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

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$81.46 and traded as high as C$88.18. Toronto-Dominion Bank shares last traded at C$87.34, with a volume of 3,165,028 shares trading hands.

Analysts Set New Price Targets

TD has been the topic of several analyst reports. CIBC decreased their target price on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research note on Thursday, March 6th. Scotiabank dropped their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating for the company in a report on Thursday, February 20th. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating and lifted their price objective for the stock from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. UBS Group upped their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Finally, National Bankshares decreased their price objective on shares of Toronto-Dominion Bank from C$84.00 to C$80.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Hold" and an average price target of C$88.75.

Toronto-Dominion Bank Price Performance

The company has a market cap of C$155.96 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.22 and a beta of 0.82. The company's 50-day moving average is C$84.93 and its two-hundred day moving average is C$81.66.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 80.84%.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, Director Michael A. French sold 9,288 shares of Toronto-Dominion Bank stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$85.25, for a total transaction of C$791,802.00. Also, Director Theresa Lynn Currie sold 45,172 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the transaction, the director now directly owns 163 shares of the company's stock, valued at approximately C$14,099.50. The trade was a 99.64% decrease in their ownership of the stock. Company insiders own 0.08% of the company's stock.

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.