Toronto Dominion Bank (The) $TD is Mackenzie Financial Corp’s 6th Largest Position

Mackenzie Financial Corp reduced its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 8.1% during the 3rd quarter, Holdings Channel reports. The firm owned 25,577,746 shares of the bank’s stock after selling 2,253,999 shares during the quarter. Toronto Dominion Bank makes up about 2.5% of Mackenzie Financial Corp’s holdings, making the stock its 6th largest holding. Mackenzie Financial Corp’s holdings in Toronto Dominion Bank were worth $2,044,750,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TD. Canada Pension Plan Investment Board lifted its holdings in shares of Toronto Dominion Bank by 18.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank’s stock valued at $917,832,000 after buying an additional 1,946,172 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Toronto Dominion Bank by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank’s stock worth $1,010,852,000 after purchasing an additional 115,203 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Toronto Dominion Bank during the 2nd quarter worth $267,475,000. Ontario Teachers Pension Plan Board increased its holdings in shares of Toronto Dominion Bank by 304.0% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 2,446,307 shares of the bank’s stock valued at $180,047,000 after purchasing an additional 1,840,747 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Toronto Dominion Bank by 236.4% during the third quarter. State of Wyoming now owns 25,765 shares of the bank’s stock worth $2,061,000 after buying an additional 18,105 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TD. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday, March 2nd. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Finally, Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Trading Up 0.5%

Shares of Toronto Dominion Bank stock opened at $95.84 on Wednesday. Toronto Dominion Bank has a 1 year low of $54.87 and a 1 year high of $99.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day moving average price of $95.47 and a 200 day moving average price of $86.85. The company has a market capitalization of $160.17 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.09 and a beta of 0.66.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.02 earnings per share. Sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be issued a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 34.81%.

About Toronto Dominion Bank

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.