Massmutual Trust Co. FSB ADV Has $103,000 Stake in The Toronto-Dominion Bank (NYSE:TD)

Massmutual Trust Co. FSB ADV grew its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 17.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,622 shares of the bank’s stock after buying an additional 242 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Toronto-Dominion Bank were worth $103,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. bought a new position in Toronto-Dominion Bank in the first quarter worth $29,000. LifeSteps Financial Inc. acquired a new position in shares of Toronto-Dominion Bank in the 1st quarter valued at $30,000. Triad Wealth Partners LLC bought a new position in shares of Toronto-Dominion Bank during the 2nd quarter worth about $31,000. Blue Trust Inc. boosted its position in shares of Toronto-Dominion Bank by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after acquiring an additional 212 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Toronto-Dominion Bank in the second quarter valued at about $49,000. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on TD shares. UBS Group began coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating for the company. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Finally, National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Stock Performance

NYSE TD opened at $63.71 on Friday. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12. The company has a 50 day moving average of $60.31 and a 200-day moving average of $58.11. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The firm has a market cap of $111.39 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.84 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. The business had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. Toronto-Dominion Bank’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS. On average, equities analysts forecast that The Toronto-Dominion Bank will post 5.84 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a $0.739 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.64%. Toronto-Dominion Bank’s dividend payout ratio is 67.73%.

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.