Pictet Asset Management Holding SA Sells 19,455 Shares of Toronto Dominion Bank (The) $TD

Pictet Asset Management Holding SA decreased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 923,081 shares of the bank’s stock after selling 19,455 shares during the period. Pictet Asset Management Holding SA owned approximately 0.06% of Toronto Dominion Bank worth $85,930,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TD. Bayban bought a new stake in Toronto Dominion Bank in the fourth quarter valued at about $28,000. Harvest Fund Management Co. Ltd boosted its holdings in Toronto Dominion Bank by 112.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after buying an additional 168 shares during the last quarter. CBIZ Investment Advisory Services LLC bought a new position in Toronto Dominion Bank during the fourth quarter worth about $34,000. Brown Lisle Cummings Inc. grew its position in shares of Toronto Dominion Bank by 88.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock worth $38,000 after buying an additional 191 shares during the period. Finally, Cornerstone Planning Group LLC grew its position in shares of Toronto Dominion Bank by 177.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after buying an additional 274 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 0.6%

NYSE TD opened at $120.38 on Tuesday. Toronto Dominion Bank has a one year low of $72.21 and a one year high of $120.98. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $198.91 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.33 and a beta of 0.72. The stock’s 50-day moving average is $111.73 and its 200-day moving average is $101.06.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business had revenue of $11.80 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the firm earned $1.97 EPS. Toronto Dominion Bank’s quarterly revenue was down 31.1% compared to the same quarter last year. Sell-side analysts anticipate that Toronto Dominion Bank will post 6.86 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio is currently 50.55%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Weiss Ratings downgraded shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.