Triasima Portfolio Management inc. Sells 127,122 Shares of The Toronto-Dominion Bank (NYSE:TD)

Triasima Portfolio Management inc. lowered its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 95.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,400 shares of the bank’s stock after selling 127,122 shares during the period. Triasima Portfolio Management inc.’s holdings in Toronto-Dominion Bank were worth $287,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its stake in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after acquiring an additional 200 shares during the period. Union Bancaire Privee UBP SA bought a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $58,000. Morse Asset Management Inc purchased a new position in Toronto-Dominion Bank in the 3rd quarter worth approximately $63,000. Finally, Eastern Bank bought a new stake in Toronto-Dominion Bank in the third quarter valued at approximately $66,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD opened at $57.98 on Friday. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The stock has a market capitalization of $101.49 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.86 and a beta of 0.84. The company’s 50-day moving average is $54.80 and its 200 day moving average is $57.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a $0.7482 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 5.16%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is currently 84.15%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong 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 price target of $80.50.

Toronto-Dominion Bank Company 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.