Generali Asset Management SPA SGR Has $13.55 Million Stock Holdings in Toronto Dominion Bank (The) $TD

Generali Asset Management SPA SGR trimmed its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 6.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 169,504 shares of the bank’s stock after selling 11,536 shares during the period. Generali Asset Management SPA SGR’s holdings in Toronto Dominion Bank were worth $13,552,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in shares of Toronto Dominion Bank during the third quarter valued at $27,000. Mather Group LLC. acquired a new stake in Toronto Dominion Bank in the third quarter worth about $30,000. Quaker Wealth Management LLC raised its holdings in Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after purchasing an additional 856 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Toronto Dominion Bank during the 2nd quarter worth about $32,000. Finally, Richardson Financial Services Inc. acquired a new position in Toronto Dominion Bank during the 2nd quarter valued at about $34,000. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Down 0.5%

Shares of NYSE:TD opened at $94.21 on Friday. The company has a 50 day moving average price of $86.30 and a two-hundred day moving average price of $79.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $159.17 billion, a PE ratio of 11.18, a PEG ratio of 1.31 and a beta of 0.67. Toronto Dominion Bank has a 52 week low of $52.96 and a 52 week high of $95.05.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.10. The company had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 EPS. Analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be given a dividend of $1.08 per share. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, January 9th. Toronto Dominion Bank’s payout ratio is 35.82%.

Wall Street Analyst Weigh In

TD has been the subject of several analyst reports. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank 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.