Baskin Financial Services buys $10,844,729 stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Baskin Financial Services scooped up 6,782 additional shares in Toronto-Dominion Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 252,203 shares of Toronto-Dominion Bank which is valued at $10,844,729.Toronto-Dominion Bank makes up approximately 2.94% of Baskin Financial Services’s portfolio.

Other Hedge Funds, Including , Cidel Asset Management Inc reduced its stake in TD by selling 352,037 shares or 8.82% in the most recent quarter. The Hedge Fund company now holds 3,638,607 shares of TD which is valued at $156,460,101. Toronto-Dominion Bank makes up approx 8.82% of Cidel Asset Management Inc’s portfolio.Neville Rodie Shaw Inc reduced its stake in TD by selling 282 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 21,990 shares of TD which is valued at $955,905. Toronto-Dominion Bank makes up approx 0.11% of Neville Rodie Shaw Inc’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in TD by selling 53,317 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 2,303,863 shares of TD which is valued at $100,148,925. Toronto-Dominion Bank makes up approx 0.92% of Nn Investment Partners Holdings N.v.’s portfolio. Ct Mason sold out all of its stake in TD during the most recent quarter. The investment firm sold 8,120 shares of TD which is valued $342,908.Next Financial Group Inc reduced its stake in TD by selling 500 shares or 34.48% in the most recent quarter. The Hedge Fund company now holds 950 shares of TD which is valued at $40,119. Toronto-Dominion Bank makes up approx 0.01% of Next Financial Group Inc’s portfolio.

Toronto-Dominion Bank opened for trading at $43.25 and hit $43.43 on the upside on Monday, eventually ending the session at $43.37, with a gain of 0.42% or 0.18 points. The heightened volatility saw the trading volume jump to 10,20,038 shares. Company has a market cap of $80,386 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.

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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