Toronto-Dominion Bank (TSE:TD) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$81.48 and traded as high as C$84.74. Toronto-Dominion Bank shares last traded at C$82.64, with a volume of 14,518,858 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TD shares. Canaccord Genuity Group increased their price objective on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. CIBC lowered their price target on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. Royal Bank of Canada boosted their price objective on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a "sector perform" rating in a report on Wednesday, January 8th. National Bankshares decreased their target price on shares of Toronto-Dominion Bank from C$84.00 to C$80.00 and set a "sector perform" rating on the stock in a research report on Monday. Finally, UBS Group lifted their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$88.75.

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Toronto-Dominion Bank Stock Performance

The stock has a market cap of C$139.77 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.22 and a beta of 0.82. The stock has a fifty day simple moving average of C$84.58 and a two-hundred day simple moving average of C$81.34.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is presently 80.84%.

Insiders Place Their Bets

In related news, Director Michael A. French sold 9,288 shares of the firm's stock in a transaction 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. Also, Director Theresa Lynn Currie sold 45,172 shares of the business's stock in a transaction 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 sale, the director now owns 163 shares in the company, valued at C$14,099.50. This represents a 99.64 % decrease in their position. 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.