Massachusetts Financial Services Co. MA Has $650.30 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Massachusetts Financial Services Co. MA increased its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 0.2% during the fourth quarter, according to the company in 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 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC raised its stake in shares of Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after buying an additional 249 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in Toronto-Dominion Bank in the fourth quarter worth about $27,000. Bank of Jackson Hole Trust bought a new position in Toronto-Dominion Bank during the fourth quarter worth about $32,000. Versant Capital Management Inc boosted its holdings in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $39,000. 52.37% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts recently commented on TD shares. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Royal Bank of Canada cut their target price on shares of 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. Finally, StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of TD traded down $1.56 during mid-day trading on Friday, hitting $57.10. 3,890,390 shares of the company traded hands, compared to its average volume of 2,557,158. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $59.17 and a 200 day moving average of $57.56. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The stock has a market capitalization of $100.06 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 5.10%. Toronto-Dominion Bank's 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.