Toronto-Dominion Bank (TSE:TD) Shares Cross Above 200 Day Moving Average – Here’s What Happened

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$81.34 and traded as high as C$87.49. Toronto-Dominion Bank shares last traded at C$87.33, with a volume of 8,470,563 shares changing hands.

Analyst Ratings Changes

TD has been the topic of a number of research reports. CIBC decreased their price target on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research note on Thursday, March 6th. Cormark decreased their target price on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Scotiabank lowered their target price 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. Canaccord Genuity Group boosted their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Finally, National Bankshares lowered their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. One equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$88.75.

Toronto-Dominion Bank Stock Up 0.3 %

The company’s fifty day moving average is C$84.35 and its two-hundred day moving average is C$81.34. The stock has a market cap of C$153.21 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.81%. Toronto-Dominion Bank’s dividend payout ratio is presently 80.84%.

Insider Transactions at Toronto-Dominion Bank

In other news, Director Michael A. French sold 9,288 shares of the business’s 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 company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the transaction, the director now owns 163 shares of the company’s stock, valued at approximately C$14,099.50. The trade was a 99.64 % decrease in their position. Corporate 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.