115,690 Shares in Toronto Dominion Bank (The) $TD Purchased by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management inc. has purchased 115,690 shares of Toronto Dominion Bank, valued at approximately $8.5 million, and now holds about 1.6% of the bank's total shares.
• The bank has recently increased its quarterly dividend from $0.76 to $1.05 per share, resulting in an annualized yield of 5.2%.
• Toronto Dominion Bank's stock ratings have varied, with five analysts rating it as a buy, and recent upgrades from Desjardins to a buy rating, while Zacks downgraded it to a hold.

Triasima Portfolio Management inc. acquired a new position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 115,690 shares of the bank's stock, valued at approximately $8,492,000. Toronto Dominion Bank makes up about 1.6% of Triasima Portfolio Management inc.'s holdings, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in TD. Wealth Enhancement Advisory Services LLC boosted its position in shares of Toronto Dominion Bank by 133.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,126 shares of the bank's stock worth $859,000 after buying an additional 9,231 shares in the last quarter. NBC Securities Inc. raised its stake in Toronto Dominion Bank by 96,550.0% in the 1st quarter. NBC Securities Inc. now owns 1,933 shares of the bank's stock valued at $115,000 after purchasing an additional 1,931 shares during the last quarter. Park Avenue Securities LLC acquired a new position in Toronto Dominion Bank in the 1st quarter valued at about $915,000. Farther Finance Advisors LLC raised its stake in Toronto Dominion Bank by 42.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,819 shares of the bank's stock valued at $167,000 after purchasing an additional 842 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Toronto Dominion Bank by 1.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 57,834 shares of the bank's stock valued at $3,465,000 after purchasing an additional 672 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TD. Desjardins raised shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Toronto Dominion Bank in a research note on Saturday, September 27th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Zacks Research downgraded shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Royal Bank Of Canada raised shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research note on Friday, October 3rd. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Toronto Dominion Bank presently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Trading Down 0.4%

NYSE TD opened at $80.94 on Wednesday. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $82.08. The company has a 50-day moving average of $75.96 and a 200-day moving average of $69.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $137.66 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.66 and a beta of 0.80.

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

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be given a dividend of $1.05 per share. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.2%. Toronto Dominion Bank's dividend payout ratio is currently 36.10%.

About Toronto Dominion Bank

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.

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