I.g. Investment Management Ltd. Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : I.g. Investment Management Ltd. reduced its stake in Toronto-Dominion Bank by 4.53% during the most recent quarter end. The investment management company now holds a total of 26,737,535 shares of Toronto-Dominion Bank which is valued at $1,158.5 Million after selling 1,267,268 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on May 13, 2016.Toronto-Dominion Bank makes up approximately 4.65% of I.g. Investment Management Ltd.’s portfolio.

Other Hedge Funds, Including , Security National Bank Of So Dak boosted its stake in TD in the latest quarter, The investment management firm added 1,602 additional shares and now holds a total of 15,958 shares of Toronto-Dominion Bank which is valued at $691,460. Toronto-Dominion Bank makes up approx 0.97% of Security National Bank Of So Dak’s portfolio. Counsel Portfolio Services sold out all of its stake in TD during the most recent quarter. The investment firm sold 405,702 shares of TD which is valued $17.6 Million.Waratah Capital Advisors Ltd. boosted its stake in TD in the latest quarter, The investment management firm added 18,960 additional shares and now holds a total of 24,180 shares of Toronto-Dominion Bank which is valued at $1 Million. Toronto-Dominion Bank makes up approx 0.20% of Waratah Capital Advisors Ltd.’s portfolio. Cedar Wealth Management added TD to its portfolio by purchasing 330 company shares during the most recent quarter which is valued at $14,685. Toronto-Dominion Bank makes up approx 0.01% of Cedar Wealth Management’s portfolio.Whitnell boosted its stake in TD in the latest quarter, The investment management firm added 218 additional shares and now holds a total of 408 shares of Toronto-Dominion Bank which is valued at $18,156. Toronto-Dominion Bank makes up approx 0.01% of Whitnell’s portfolio.

Toronto-Dominion Bank opened for trading at $43.55 and hit $44.2 on the upside on Wednesday, eventually ending the session at $44.09, with a gain of 1.75% or 0.76 points. The heightened volatility saw the trading volume jump to 18,37,420 shares. Company has a market cap of $81,624 M.

On the company’s financial health, Toronto-Dominion Bank reported $1.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 26, 2016. Analyst had a consensus of $1.17. The company had revenue of $8259.00 million for the quarter, compared to analysts expectations of $7997.58 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.

Many Wall Street Analysts have commented on Toronto-Dominion Bank. Toronto-Dominion Bank was Upgraded by Credit Suisse to ” Outperform” on May 3, 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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