The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,214,560 shares of the bank's stock after purchasing an additional 28,015 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.70% of Toronto-Dominion Bank worth $650,303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Frank Rimerman Advisors LLC boosted its stake in shares of Toronto-Dominion Bank by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after acquiring an additional 171 shares during the last quarter. Passumpsic Savings Bank lifted its position in shares of Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock valued at $476,000 after buying an additional 194 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after acquiring an additional 200 shares during the period. Cardinal Capital Management increased its holdings in Toronto-Dominion Bank by 0.5% in the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock worth $2,379,000 after acquiring an additional 205 shares in the last quarter. Finally, Dunhill Financial LLC raised its stake in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after acquiring an additional 249 shares during the period. 52.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TD has been the subject of several recent analyst reports. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Stock Performance

TD stock traded down $1.47 during trading on Monday, reaching $55.57. The company had a trading volume of 1,483,729 shares, compared to its average volume of 2,545,965. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50-day simple moving average of $59.17 and a 200-day simple moving average of $57.49. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The company has a market cap of $97.38 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 5.24%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.

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 four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.