Nexus Investment Management buys $30,165,987 stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Nexus Investment Management scooped up 2,710 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 6, 2016. The investment management firm now holds a total of 714,326 shares of Toronto-Dominion Bank which is valued at $30,165,987.Toronto-Dominion Bank makes up approximately 5.67% of Nexus Investment Management’s portfolio.

Other Hedge Funds, Including , New England Research Management sold out all of its stake in TD during the most recent quarter. The investment firm sold 17,500 shares of TD which is valued $753,025.Cullinan Associates Inc reduced its stake in TD by selling 118 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 8,600 shares of TD which is valued at $369,628. Toronto-Dominion Bank makes up approx 0.03% of Cullinan Associates Inc’s portfolio.

Toronto-Dominion Bank opened for trading at $42.53 and hit $42.66 on the upside on Monday, eventually ending the session at $42.33, with a gain of 0.24% or 0.1 points. The heightened volatility saw the trading volume jump to 16,70,059 shares. Company has a market cap of $78,459 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 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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