Toronto Dominion Bank (The) (NYSE:TD) is Mackenzie Financial Corp's 5th Largest Position

Key Points

• Mackenzie Financial Corp increased its stake in Toronto Dominion Bank by 4.5%, bringing its total ownership to approximately 29.25 million shares, valued at about $1.75 billion.
• Toronto Dominion Bank reported $1.39 earnings per share for the latest quarter, exceeding analyst expectations of $1.25, though it fell short on revenue expectations with $10.97 billion compared to a forecast of $13.36 billion.
• The bank has announced a quarterly dividend of $0.7568 per share, reflecting an increase from the previous dividend, which bolsters its annualized dividend to $3.03 and a yield of 4.04%.

Mackenzie Financial Corp increased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,252,736 shares of the bank's stock after buying an additional 1,262,062 shares during the period. Toronto Dominion Bank comprises approximately 2.5% of Mackenzie Financial Corp's portfolio, making the stock its 5th largest position. Mackenzie Financial Corp owned 1.69% of Toronto Dominion Bank worth $1,752,806,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TD. MFA Wealth Services boosted its position in shares of Toronto Dominion Bank by 4.5% during the first quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock valued at $250,000 after buying an additional 179 shares during the last quarter. Hexagon Capital Partners LLC raised its stake in Toronto Dominion Bank by 14.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock valued at $90,000 after acquiring an additional 190 shares during the period. JFS Wealth Advisors LLC grew its stake in Toronto Dominion Bank by 6.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock valued at $205,000 after buying an additional 194 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Toronto Dominion Bank by 14.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock worth $97,000 after buying an additional 202 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its stake in Toronto Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after buying an additional 230 shares during the period. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Stock Down 1.1%

NYSE:TD traded down $0.82 during trading hours on Thursday, reaching $72.74. 829,671 shares of the company traded hands, compared to its average volume of 2,145,776. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The business's 50-day moving average price is $72.00 and its two-hundred day moving average price is $63.99. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $75.58. The stock has a market capitalization of $125.14 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.66 and a beta of 0.83.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. The company had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same period in the prior year, the firm posted $2.04 EPS. Analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.7568 dividend. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Thursday, July 10th. Toronto Dominion Bank's payout ratio is presently 45.31%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TD shares. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Royal Bank Of Canada increased their target price on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. Finally, Scotiabank started coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Toronto Dominion Bank currently has an average rating of "Hold" and a consensus price target of $93.00.

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.