Toronto-Dominion Bank (TSE:TD) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD's share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 8th. UBS Group boosted their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 price target for the company in a report on Thursday, December 19th. Scotiabank reduced their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group raised their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus price target of C$88.75.

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Toronto-Dominion Bank Stock Performance

The company has a market cap of C$151.53 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.22 and a beta of 0.82. The firm's 50-day moving average price is C$84.57 and its 200 day moving average price is C$81.43.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.86%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 80.84%.

Insider Transactions at Toronto-Dominion Bank

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