Pictet Asset Management Holding SA Has $50.56 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Pictet Asset Management Holding SA raised its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 950,182 shares of the bank's stock after acquiring an additional 148,685 shares during the quarter. Pictet Asset Management Holding SA owned about 0.05% of Toronto-Dominion Bank worth $50,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TD. Frank Rimerman Advisors LLC boosted its holdings in Toronto-Dominion Bank by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock valued at $290,000 after acquiring an additional 171 shares during the last quarter. Passumpsic Savings Bank lifted its position in Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock valued at $476,000 after purchasing an additional 194 shares during the period. Versant Capital Management Inc grew its position in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after buying an additional 200 shares during the period. Cardinal Capital Management grew its position in shares of Toronto-Dominion Bank by 0.5% during the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock worth $2,379,000 after buying an additional 205 shares during the period. Finally, Dunhill Financial LLC raised its stake in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after buying an additional 249 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Remove Ads

Analyst Ratings Changes

A number of brokerages have issued reports on TD. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Desjardins cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Down 1.5 %

Shares of Toronto-Dominion Bank stock traded down $0.88 during trading hours on Thursday, hitting $59.03. The company's stock had a trading volume of 819,740 shares, compared to its average volume of 2,316,511. The stock has a 50 day moving average of $59.14 and a 200 day moving average of $57.59. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $103.44 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed 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. This represents a $2.91 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is 85.29%.

Toronto-Dominion Bank Profile

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.