Godsey Gibb Associates buys $12,448,673 stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Godsey Gibb Associates scooped up 10,055 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 11, 2016. The investment management firm now holds a total of 282,475 shares of Toronto-Dominion Bank which is valued at $12,448,673.Toronto-Dominion Bank makes up approximately 2.19% of Godsey Gibb Associates’s portfolio.

Other Hedge Funds, Including , Hightower Advisors reduced its stake in TD by selling 1,104 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 81,748 shares of TD which is valued at $3,602,634. Toronto-Dominion Bank makes up approx 0.04% of Hightower Advisors’s portfolio.Condor Capital Management reduced its stake in TD by selling 1,000 shares or 11.25% in the most recent quarter. The Hedge Fund company now holds 7,890 shares of TD which is valued at $340,769. Toronto-Dominion Bank makes up approx 0.08% of Condor Capital Management’s portfolio.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.Trust Co Of Vermont reduced its stake in TD by selling 11,865 shares or 17.46% in the most recent quarter. The Hedge Fund company now holds 56,109 shares of TD which is valued at $2,450,280. Toronto-Dominion Bank makes up approx 0.32% of Trust Co Of Vermont’s portfolio.Hexavest reduced its stake in TD by selling 22,590 shares or 7.17% in the most recent quarter. The Hedge Fund company now holds 292,269 shares of TD which is valued at $12,766,310. Toronto-Dominion Bank makes up approx 0.19% of Hexavest’s portfolio.

Toronto-Dominion Bank opened for trading at $44.21 and hit $44.565 on the upside on Tuesday, eventually ending the session at $44.26, with a gain of 0.77% or 0.34 points. The heightened volatility saw the trading volume jump to 15,69,924 shares. Company has a market cap of $82,036 M.

On the company’s financial health, Toronto-Dominion Bank reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $1.21. The company had revenue of $8701.00 million for the quarter, compared to analysts expectations of $8082.08 million. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.

Many Wall Street Analysts have commented on Toronto-Dominion Bank. Toronto-Dominion Bank was Downgraded by CIBC to ” Sector Perform” on Aug 26, 2016. 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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