Bank Julius Baer & Co. Ltd Zurich Lowers Stock Position in Toronto Dominion Bank (The) $TD

Bank Julius Baer & Co. Ltd Zurich cut its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 50.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,795 shares of the bank’s stock after selling 1,864 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Toronto Dominion Bank were worth $132,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TD. Vanguard Group Inc. lifted its holdings in Toronto Dominion Bank by 3.4% during the second quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock worth $5,677,291,000 after buying an additional 2,552,603 shares during the period. TD Asset Management Inc raised its position in shares of Toronto Dominion Bank by 0.9% in the 2nd quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock worth $2,742,748,000 after acquiring an additional 329,429 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Toronto Dominion Bank by 4.5% during the 1st quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank’s stock worth $1,752,806,000 after purchasing an additional 1,262,062 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its position in Toronto Dominion Bank by 48.9% during the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock valued at $886,174,000 after purchasing an additional 4,853,498 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Toronto Dominion Bank by 20.1% in the second quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock valued at $1,053,292,000 after purchasing an additional 2,366,324 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of NYSE TD opened at $82.74 on Tuesday. The company has a 50 day simple moving average of $80.46 and a two-hundred day simple moving average of $75.03. The stock has a market cap of $139.78 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 1.68 and a beta of 0.79. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $82.93.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 earnings per share. As a group, analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, October 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio (DPR) is 35.16%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Finally, Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Company 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.