Greystone Managed Investments Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Greystone Managed Investments reduced its stake in Toronto-Dominion Bank by 3.02% during the most recent quarter end. The investment management company now holds a total of 5,313,425 shares of Toronto-Dominion Bank which is valued at $230,443,242 after selling 165,283 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Toronto-Dominion Bank makes up approximately 9.01% of Greystone Managed Investments’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management reduced its stake in TD by selling 1,134 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 240,013 shares of TD which is valued at $10,598,974. Toronto-Dominion Bank makes up approx 0.03% of Eaton Vance Management’s portfolio.Davis-rea Ltd. reduced its stake in TD by selling 5,792 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 293,315 shares of TD which is valued at $12,744,537. Toronto-Dominion Bank makes up approx 8.25% of Davis-rea Ltd.’s portfolio.Cape Cod Five Cents Savings Bank boosted its stake in TD in the latest quarter, The investment management firm added 1,166 additional shares and now holds a total of 19,609 shares of Toronto-Dominion Bank which is valued at $859,070. Toronto-Dominion Bank makes up approx 0.15% of Cape Cod Five Cents Savings Bank’s portfolio.

Toronto-Dominion Bank opened for trading at $44.25 and hit $44.395 on the upside on Wednesday, eventually ending the session at $44.31, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 16,00,952 shares. Company has a market cap of $82,129 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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