Guardian Capital Lp Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Guardian Capital Lp reduced its stake in Toronto-Dominion Bank by 0.16% during the most recent quarter end. The investment management company now holds a total of 10,411,334 shares of Toronto-Dominion Bank which is valued at $458,827,489 after selling 16,823 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Toronto-Dominion Bank makes up approximately 7.16% of Guardian Capital Lp’s portfolio.

Other Hedge Funds, Including , Massachusetts Financial Services Co reduced its stake in TD by selling 72,304 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 5,745,549 shares of TD which is valued at $253,206,344. Toronto-Dominion Bank makes up approx 0.12% of Massachusetts Financial Services Co’s portfolio. Spears Abacus Advisors sold out all of its stake in TD during the most recent quarter. The investment firm sold 6,389 shares of TD which is valued $281,563.Jones Collombin Investment Counsel Inc reduced its stake in TD by selling 20,773 shares or 5.03% in the most recent quarter. The Hedge Fund company now holds 392,115 shares of TD which is valued at $17,037,397. Toronto-Dominion Bank makes up approx 4.92% of Jones Collombin Investment Counsel Inc’s portfolio.Coastline Trust Co boosted its stake in TD in the latest quarter, The investment management firm added 6,270 additional shares and now holds a total of 84,585 shares of Toronto-Dominion Bank which is valued at $3,693,827. Toronto-Dominion Bank makes up approx 0.73% of Coastline Trust Co’s portfolio.Community Bank N.a. reduced its stake in TD by selling 100 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 14,450 shares of TD which is valued at $631,176. Toronto-Dominion Bank makes up approx 0.15% of Community Bank N.a.’s portfolio.

Toronto-Dominion Bank opened for trading at $44.09 and hit $44.65 on the upside on Monday, eventually ending the session at $44.63, with a gain of 1.18% or 0.52 points. The heightened volatility saw the trading volume jump to 17,28,812 shares. Company has a market cap of $82,780 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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