Mackenzie Financial Corp adds Toronto-Dominion Bank (TD) to its portfolio

Toronto-Dominion Bank (TD) : Mackenzie Financial Corp added new position in Toronto-Dominion Bank during the most recent quarter end. The investment management firm now holds 9,809,472 shares of Toronto-Dominion Bank which is valued at $432,303,431 , the company said in a statement filed on Aug 12, 2016 with the SEC.Toronto-Dominion Bank makes up approximately 2.35% of Mackenzie Financial Corp’s portfolio.

Other Hedge Funds, Including , Raab Moskowitz Asset Management reduced its stake in TD by selling 2,367 shares or 9.15% in the most recent quarter. The Hedge Fund company now holds 23,492 shares of TD which is valued at $1,035,292. Toronto-Dominion Bank makes up approx 0.57% of Raab Moskowitz Asset Management’s portfolio.Credit Agricole S A boosted its stake in TD in the latest quarter, The investment management firm added 99,561 additional shares and now holds a total of 862,292 shares of Toronto-Dominion Bank which is valued at $38,001,208. Toronto-Dominion Bank makes up approx 0.14% of Credit Agricole S A’s portfolio. Accident Compensation Corp sold out all of its stake in TD during the most recent quarter. The investment firm sold 4,000 shares of TD which is valued $172,760.Wright Investors Service Inc reduced its stake in TD by selling 6,977 shares or 21.27% in the most recent quarter. The Hedge Fund company now holds 25,821 shares of TD which is valued at $1,110,303. Toronto-Dominion Bank makes up approx 0.44% of Wright Investors Service Inc’s portfolio.

Toronto-Dominion Bank opened for trading at $44.09 and hit $44.65 on the upside on Monday, eventually ending the session at $44.63, with a gain of 1.18% or 0.52 points. The heightened volatility saw the trading volume jump to 17,28,812 shares. Company has a market cap of $82,780 M.

On the company’s financial health, Toronto-Dominion Bank reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $1.21. The company had revenue of $8701.00 million for the quarter, compared to analysts expectations of $8082.08 million. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.

Many Wall Street Analysts have commented on Toronto-Dominion Bank. Toronto-Dominion Bank was Downgraded by CIBC to ” Sector Perform” on Aug 26, 2016. Toronto-Dominion Bank was Resumed by BofA/Merrill to “Buy” on Jul 12, 2016.

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments such as Canadian Retail U.S. Retail Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses including credit cards auto finance wealth and insurance businesses. U.S. Retail consists of the Bank’s retail and commercial banking operations operating under the brand TD Bank America’s Most Convenient Bank and wealth management services in the United States. Wholesale Banking provides a range of capital markets investment banking and corporate banking products and services including underwriting and distribution of new debt and equity issues providing advice on strategic acquisitions and divestitures and meeting the daily trading funding and investment needs of its clients. The Bank is also an online financial services firm.

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