Jones Collombin Investment Counsel Inc Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Jones Collombin Investment Counsel Inc reduced its stake in Toronto-Dominion Bank by 17.54% during the most recent quarter end. The investment management company now holds a total of 412,888 shares of Toronto-Dominion Bank which is valued at $18,373,516 after selling 87,850 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Toronto-Dominion Bank makes up approximately 5.07% of Jones Collombin Investment Counsel Inc’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 , 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. Strs Ohio sold out all of its stake in TD during the most recent quarter. The investment firm sold 100,000 shares of TD which is valued $4,435,000.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.

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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