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

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$81.09 and traded as high as C$85.62. Toronto-Dominion Bank shares last traded at C$85.31, with a volume of 4,826,165 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group increased their price objective on Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Canaccord Genuity Group boosted their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and raised their target price for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 price target on the stock in a research report on Thursday, December 19th. Finally, Desjardins downgraded Toronto-Dominion Bank from a "moderate buy" rating to a "hold" rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and a consensus target price of C$88.75.

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Toronto-Dominion Bank Stock Performance

The company's 50-day moving average price is C$83.85 and its 200 day moving average price is C$81.21. The stock has a market cap of C$149.65 billion, a PE ratio of 16.90, a price-to-earnings-growth 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 Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.92%. Toronto-Dominion Bank's payout ratio is currently 80.84%.

Insiders Place Their Bets

In other news, Director Michael A. French sold 9,288 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$85.25, for a total value of C$791,802.00. Also, Director Theresa Lynn Currie sold 45,172 shares of Toronto-Dominion Bank 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 sale, the director now directly owns 163 shares in the company, valued at C$14,099.50. This trade represents a 99.64 % decrease in their position. Company insiders own 0.08% of the company's stock.

About Toronto-Dominion Bank

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.