Addenda Capital Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Addenda Capital reduced its stake in Toronto-Dominion Bank by 0.26% during the most recent quarter end. The investment management company now holds a total of 2,111,125 shares of Toronto-Dominion Bank which is valued at $93,037,279 after selling 5,580 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Toronto-Dominion Bank makes up approximately 7.31% of Addenda Capital’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in TD in the latest quarter, The investment management firm added 89,914 additional shares and now holds a total of 420,221 shares of Toronto-Dominion Bank which is valued at $18,224,985. Toronto-Dominion Bank makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Central Trust Co reduced its stake in TD by selling 2,125 shares or 9.21% in the most recent quarter. The Hedge Fund company now holds 20,952 shares of TD which is valued at $925,240. Toronto-Dominion Bank makes up approx 0.07% of Central Trust Co’s portfolio. Mn Services Vermogensbeheer B.v. sold out all of its stake in TD during the most recent quarter. The investment firm sold 46,474 shares of TD which is valued $2,007,212.

Toronto-Dominion Bank closed down -0.29 points or -0.65% at $44.16 with 13,99,244 shares getting traded on Friday. Post opening the session at $44.24, the shares hit an intraday low of $43.87 and an intraday high of $44.27 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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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