Greystone Managed Investments Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Greystone Managed Investments reduced its stake in Toronto-Dominion Bank by 6.24% during the most recent quarter end. The investment management company now holds a total of 5,478,708 shares of Toronto-Dominion Bank which is valued at $237.4 Million after selling 364,866 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on May 12, 2016.Toronto-Dominion Bank makes up approximately 8.94% of Greystone Managed Investments’s portfolio.

Other Hedge Funds, Including , Amf Pensionsforsakring Ab boosted its stake in TD in the latest quarter, The investment management firm added 122,664 additional shares and now holds a total of 1,367,363 shares of Toronto-Dominion Bank which is valued at $59.2 Million. Toronto-Dominion Bank makes up approx 0.78% of Amf Pensionsforsakring Ab’s portfolio.Kcm Investment Advisors reduced its stake in TD by selling 1,119 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 92,636 shares of TD which is valued at $4 Million. Toronto-Dominion Bank makes up approx 0.30% of Kcm Investment Advisors’s portfolio.Bks Advisors reduced its stake in TD by selling 690 shares or 6.99% in the most recent quarter. The Hedge Fund company now holds 9,177 shares of TD which is valued at $397,639. Toronto-Dominion Bank makes up approx 0.21% of Bks Advisors’s portfolio. Banque Pictet Cie Sa added TD to its portfolio by purchasing 4,935 company shares during the most recent quarter which is valued at $212,402. Toronto-Dominion Bank makes up approx 0.01% of Banque Pictet Cie Sa’s portfolio.Welch Forbes reduced its stake in TD by selling 12,383 shares or 3.12% in the most recent quarter. The Hedge Fund company now holds 384,719 shares of TD which is valued at $16.6 Million. Toronto-Dominion Bank makes up approx 0.52% of Welch Forbes’s portfolio.

Toronto-Dominion Bank opened for trading at $43.01 and hit $43.24 on the upside on Friday, eventually ending the session at $43.07, with a gain of 0.35% or 0.15 points. The heightened volatility saw the trading volume jump to 12,41,007 shares. Company has a market cap of $79,735 M.

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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