UMB Bank n.a. Has $3.24 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

UMB Bank n.a. cut its stake in shares of The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,005 shares of the bank’s stock after selling 1,233 shares during the period. UMB Bank n.a.’s holdings in Toronto-Dominion Bank were worth $3,238,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Financial Management Professionals Inc. lifted its holdings in Toronto-Dominion Bank by 75.1% during the third quarter. Financial Management Professionals Inc. now owns 408 shares of the bank’s stock worth $25,000 after acquiring an additional 175 shares in the last quarter. Fairfield Bush & CO. bought a new stake in shares of Toronto-Dominion Bank in the first quarter valued at about $26,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Toronto-Dominion Bank by 130.6% in the third quarter. Massmutual Trust Co. FSB ADV now owns 747 shares of the bank’s stock valued at $46,000 after purchasing an additional 423 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Toronto-Dominion Bank by 30.5% in the second quarter. Capital Analysts LLC now owns 783 shares of the bank’s stock valued at $51,000 after purchasing an additional 183 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in Toronto-Dominion Bank by 149.3% during the third quarter. Hexagon Capital Partners LLC now owns 875 shares of the bank’s stock worth $54,000 after acquiring an additional 524 shares in the last quarter. 49.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Canaccord Genuity Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Friday, December 2nd. Credit Suisse Group upped their target price on Toronto-Dominion Bank from C$96.00 to C$98.00 in a report on Friday, December 2nd. Desjardins upped their target price on Toronto-Dominion Bank from C$105.00 to C$106.00 in a report on Tuesday, February 7th. StockNews.com assumed coverage on Toronto-Dominion Bank in a report on Thursday. They set a “sell” rating on the stock. Finally, Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $100.57.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD opened at $56.72 on Friday. The business’s 50 day moving average price is $66.09 and its two-hundred day moving average price is $65.15. The company has a market cap of $103.80 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a twelve month low of $56.36 and a twelve month high of $82.64.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be given a dividend of $0.721 per share. This represents a $2.88 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Wednesday, April 5th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. Toronto-Dominion Bank’s payout ratio is 44.71%.

Toronto-Dominion Bank Profile

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The Toronto-Dominion Bank engages in the provision of financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.