Toronto-Dominion Bank (TSE:TD) Shares Cross Above 200 Day Moving Average - Here's Why

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$83.15 and traded as high as C$95.09. Toronto-Dominion Bank shares last traded at C$94.96, with a volume of 3,317,194 shares trading hands.

Wall Street Analyst Weigh In

TD has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. National Bankshares set a C$80.00 price objective on shares of Toronto-Dominion Bank and gave the company a "sector perform" rating in a research report on Thursday, May 22nd. CIBC boosted their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an "outperform" rating in a research report on Thursday. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and boosted their price objective for the company from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. Finally, Scotiabank upgraded shares of Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has a consensus rating of "Hold" and a consensus price target of C$89.08.

Toronto-Dominion Bank Price Performance

The firm's fifty day moving average price is C$87.76 and its 200-day moving average price is C$83.55. The company has a market capitalization of C$169.04 billion, a price-to-earnings ratio of 19.09, a P/E/G 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 Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.36%. Toronto-Dominion Bank's payout ratio is 80.84%.

Insider Activity at Toronto-Dominion Bank

In related news, Senior Officer Paul Martyn Clark sold 16,936 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$94.87, for a total value of C$1,606,718.32. Following the completion of the sale, the insider now directly owns 260 shares in the company, valued at C$24,666.20. This represents a 98.49% decrease in their ownership of the stock. Also, Director Theresa Lynn Currie sold 48,792 shares of the company's stock in a transaction 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 sale, the director now directly owns 163 shares in the company, valued at C$15,426.32. This trade represents a 99.67% decrease in their position. Over the last three months, insiders purchased 31,154 shares of company stock worth $2,567,191 and sold 84,628 shares worth $7,929,143. 0.08% of the stock is currently owned by company insiders.

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.