TORONTO DOMINION BANK recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
The Toronto Dominion Bank is an international banking and financial services company that is based out of Toronto. The company, trading under the name TD Bank Group, has many subsidiaries including TD Asset Management, TD Auto Finance, TD Canada Trust, TD Commercial Banking, TD Securities, and more. Toronto Dominion Bank can trace its history back to 1855, when the Bank of Toronto was chaptered. The bank would grow and establish its network early on, opening its first branch in Montreal in 1860. The company had very conservative policies, maintaining a high reserve and growing slowly. In 1871, the Dominion Bank was created under the leadership of James Austin. The two banks would grow and expand throughout the rest of the 19th century and into the 20th, facing troubles such as the first world war. The Bank of Toronto and Dominion Bank would grow during the wartime economy onset by WWII, doubling their assets in less than a decade. In 1955, the two banks would be approved for a merger that would form the entity today known as the Toronto Dominion Bank. The company would go through restructuring and aggressive expansion, extending its reach in traditional markets as well as new markets such as natural resources and focusing on an active public relations campaign. The bank would focus on international expansion in 1970, establishing its presence in the UK, US, and Middle East as well as Hong Kong. Although Toronto Dominion Bank would suffer losses during the 1980s, it would recover quickly due to its conservative policies. In the 1990s, the company would establish an online presence and introduce e-banking as well as merge with Canada Trust in 1999. Toronto Dominion Bank today has total assets of over $680 billion, bringing in a revenue of over $21 billion. The company has over 79,000 employees that take care of its 22 million clients through thousands of branches around the world. Some of the mutual funds it offers include the Balanced Income Fund, Dividend Income Fund, Global Bond Fund, and High Yield Bond Fund.
As of the latest 13F report, the guru’s equity portfolio contained 1216 stocks valued at a total of $66.78Bil. The top holdings were SCHW(28.18%), QQQ(3.04%), and RY(2.70%).
According to GuruFocus data, these were TORONTO DOMINION BANK’s top five trades of the quarter.
Charles Schwab Corp
During the quarter, TORONTO DOMINION BANK bought 225,295,680 shares of NYSE:SCHW for a total holding of 225,994,826. The trade had a 28.09% impact on the equity portfolio. During the quarter, the stock traded for an average price of $77.61.
On 02/08/2023, Charles Schwab Corp traded for a price of $81.19 per share and a market cap of $153.98Bil. The stock has returned -11.93% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Charles Schwab Corp has a price-earnings ratio of 23.20, a price-book ratio of 5.69, a price-earnings-to-growth (PEG) ratio of 1.08 and a price-sales ratio of 7.54.
The price-to-GF Value ratio is 1.05, earning the stock a GF Value rank of 5.
INVESCO QQQ Trust
During the quarter, TORONTO DOMINION BANK bought 3,181,477 shares of NAS:QQQ for a total holding of 7,611,837. The trade had a 1.27% impact on the equity portfolio. During the quarter, the stock traded for an average price of $275.95.
On 02/08/2023, INVESCO QQQ Trust traded for a price of $309.88 per share and a market cap of $164.86Bil. The stock has returned -12.04% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, INVESCO QQQ Trust has a price-earnings ratio of 26.45 and a price-book ratio of 6.10.
S&P 500 ETF TRUST ETF
During the quarter, TORONTO DOMINION BANK bought 1,849,044 shares of ARCA:SPY for a total holding of 2,678,910. The trade had a 1.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $382.87.
On 02/08/2023, S&P 500 ETF TRUST ETF traded for a price of $415.11 per share and a market cap of $387.88Bil. The stock has returned -5.68% over the past year.
GuruFocus gives the ETF a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, S&P 500 ETF TRUST ETF has a price-earnings ratio of 20.58, a price-book ratio of 3.79, a price-earnings-to-growth (PEG) ratio of 2.54, a EV-to-Ebitda ratio of 15.41 and a price-sales ratio of 2.83.
The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 6.
Financial Select Sector SPDR
During the quarter, TORONTO DOMINION BANK bought 19,998,838 shares of ARCA:XLF for a total holding of 28,863,795. The trade had a 1.03% impact on the equity portfolio. During the quarter, the stock traded for an average price of $33.64.
On 02/08/2023, Financial Select Sector SPDR traded for a price of $36.99 per share and a market cap of $35.04Bil. The stock has returned -6.12% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Financial Select Sector SPDR has a price-earnings ratio of 14.16 and a price-book ratio of 1.66.
Brookfield Corp
TORONTO DOMINION BANK reduced their investment in NYSE:BN by 9,083,631 shares. The trade had a 0.66% impact on the equity portfolio. During the quarter, the stock traded for an average price of $33.83.
On 02/08/2023, Brookfield Corp traded for a price of $36.85 per share and a market cap of $61.13Bil. The stock has returned -17.66% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Brookfield Corp has a price-earnings ratio of 17.89, a price-book ratio of 1.45, a price-earnings-to-growth (PEG) ratio of 0.88, a EV-to-Ebitda ratio of 9.10 and a price-sales ratio of 0.69.
The price-to-GF Value ratio is 0.90, earning the stock a GF Value rank of 9.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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