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

Triasima Portfolio Management inc. lifted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 97.1% during the third quarter, HoldingsChannel reports. The firm owned 228,013 shares of the bank’s stock after purchasing an additional 112,323 shares during the period. Toronto Dominion Bank comprises 2.8% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its 6th biggest position. Triasima Portfolio Management inc.’s holdings in Toronto Dominion Bank were worth $18,236,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Root Financial Partners LLC bought a new stake in shares of Toronto Dominion Bank during the third quarter worth $83,000. JCIC Asset Management Inc. acquired a new stake in shares of Toronto Dominion Bank in the third quarter valued at approximately $687,000. Florida Trust Wealth Management Co acquired a new position in Toronto Dominion Bank during the third quarter valued at approximately $211,000. Massachusetts Financial Services Co. MA grew its position in shares of Toronto Dominion Bank by 7.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,081,305 shares of the bank’s stock valued at $965,900,000 after acquiring an additional 792,387 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Toronto Dominion Bank by 33.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 24,151 shares of the bank’s stock valued at $1,931,000 after acquiring an additional 6,019 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Natl Bk Canada raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Trading Down 0.6%

Shares of NYSE:TD opened at $93.29 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $156.57 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. Toronto Dominion Bank has a 1 year low of $54.14 and a 1 year high of $96.44. The business’s 50 day moving average price is $89.40 and its 200-day moving average price is $81.25.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. The firm had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. Toronto Dominion Bank’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $1.72 EPS. On average, equities research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 37.37%.

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.