The Toronto-Dominion Bank (TSE:TD – Get Rating) (NYSE:TD)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$86.45 and traded as high as C$89.85. Toronto-Dominion Bank shares last traded at C$89.65, with a volume of 7,763,309 shares trading hands.
Wall Street Analysts Forecast Growth
TD has been the subject of a number of research reports. BMO Capital Markets upped their price objective on shares of Toronto-Dominion Bank from C$95.00 to C$98.00 in a research note on Friday, December 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Toronto-Dominion Bank from C$102.00 to C$106.00 in a report on Friday, December 2nd. National Bankshares lowered their target price on Toronto-Dominion Bank from C$103.00 to C$100.00 in a report on Wednesday, December 21st. Scotiabank cut their price target on Toronto-Dominion Bank from C$101.00 to C$100.00 in a report on Tuesday, November 22nd. Finally, Bank of America boosted their price target on Toronto-Dominion Bank from C$97.00 to C$100.00 in a research report on Friday, December 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$100.21.
Toronto-Dominion Bank Stock Performance
The firm has a market capitalization of C$163.99 billion and a price-to-earnings ratio of 9.49. The business has a fifty day moving average price of C$88.83 and a 200 day moving average price of C$86.49.
Toronto-Dominion Bank Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be given a $0.96 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.89. This represents a $3.84 annualized dividend and a yield of 4.26%. The ex-dividend date is Thursday, January 5th. Toronto-Dominion Bank’s payout ratio is currently 37.59%.
Insiders Place Their Bets
In related news, Senior Officer Raymond Chun sold 7,011 shares of the firm’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of C$88.99, for a total transaction of C$623,908.89. Following the sale, the insider now directly owns 27,856 shares in the company, valued at C$2,478,905.44. In other news, Senior Officer Raymond Chun sold 7,011 shares of the company’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of C$88.99, for a total value of C$623,908.89. Following the completion of the sale, the insider now owns 27,856 shares in the company, valued at approximately C$2,478,905.44. Also, Director Mark Russell Chauvin sold 42,576 shares of the stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of C$88.45, for a total transaction of C$3,765,847.20. Following the transaction, the director now owns 185,780 shares in the company, valued at C$16,432,241.
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 Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.
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