Mackenzie Financial Corp Raises Holdings in The Toronto-Dominion Bank (NYSE:TD)

Mackenzie Financial Corp boosted its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,990,674 shares of the bank's stock after purchasing an additional 1,491,472 shares during the quarter. Toronto-Dominion Bank makes up approximately 1.9% of Mackenzie Financial Corp's holdings, making the stock its 7th biggest position. Mackenzie Financial Corp owned 1.60% of Toronto-Dominion Bank worth $1,488,233,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TD. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Royal Bank of Canada boosted their target price on Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research report on Friday. Scotiabank initiated coverage on Toronto-Dominion Bank in a research report on Thursday, May 15th. They issued a "sector perform" rating for the company. Finally, Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday. One research 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto-Dominion Bank Trading Up 0.7%

NYSE:TD traded up $0.49 during midday trading on Tuesday, hitting $68.19. The stock had a trading volume of 1,578,547 shares, compared to its average volume of 2,370,459. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average of $61.54 and a 200 day moving average of $58.23. The company has a market capitalization of $118.37 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $68.74.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same quarter last year, the firm posted $2.04 earnings per share. As a group, sell-side analysts forecast that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 annualized dividend and a dividend yield of 4.44%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.73. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 42.67%.

About Toronto-Dominion Bank

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.