Toronto-Dominion Bank (TSE:TD) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$108.86 and traded as high as C$129.71. Toronto-Dominion Bank shares last traded at C$129.16, with a volume of 1,117,183 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TD shares. Canaccord Genuity Group lifted their price target on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Friday, December 5th. Scotiabank raised their price objective on shares of Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the company a “sector perform” rating in a report on Friday, December 5th. Jefferies Financial Group lifted their price objective on shares of Toronto-Dominion Bank from C$125.00 to C$130.00 in a research report on Friday, December 5th. UBS Group boosted their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Finally, BMO Capital Markets raised their price target on Toronto-Dominion Bank from C$128.00 to C$135.00 in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Moderate Buy” and a consensus target price of C$128.17.

Toronto-Dominion Bank Trading Up 0.2%

The firm’s fifty day moving average price is C$118.72 and its 200-day moving average price is C$108.95. The firm has a market cap of C$226.26 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. The firm had revenue of C$16.03 billion during the quarter. On average, sell-side analysts expect that The Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, October 10th. Toronto-Dominion Bank’s payout ratio is presently 36.33%.

Insider Transactions at Toronto-Dominion Bank

In related news, insider Ajai Bambawale sold 7,328 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the transaction, the insider owned 800 shares in the company, valued at C$89,656. This trade represents a 90.16% decrease in their position. Also, Director Nathalie Palladitcheff purchased 1,000 shares of the business’s stock in a transaction on Monday, October 6th. The shares were purchased at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the transaction, the director owned 3,292 shares of the company’s stock, valued at C$370,810.88. This trade represents a 43.63% increase in their ownership of the stock. Over the last three months, insiders sold 84,384 shares of company stock valued at $9,456,915. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.