Davis-rea Ltd. Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Davis-rea Ltd. reduced its stake in Toronto-Dominion Bank by 34.45% during the most recent quarter end. The investment management company now holds a total of 299,107 shares of Toronto-Dominion Bank which is valued at $13,310,262 after selling 157,179 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Toronto-Dominion Bank makes up approximately 8.94% of Davis-rea Ltd.’s portfolio.

Toronto-Dominion Bank closed down -0.07 points or -0.16% at $44.43 with 13,07,188 shares getting traded on Monday. Post opening the session at $44.6, the shares hit an intraday low of $44.21 and an intraday high of $44.73 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Huntington National Bank sold out all of its stake in TD during the most recent quarter. The investment firm sold 270 shares of TD which is valued $12,015.Hudson Valley Investment Advisors Inc Adv reduced its stake in TD by selling 5,450 shares or 18.15% in the most recent quarter. The Hedge Fund company now holds 24,575 shares of TD which is valued at $1,093,588. Toronto-Dominion Bank makes up approx 0.35% of Hudson Valley Investment Advisors Inc Adv’s portfolio.Bridges Investment Management Inc boosted its stake in TD in the latest quarter, The investment management firm added 4,671 additional shares and now holds a total of 20,750 shares of Toronto-Dominion Bank which is valued at $920,263. Toronto-Dominion Bank makes up approx 0.16% of Bridges Investment Management Inc’s portfolio.Yhb Investment Advisors reduced its stake in TD by selling 374 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 21,192 shares of TD which is valued at $939,865. Toronto-Dominion Bank makes up approx 0.25% of Yhb Investment Advisors’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.

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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