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

Triasima Portfolio Management inc. bought a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 115,690 shares of the bank’s stock, valued at approximately $8,492,000. Toronto Dominion Bank makes up approximately 1.6% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TD. Goldman Sachs Group Inc. increased its position in Toronto Dominion Bank by 93.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after purchasing an additional 5,917,078 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in Toronto Dominion Bank by 48.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock worth $886,174,000 after acquiring an additional 4,853,498 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Toronto Dominion Bank by 81.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after acquiring an additional 4,729,657 shares during the period. JPMorgan Chase & Co. boosted its holdings in Toronto Dominion Bank by 38.6% in the 1st quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock worth $599,064,000 after acquiring an additional 2,780,984 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Toronto Dominion Bank by 17.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock worth $825,440,000 after acquiring an additional 2,057,784 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Saturday, September 27th. Finally, Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Down 0.4%

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

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping 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 business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter last year, the company earned $2.05 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict 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 Friday, October 31st. Stockholders of record on Friday, October 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, October 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.2%. Toronto Dominion Bank’s dividend payout ratio is 36.10%.

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.