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

Key Points

• Toronto-Dominion Bank's stock recently crossed above its 200-day moving average, trading at C$102.35 with a high of C$103.11 during the session.
• Several brokerages have updated their target prices for Toronto-Dominion Bank, with Jefferies increasing it to C$117.00, while the stock currently has a consensus rating of "Hold" and an average target price of C$95.31.
• The bank announced a quarterly dividend of $1.05, yielding 4.1%, and has a dividend payout ratio of 80.84%.

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$91.16 and traded as high as C$103.11. Toronto-Dominion Bank shares last traded at C$102.35, with a volume of 2,877,590 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays raised their target price on Toronto-Dominion Bank from C$91.00 to C$95.00 and gave the company an "underweight" rating in a report on Thursday, August 14th. National Bankshares increased their price target on Toronto-Dominion Bank from C$98.00 to C$99.00 and gave the company a "sector perform" rating in a research report on Friday, August 15th. 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. CIBC increased their price target on Toronto-Dominion Bank from C$99.00 to C$109.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Desjardins raised Toronto-Dominion Bank from a "hold" rating to a "buy" rating and increased their price target for the company from C$97.00 to C$107.00 in a research report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$96.08.

Toronto-Dominion Bank Stock Performance

The firm has a market cap of C$179.74 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The firm has a 50-day moving average price of C$100.62 and a two-hundred day moving average price of C$91.70.

Toronto-Dominion Bank Dividend Announcement

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 4.1%. The ex-dividend date of this dividend was Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 80.84%.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$94.98, for a total transaction of C$912,947.76. Also, Director Ana Arsov bought 3,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average cost of C$94.49 per share, for a total transaction of C$283,470.00. In the last ninety days, insiders have sold 81,612 shares of company stock worth $7,748,610. 0.08% of the stock is currently owned by corporate 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.