Toron Capital Markets Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Toron Capital Markets reduced its stake in Toronto-Dominion Bank by 8.83% during the most recent quarter end. The investment management company now holds a total of 3,990,644 shares of Toronto-Dominion Bank which is valued at $171,757,318 after selling 386,499 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on May 2, 2016.Toronto-Dominion Bank makes up approximately 10.25% of Toron Capital Markets’s portfolio.

Toronto-Dominion Bank closed down -0.2 points or -0.46% at $43.04 with 15,48,196 shares getting traded on Friday. Post opening the session at $42.84, the shares hit an intraday low of $42.74 and an intraday high of $43.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Agf Investments boosted its stake in TD in the latest quarter, The investment management firm added 58,271 additional shares and now holds a total of 2,548,756 shares of Toronto-Dominion Bank which is valued at $109,698,458. Toronto-Dominion Bank makes up approx 1.31% of Agf Investments’s portfolio.Wealthtrust Axiom boosted its stake in TD in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 51,301 shares of Toronto-Dominion Bank which is valued at $2,282,895. Toronto-Dominion Bank makes up approx 0.87% of Wealthtrust Axiom’s portfolio.Wright Investors Service Inc reduced its stake in TD by selling 2,684 shares or 7.56% in the most recent quarter. The Hedge Fund company now holds 32,798 shares of TD which is valued at $1,459,511. Toronto-Dominion Bank makes up approx 0.58% of Wright Investors Service Inc’s portfolio.Highstreet Asset Management reduced its stake in TD by selling 32,461 shares or 10.89% in the most recent quarter. The Hedge Fund company now holds 265,547 shares of TD which is valued at $11,777,009. Toronto-Dominion Bank makes up approx 4.17% of Highstreet Asset Management’s portfolio.Randolph Co Inc boosted its stake in TD in the latest quarter, The investment management firm added 9,600 additional shares and now holds a total of 192,200 shares of Toronto-Dominion Bank which is valued at $8,524,070. Toronto-Dominion Bank makes up approx 1.88% of Randolph Co Inc’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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