Scotia Capital buys $270.5 Million stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Scotia Capital scooped up 451,288 additional shares in Toronto-Dominion Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 6,242,214 shares of Toronto-Dominion Bank which is valued at $270.5 Million.Toronto-Dominion Bank makes up approximately 6.49% of Scotia Capital’s portfolio.

Other Hedge Funds, Including , Essex Financial Services reduced its stake in TD by selling 12,736 shares or 44.01% in the most recent quarter. The Hedge Fund company now holds 16,205 shares of TD which is valued at $702,163. Toronto-Dominion Bank makes up approx 0.17% of Essex Financial Services’s portfolio. Princeton Alpha Management Lp added TD to its portfolio by purchasing 5,728 company shares during the most recent quarter which is valued at $246,533. Toronto-Dominion Bank makes up approx 0.04% of Princeton Alpha Management Lp’s portfolio.Godsey Gibb Associates reduced its stake in TD by selling 3,546 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 272,420 shares of TD which is valued at $11.7 Million. Toronto-Dominion Bank makes up approx 2.25% of Godsey Gibb Associates’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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