Masso Torrence Wealth Management Inc. Invests $220,000 in Toronto Dominion Bank (The) (NYSE:TD)

Masso Torrence Wealth Management Inc. purchased a new position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,670 shares of the bank's stock, valued at approximately $220,000.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in Toronto Dominion Bank by 1.8% during the 4th quarter. Rhumbline Advisers now owns 20,096 shares of the bank's stock valued at $1,070,000 after buying an additional 357 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Toronto Dominion Bank by 18.0% in the 4th quarter. D.A. Davidson & CO. now owns 14,052 shares of the bank's stock worth $748,000 after purchasing an additional 2,148 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Toronto Dominion Bank by 26.3% in the 4th quarter. Global Retirement Partners LLC now owns 2,309 shares of the bank's stock valued at $123,000 after purchasing an additional 481 shares during the period. Union Bancaire Privee UBP SA bought a new position in Toronto Dominion Bank in the 4th quarter valued at $58,000. Finally, IFP Advisors Inc grew its position in shares of Toronto Dominion Bank by 367.0% during the 4th quarter. IFP Advisors Inc now owns 2,279 shares of the bank's stock valued at $121,000 after purchasing an additional 1,791 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TD shares. Royal Bank Of Canada increased their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. Scotiabank started coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Finally, Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD traded up $0.26 during trading on Wednesday, reaching $72.06. The company had a trading volume of 2,543,912 shares, compared to its average volume of 2,312,246. The company has a fifty day moving average of $66.31 and a two-hundred day moving average of $60.31. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $123.98 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 1.77 and a beta of 0.82. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $72.11.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. The business had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter last year, the business posted $2.04 earnings per share. Equities research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.20%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 42.82%.

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.