Triasima Portfolio Management inc. Increases Holdings in Toronto Dominion Bank (The) $TD

Triasima Portfolio Management inc. increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 97.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,013 shares of the bank’s stock after purchasing an additional 112,323 shares during the period. Toronto Dominion Bank accounts for 2.8% of Triasima Portfolio Management inc.’s portfolio, making the stock its 6th largest holding. Triasima Portfolio Management inc.’s holdings in Toronto Dominion Bank were worth $18,236,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TD. True Wealth Design LLC purchased a new position in shares of Toronto Dominion Bank in the 3rd quarter worth $27,000. Mather Group LLC. purchased a new position in shares of Toronto Dominion Bank during the third quarter worth approximately $30,000. Quaker Wealth Management LLC raised its position in Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after purchasing an additional 856 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Toronto Dominion Bank during the 2nd quarter valued at about $32,000. Finally, Sachetta LLC purchased a new stake in Toronto Dominion Bank during the third quarter worth $33,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $93.29 on Tuesday. The stock has a market cap of $156.57 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. Toronto Dominion Bank has a fifty-two week low of $54.14 and a fifty-two week high of $96.44. The firm’s fifty day simple moving average is $89.40 and its 200-day simple moving average is $81.25. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The company had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. During the same period last year, the company earned $1.72 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, January 9th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.6%. Toronto Dominion Bank’s payout ratio is currently 37.37%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TD. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and an average 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.