The Toronto-Dominion Bank (NYSE:TD) is Mackenzie Financial Corp's 7th Largest Position

Mackenzie Financial Corp lifted its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,990,674 shares of the bank's stock after buying an additional 1,491,472 shares during the quarter. Toronto-Dominion Bank makes up about 1.9% of Mackenzie Financial Corp's holdings, making the stock its 7th biggest holding. Mackenzie Financial Corp owned 1.60% of Toronto-Dominion Bank worth $1,488,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asahi Life Asset Management CO. LTD. purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth $416,000. Vanguard Group Inc. raised its holdings in Toronto-Dominion Bank by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after acquiring an additional 1,415,934 shares during the period. JPMorgan Chase & Co. raised its holdings in Toronto-Dominion Bank by 3.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock valued at $384,042,000 after acquiring an additional 236,037 shares during the period. Nicola Wealth Management LTD. raised its holdings in Toronto-Dominion Bank by 15.5% during the fourth quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock valued at $27,153,000 after acquiring an additional 68,400 shares during the period. Finally, Te Ahumairangi Investment Management Ltd raised its holdings in Toronto-Dominion Bank by 21.2% during the fourth quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock valued at $3,383,000 after acquiring an additional 11,100 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

Shares of TD stock traded up $0.48 during trading hours on Thursday, hitting $68.59. The stock had a trading volume of 697,019 shares, compared to its average volume of 2,231,727. The stock's 50-day moving average price is $61.87 and its two-hundred day moving average price is $58.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $68.74. The stock has a market capitalization of $119.06 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.95 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.14. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. The company had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $13.36 billion. During the same period in the previous year, the firm posted $2.04 earnings per share. Equities analysts forecast that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a yield of 4.41%. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's payout ratio is presently 42.67%.

Analyst Upgrades and Downgrades

TD has been the topic of a number of recent analyst reports. Scotiabank initiated coverage on Toronto-Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating on the stock. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Wall Street Zen raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Royal Bank of Canada lifted their target price on Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $93.00.

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.