82,419 Toronto Dominion Bank (The) $TD Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 9.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 983,997 shares of the bank’s stock after acquiring an additional 82,419 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of Toronto Dominion Bank worth $115,973,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Cornerstone Financial Management LLC increased its position in shares of Toronto Dominion Bank by 77.2% during the second quarter. Cornerstone Financial Management LLC now owns 218 shares of the bank’s stock worth $26,000 after purchasing an additional 95 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Toronto Dominion Bank by 1.8% in the 1st quarter. Chicago Partners Investment Group LLC now owns 5,735 shares of the bank’s stock valued at $535,000 after purchasing an additional 102 shares during the period. Aspiriant LLC boosted its position in shares of Toronto Dominion Bank by 2.4% in the 3rd quarter. Aspiriant LLC now owns 4,343 shares of the bank’s stock valued at $510,000 after purchasing an additional 103 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of Toronto Dominion Bank by 1.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 7,194 shares of the bank’s stock valued at $671,000 after purchasing an additional 104 shares during the period. Finally, Simplicity Wealth LLC grew its stake in Toronto Dominion Bank by 2.7% during the 3rd quarter. Simplicity Wealth LLC now owns 4,236 shares of the bank’s stock worth $498,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $122.35 on Monday. Toronto Dominion Bank has a 12 month low of $79.74 and a 12 month high of $128.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day simple moving average of $121.09 and a 200-day simple moving average of $111.23. The stock has a market capitalization of $199.34 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.12 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.24. The firm had revenue of $12.07 billion for the quarter, compared to analyst estimates of $10.70 billion. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. Toronto Dominion Bank’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $2.20 EPS. Equities analysts predict that Toronto Dominion Bank will post 7.04 earnings per share for the current year.

Toronto Dominion Bank declared that its Board of Directors has initiated a share repurchase program on Wednesday, September 30th that permits the company to buy back $7.14 billion in shares. This buyback authorization permits the bank to buy up to 3.5% of its shares through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Toronto Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Friday, October 9th were paid a C$1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, October 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is 46.66%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods began coverage on shares of Toronto Dominion Bank in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Toronto Dominion Bank Profile

The Toronto-Dominion Bank, commonly known as TD Bank Group, is a Canadian financial services company serving personal, business, corporate and institutional clients. Its services include everyday banking, deposits, mortgages and other lending, credit cards, wealth management, insurance and capital markets services.

TD operates primarily in Canada and the United States through businesses that include TD Canada Trust, TD Bank and TD Securities. It also provides investment and wealth-management services through its TD Wealth businesses.

The bank traces its history to the Bank of Toronto, founded in 1855.