Montrusco Bolton Investments Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Montrusco Bolton Investments reduced its stake in Toronto-Dominion Bank by 1.98% during the most recent quarter end. The investment management company now holds a total of 2,940,619 shares of Toronto-Dominion Bank which is valued at $130,416,453 after selling 59,345 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Toronto-Dominion Bank makes up approximately 10.21% of Montrusco Bolton Investments’s portfolio.

Toronto-Dominion Bank opened for trading at $44.31 and hit $44.64 on the upside on Friday, eventually ending the session at $44.35, with a gain of 0.36% or 0.16 points. The heightened volatility saw the trading volume jump to 13,32,431 shares. Company has a market cap of $82,105 M.

Other Hedge Funds, Including , Beutel Goodman Co Ltd. reduced its stake in TD by selling 1,105,926 shares or 4.25% in the most recent quarter. The Hedge Fund company now holds 24,929,356 shares of TD which is valued at $1,105,616,939. Toronto-Dominion Bank makes up approx 11.89% of Beutel Goodman Co Ltd.’s portfolio.Dorchester Wealth Management Co boosted its stake in TD in the latest quarter, The investment management firm added 758 additional shares and now holds a total of 286,482 shares of Toronto-Dominion Bank which is valued at $12,705,477. Toronto-Dominion Bank makes up approx 4.65% of Dorchester Wealth Management Co’s portfolio.Banced Corp reduced its stake in TD by selling 259 shares or 3.18% in the most recent quarter. The Hedge Fund company now holds 7,891 shares of TD which is valued at $341,286. Toronto-Dominion Bank makes up approx 0.59% of Banced Corp’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in TD by selling 1,750 shares or 7.73% in the most recent quarter. The Hedge Fund company now holds 20,880 shares of TD which is valued at $880,718. Toronto-Dominion Bank makes up approx 0.52% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

On the company’s financial health, Toronto-Dominion Bank reported $1.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $1.19. The company had revenue of $8564.00 million for the quarter, compared to analysts expectations of $7819.59 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS.

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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