K.j. Harrison Partners Inc Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : K.j. Harrison Partners Inc reduced its stake in Toronto-Dominion Bank by 18.02% during the most recent quarter end. The investment management company now holds a total of 86,082 shares of Toronto-Dominion Bank which is valued at $3,830,649 after selling 18,916 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 2.00% of K.j. Harrison Partners 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 , Advisory Services Network added TD to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $887.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.Coastline Trust Co boosted its stake in TD in the latest quarter, The investment management firm added 2,845 additional shares and now holds a total of 78,315 shares of Toronto-Dominion Bank which is valued at $3,387,124. Toronto-Dominion Bank makes up approx 0.72% of Coastline Trust Co’s portfolio.Acadian Asset Management reduced its stake in TD by selling 93,642 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 7,261,130 shares of TD which is valued at $314,043,873. Toronto-Dominion Bank makes up approx 1.58% of Acadian Asset Management’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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