Mackenzie Financial Corp raised its position in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 166.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,264,327 shares of the bank’s stock after purchasing an additional 13,296,812 shares during the quarter. Toronto-Dominion Bank accounts for 3.0% of Mackenzie Financial Corp’s portfolio, making the stock its 4th largest position. Mackenzie Financial Corp’s holdings in Toronto-Dominion Bank were worth $1,245,664,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of TD. Teachers Advisors LLC lifted its holdings in shares of Toronto-Dominion Bank by 3.7% in the 2nd quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after buying an additional 92 shares during the period. Calton & Associates Inc. acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at about $141,000. Beacon Investment Advisory Services Inc. acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at about $203,000. Buckingham Asset Management LLC acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at about $204,000. Finally, ARGI Investment Services LLC acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at about $205,000. Institutional investors and hedge funds own 49.02% of the company’s stock.
Toronto-Dominion Bank (NYSE TD) opened at $58.96 on Wednesday. Toronto-Dominion Bank has a fifty-two week low of $45.18 and a fifty-two week high of $61.06. The company has a market capitalization of $108,429.35, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were given a $0.466 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.16%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 46.32%.
Several brokerages have recently issued reports on TD. Zacks Investment Research raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Friday, February 2nd. Bank of America upped their price target on Toronto-Dominion Bank from $71.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $83.00 price target on shares of Toronto-Dominion Bank in a report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Toronto-Dominion Bank presently has a consensus rating of “Buy” and an average target price of $77.00.
Toronto-Dominion Bank Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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