The Toronto-Dominion Bank (NYSE:TD) is Triasima Portfolio Management inc.’s 2nd Largest Position

Triasima Portfolio Management inc. raised its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 24.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,290,611 shares of the bank’s stock after acquiring an additional 250,330 shares during the quarter. Toronto-Dominion Bank comprises approximately 6.9% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its 2nd largest holding. Triasima Portfolio Management inc.’s holdings in Toronto-Dominion Bank were worth $83,549,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TD. Fairfield Bush & CO. acquired a new stake in shares of Toronto-Dominion Bank in the 1st quarter valued at $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at $26,000. PCA Investment Advisory Services Inc. acquired a new stake in shares of Toronto-Dominion Bank in the 2nd quarter valued at $26,000. Bray Capital Advisors raised its holdings in shares of Toronto-Dominion Bank by 206.7% in the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after purchasing an additional 310 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Toronto-Dominion Bank in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of NYSE:TD traded down $0.95 during midday trading on Friday, hitting $56.83. The stock had a trading volume of 2,637,644 shares, compared to its average volume of 3,016,445. The company has a market capitalization of $100.20 billion, a PE ratio of 12.14, a P/E/G ratio of 1.78 and a beta of 0.86. The Toronto-Dominion Bank has a 1 year low of $54.69 and a 1 year high of $66.15. The stock has a 50 day moving average price of $59.60 and a two-hundred day moving average price of $60.15. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. As a group, equities analysts predict that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a yield of 5.29%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s payout ratio is presently 30.56%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TD shares. Bank of America lowered shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a report on Monday, December 18th. Barclays assumed coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” rating on the stock. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, December 20th. Finally, Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $89.33.

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.