Scotia Capital Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Scotia Capital reduced its stake in Toronto-Dominion Bank by 1.35% during the most recent quarter end. The investment management company now holds a total of 6,157,932 shares of Toronto-Dominion Bank which is valued at $271,380,063 after selling 84,282 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Toronto-Dominion Bank makes up approximately 5.89% of Scotia Capital’s portfolio.

Other Hedge Funds, Including , Quadrature Capital Ltd added TD to its portfolio by purchasing 277,800 company shares during the most recent quarter which is valued at $12,242,646. Toronto-Dominion Bank makes up approx 0.86% of Quadrature Capital Ltd’s portfolio. Massmutual Trust Co Fsbadv sold out all of its stake in TD during the most recent quarter. The investment firm sold 174 shares of TD which is valued $7,668.Highstreet Asset Management boosted its stake in TD in the latest quarter, The investment management firm added 60,002 additional shares and now holds a total of 325,549 shares of Toronto-Dominion Bank which is valued at $14,145,104. Toronto-Dominion Bank makes up approx 4.83% of Highstreet Asset Management’s portfolio.Cape Cod Five Cents Savings Bank boosted its stake in TD in the latest quarter, The investment management firm added 1,166 additional shares and now holds a total of 19,609 shares of Toronto-Dominion Bank which is valued at $859,070. Toronto-Dominion Bank makes up approx 0.15% of Cape Cod Five Cents Savings Bank’s portfolio.

Toronto-Dominion Bank opened for trading at $44.21 and hit $44.565 on the upside on Tuesday, eventually ending the session at $44.26, with a gain of 0.77% or 0.34 points. The heightened volatility saw the trading volume jump to 15,69,924 shares. Company has a market cap of $82,036 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 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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