Toronto Dominion Bank (The) $TD Position Lifted by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management raised its stake in Toronto Dominion Bank by 10.2% in Q4 to 251,170 shares (now its 3rd-largest position, worth $23.7M); institutional investors own about 52.37% of TD, with Vanguard holding 77.25M shares.
• Quarterly results beat — TD reported EPS of $1.76 vs. $1.63 expected and revenue of $11.01B (up 18.1% year-over-year), though EPS declined from $2.02 a year earlier; analysts forecast ~6.87 EPS for the fiscal year.
• TD pays a quarterly dividend of $1.08 (annualized $4.32, ~4.0% yield) and trades near its 12‑month high (~$107); the stock has a market cap of $177.85B, P/E of 11.87, and a consensus target of $93 (average "Moderate Buy").

Triasima Portfolio Management inc. boosted its holdings in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 10.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 251,170 shares of the bank's stock after buying an additional 23,157 shares during the period. Toronto Dominion Bank makes up about 3.5% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 3rd largest position. Triasima Portfolio Management inc.'s holdings in Toronto Dominion Bank were worth $23,703,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Toronto Dominion Bank by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 77,252,688 shares of the bank's stock valued at $7,280,911,000 after buying an additional 765,107 shares during the period. TD Asset Management Inc raised its holdings in Toronto Dominion Bank by 0.7% in the third quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank's stock valued at $3,008,096,000 after buying an additional 246,999 shares during the period. Canerector Inc. raised its holdings in Toronto Dominion Bank by 11,028.0% in the third quarter. Canerector Inc. now owns 22,256,000 shares of the bank's stock valued at $1,779,367,000 after buying an additional 22,056,000 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Toronto Dominion Bank by 25.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank's stock valued at $1,432,854,000 after buying an additional 3,129,457 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Toronto Dominion Bank by 3.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,113,286 shares of the bank's stock valued at $808,477,000 after buying an additional 316,901 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Stock Up 0.1%

TD stock opened at $107.39 on Monday. Toronto Dominion Bank has a twelve month low of $62.79 and a twelve month high of $108.35. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $177.85 billion, a P/E ratio of 11.87, a PEG ratio of 1.22 and a beta of 0.71. The firm has a 50 day simple moving average of $98.22 and a 200-day simple moving average of $92.34.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same quarter last year, the company earned $2.02 earnings per share. The business's quarterly revenue was up 18.1% compared to the same quarter last year. On average, equities research analysts predict that Toronto Dominion Bank will post 6.87 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.0%. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 34.36%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 12th. Zacks Research downgraded shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. Finally, Weiss Ratings raised shares of Toronto Dominion Bank from a "buy (b)" rating to a "buy (a-)" rating in a research report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.

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