Toronto Dominion Bank (The) $TD Stock: Triasima Portfolio Management inc. Boosts Position

Key Points

• Triasima Portfolio Management increased its TD stake by 5.1% in the third quarter, bringing its holdings to 321,615 shares worth approximately $37.9 million. Institutional investors and hedge funds collectively own 52.37% of the bank.
• Analyst sentiment is moderately positive: TD has a consensus “Moderate Buy” rating and an average price target of $148, compared with shares opening at $119.80.
• TD exceeded quarterly expectations with earnings of $1.98 per share and revenue of $12.07 billion, while maintaining a quarterly dividend of C$1.12 per share, representing an annualized yield of about 3.7%.

Triasima Portfolio Management inc. raised its position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 321,615 shares of the bank's stock after purchasing an additional 15,541 shares during the period. Toronto Dominion Bank comprises approximately 4.8% of Triasima Portfolio Management inc.'s portfolio, making the stock its 3rd biggest holding. Triasima Portfolio Management inc.'s holdings in Toronto Dominion Bank were worth $37,905,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cornerstone Financial Management LLC raised its stake in shares of Toronto Dominion Bank by 77.2% during the 2nd quarter. Cornerstone Financial Management LLC now owns 218 shares of the bank's stock worth $26,000 after buying an additional 95 shares during the last quarter. Bayban purchased a new stake in shares of Toronto Dominion Bank in the 4th quarter worth about $28,000. Continuum Advisory LLC purchased a new stake in shares of Toronto Dominion Bank in the 2nd quarter worth about $43,000. Brown Lisle Cummings Inc. grew its stake in Toronto Dominion Bank by 88.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank's stock valued at $38,000 after acquiring an additional 191 shares during the last quarter. Finally, NBH Bank acquired a new stake in Toronto Dominion Bank in the 2nd quarter valued at about $73,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Upgrades and Downgrades

TD has been the subject of several recent research reports. Keefe, Bruyette & Woods initiated coverage on shares of Toronto Dominion Bank in a report on Friday, August 21st. They set a "market perform" rating for the company. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings raised shares of Toronto Dominion Bank from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.00.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $119.80 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The business's fifty day moving average price is $119.93 and its two-hundred day moving average price is $115.06. The stock has a market cap of $197.04 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75. Toronto Dominion Bank has a one year low of $78.43 and a one year high of $125.46.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.24. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%. The company had revenue of $12.07 billion during the quarter, compared to analysts' expectations of $10.70 billion. During the same period in the previous year, the firm posted $2.20 earnings per share. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts forecast that Toronto Dominion Bank will post 7.04 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Friday, October 9th will be given a dividend of C$1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, October 9th. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 46.81%.

Toronto Dominion Bank Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The bank was formed in 1955 through the merger of The Bank of Toronto and The Dominion Bank and serves customers in Canada and the United States.

TD provides a broad range of banking and financial services, including personal and commercial deposit accounts, lending, mortgages, credit cards, payments, investment products and financial advice. Its Canadian operations serve individuals, businesses and institutions, while its U.S.

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