Mackenzie Financial Corp Sells 452,521 Shares of The Toronto-Dominion Bank (NYSE:TD)

Mackenzie Financial Corp lessened its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,833,039 shares of the bank's stock after selling 452,521 shares during the quarter. Toronto-Dominion Bank comprises approximately 2.7% of Mackenzie Financial Corp's portfolio, making the stock its 3rd largest position. Mackenzie Financial Corp owned about 1.57% of Toronto-Dominion Bank worth $1,799,354,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Strs Ohio raised its holdings in Toronto-Dominion Bank by 16.8% in the 4th quarter. Strs Ohio now owns 208,940 shares of the bank's stock valued at $13,566,000 after buying an additional 30,000 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Toronto-Dominion Bank by 18.2% in the 4th quarter. Vontobel Holding Ltd. now owns 129,919 shares of the bank's stock valued at $8,395,000 after acquiring an additional 20,023 shares during the period. Triasima Portfolio Management inc. raised its stake in shares of Toronto-Dominion Bank by 24.1% in the 4th quarter. Triasima Portfolio Management inc. now owns 1,290,611 shares of the bank's stock valued at $83,549,000 after acquiring an additional 250,330 shares during the period. Sprucegrove Investment Management Ltd. boosted its position in shares of Toronto-Dominion Bank by 78.3% during the 4th quarter. Sprucegrove Investment Management Ltd. now owns 1,015,700 shares of the bank's stock worth $65,635,000 after purchasing an additional 446,000 shares during the period. Finally, Crestwood Advisors Group LLC acquired a new stake in Toronto-Dominion Bank in the 4th quarter valued at approximately $236,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Wednesday, December 20th. Jefferies Financial Group started coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a "hold" rating for the company. Bank of America cut shares of Toronto-Dominion Bank from a "buy" rating to a "neutral" rating in a research report on Monday, December 18th. Finally, Barclays began coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating for the company. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and a consensus price target of $89.33.

Toronto-Dominion Bank Stock Down 0.5 %

NYSE:TD traded down $0.26 during mid-day trading on Monday, hitting $56.57. The stock had a trading volume of 2,388,373 shares, compared to its average volume of 2,946,278. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $66.15. The stock has a 50-day simple moving average of $59.55 and a two-hundred day simple moving average of $60.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $99.74 billion, a PE ratio of 12.09, a PEG ratio of 1.75 and a beta of 0.86.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. On average, equities research analysts anticipate that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Monday, April 8th. Toronto-Dominion Bank's dividend payout ratio is currently 30.56%.

Toronto-Dominion Bank 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.