Massachusetts Financial Services Co. MA Buys 28,015 Shares of The Toronto-Dominion Bank (NYSE:TD)

Massachusetts Financial Services Co. MA boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,214,560 shares of the bank’s stock after buying an additional 28,015 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.70% of Toronto-Dominion Bank worth $650,303,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Dunhill Financial LLC increased its stake in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after acquiring an additional 249 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at $27,000. Bank of Jackson Hole Trust bought a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $32,000. Versant Capital Management Inc raised its holdings 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 worth $37,000 after buying an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $39,000. 52.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

TD has been the subject of several research analyst reports. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. 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. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada dropped their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Trading Up 0.9 %

Shares of NYSE TD opened at $59.90 on Thursday. The firm has a 50 day moving average price of $59.14 and a two-hundred day moving average price of $57.59. The stock has a market cap of $104.97 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.86%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 85.29%.

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.