the director owned 163 shares in the company, valued at C$15,426.32. This represents a 99.67% decrease in their position. Insiders sold a total of 81,612 shares of company stock worth $7,748,610 over the last ninety days. Corporate 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.