Taylor Asset Management Inc Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Taylor Asset Management Inc reduced its stake in Toronto-Dominion Bank by 8.07% during the most recent quarter end. The investment management company now holds a total of 723,300 shares of Toronto-Dominion Bank which is valued at $31.3 Million after selling 63,500 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on May 11, 2016.Toronto-Dominion Bank makes up approximately 8.06% of Taylor Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Ridgeworth Capital Management sold out all of its stake in TD during the most recent quarter. The investment firm sold 620 shares of TD which is valued $26,865.Bronfman E.l. Rothschild boosted its stake in TD in the latest quarter, The investment management firm added 464 additional shares and now holds a total of 7,428 shares of Toronto-Dominion Bank which is valued at $319,701. Toronto-Dominion Bank makes up approx 0.06% of Bronfman E.l. Rothschild’s portfolio.Hall Laurie J Trustee reduced its stake in TD by selling 200 shares or 10.81% in the most recent quarter. The Hedge Fund company now holds 1,650 shares of TD which is valued at $73,425. Toronto-Dominion Bank makes up approx 0.04% of Hall Laurie J Trustee’s portfolio. Van Hulzen Asset Management added TD to its portfolio by purchasing 17,895 company shares during the most recent quarter which is valued at $796,328. Toronto-Dominion Bank makes up approx 0.46% of Van Hulzen Asset Management’s portfolio.

Toronto-Dominion Bank opened for trading at $43.32 and hit $43.82 on the upside on Monday, eventually ending the session at $43.61, with a gain of 0.65% or 0.28 points. The heightened volatility saw the trading volume jump to 14,56,582 shares. Company has a market cap of $80,735 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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