Toronto Dominion Bank (The) $TD Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 27,831,745 shares of the bank’s stock after selling 1,420,991 shares during the quarter. Toronto Dominion Bank makes up about 2.7% of Mackenzie Financial Corp’s portfolio, making the stock its 3rd largest position. Mackenzie Financial Corp’s holdings in Toronto Dominion Bank were worth $2,048,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TD. Vanguard Group Inc. lifted its holdings in shares of Toronto Dominion Bank by 3.4% during the second quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock worth $5,677,291,000 after buying an additional 2,552,603 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Toronto Dominion Bank by 0.9% in the second quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock worth $2,742,748,000 after acquiring an additional 329,429 shares during the last quarter. Norges Bank bought a new position in Toronto Dominion Bank during the second quarter worth $1,543,639,000. Federation des caisses Desjardins du Quebec raised its stake in Toronto Dominion Bank by 48.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock valued at $886,174,000 after purchasing an additional 4,853,498 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Toronto Dominion Bank by 20.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock valued at $1,053,292,000 after purchasing an additional 2,366,324 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $84.21 on Friday. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $84.06. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The stock has a market cap of $142.27 billion, a P/E ratio of 9.84, a PEG ratio of 1.68 and a beta of 0.79. The company’s 50-day simple moving average is $80.86 and its 200 day simple moving average is $75.43.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on TD shares. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.