Triasima Portfolio Management inc. Has $83.55 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Triasima Portfolio Management inc. boosted its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,290,611 shares of the bank's stock after acquiring an additional 250,330 shares during the quarter. Toronto-Dominion Bank comprises about 6.9% of Triasima Portfolio Management inc.'s holdings, making the stock its 2nd largest holding. Triasima Portfolio Management inc. owned approximately 0.07% of Toronto-Dominion Bank worth $83,549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TD. Vanguard Group Inc. boosted its stake in shares of Toronto-Dominion Bank by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank's stock valued at $4,361,876,000 after buying an additional 1,303,730 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Toronto-Dominion Bank by 20.8% during the 3rd quarter. National Bank of Canada FI now owns 38,707,020 shares of the bank's stock valued at $2,275,959,000 after buying an additional 6,665,503 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Toronto-Dominion Bank by 2.0% during the 4th quarter. 1832 Asset Management L.P. now owns 23,907,865 shares of the bank's stock valued at $1,548,273,000 after buying an additional 468,658 shares during the last quarter. Norges Bank purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at approximately $1,484,341,000. Finally, CIBC Asset Management Inc boosted its stake in shares of Toronto-Dominion Bank by 0.4% during the 3rd quarter. CIBC Asset Management Inc now owns 17,918,370 shares of the bank's stock valued at $1,082,848,000 after buying an additional 76,129 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America cut Toronto-Dominion Bank from a "buy" rating to a "neutral" rating in a research note on Monday, December 18th. Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a "hold" rating on the stock. Barclays assumed coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an "equal weight" rating on the stock. Finally, Scotiabank cut Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Wednesday, December 20th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and an average target price of $89.33.

Toronto-Dominion Bank Stock Performance

NYSE TD traded down $0.95 during trading hours on Friday, hitting $56.83. The company had a trading volume of 2,637,644 shares, compared to its average volume of 3,016,445. The Toronto-Dominion Bank has a fifty-two week low of $54.69 and a fifty-two week high of $66.15. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $59.60 and a 200-day simple moving average of $60.15. The firm has a market cap of $100.20 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.78 and a beta of 0.86.

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

Toronto-Dominion Bank Increases Dividend

The business 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 $0.7519 dividend. The ex-dividend date is Monday, April 8th. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a yield of 5.29%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 30.56%.

Toronto-Dominion Bank 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.