Massachusetts Financial Services Co. MA Boosts Stock Holdings in Toronto Dominion Bank (The) (NYSE:TD)

Massachusetts Financial Services Co. MA increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,396,341 shares of the bank's stock after buying an additional 181,781 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.71% of Toronto Dominion Bank worth $743,037,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in shares of Toronto Dominion Bank by 144.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank's stock valued at $691,000 after buying an additional 6,818 shares during the period. Vanguard Group Inc. raised its position in shares of Toronto Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after buying an additional 1,415,934 shares during the period. JPMorgan Chase & Co. increased its holdings in Toronto Dominion Bank by 3.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock valued at $384,042,000 after purchasing an additional 236,037 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Toronto Dominion Bank by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank's stock valued at $96,290,000 after purchasing an additional 104,864 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd increased its holdings in Toronto Dominion Bank by 21.2% in the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock valued at $3,383,000 after purchasing an additional 11,100 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Stock Performance

Shares of NYSE:TD traded up $0.55 on Wednesday, reaching $74.00. The company's stock had a trading volume of 1,279,679 shares, compared to its average volume of 2,278,210. The stock's 50-day moving average is $69.74 and its two-hundred day moving average is $62.49. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $75.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $127.31 billion, a P/E ratio of 10.85, a PEG ratio of 1.67 and a beta of 0.83.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.14. The company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same period in the prior year, the business posted $2.04 earnings per share. As a group, sell-side analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $0.7568 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a yield of 4.09%. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio (DPR) is 45.31%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TD shares. Royal Bank Of Canada lifted their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Scotiabank began coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating for the company. Finally, Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank 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.