Montrusco Bolton Investments buys $163,959,444 stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Montrusco Bolton Investments scooped up 832,901 additional shares in Toronto-Dominion Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 3,773,520 shares of Toronto-Dominion Bank which is valued at $163,959,444.Toronto-Dominion Bank makes up approximately 10.01% of Montrusco Bolton Investments’s portfolio.

Other Hedge Funds, Including , Albert D Mason Inc boosted its stake in TD in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 62,202 shares of Toronto-Dominion Bank which is valued at $2,716,361. Toronto-Dominion Bank makes up approx 1.66% of Albert D Mason Inc’s portfolio.Simplex Trading reduced its stake in TD by selling 11,735 shares or 43.3% in the most recent quarter. The Hedge Fund company now holds 15,365 shares of TD which is valued at $670,990. Toronto-Dominion Bank makes up approx 0.08% of Simplex Trading’s portfolio.Burns J W Co Incny reduced its stake in TD by selling 586 shares or 9.45% in the most recent quarter. The Hedge Fund company now holds 5,617 shares of TD which is valued at $245,351. Toronto-Dominion Bank makes up approx 0.07% of Burns J W Co Incny’s portfolio.Gradient Investments reduced its stake in TD by selling 207 shares or 93.67% in the most recent quarter. The Hedge Fund company now holds 14 shares of TD which is valued at $612.

Toronto-Dominion Bank opened for trading at $43.52 and hit $43.71 on the upside on Wednesday, eventually ending the session at $43.67, with a gain of 0.30% or 0.13 points. The heightened volatility saw the trading volume jump to 9,74,515 shares. Company has a market cap of $80,942 M.

On the company’s financial health, Toronto-Dominion Bank reported $1.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 26, 2016. Analyst had a consensus of $1.17. The company had revenue of $8259.00 million for the quarter, compared to analysts expectations of $7997.58 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.

Many Wall Street Analysts have commented on Toronto-Dominion Bank. Toronto-Dominion Bank was Resumed by BofA/Merrill to “Buy” on Jul 12, 2016. 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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