Acadian Asset Management Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Acadian Asset Management reduced its stake in Toronto-Dominion Bank by 44.98% during the most recent quarter end. The investment management company now holds a total of 3,994,830 shares of Toronto-Dominion Bank which is valued at $174,454,226 after selling 3,266,300 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Toronto-Dominion Bank makes up approximately 0.86% of Acadian Asset Management’s portfolio.

Other Hedge Funds, Including , Boston Common Asset Management boosted its stake in TD in the latest quarter, The investment management firm added 3,505 additional shares and now holds a total of 66,895 shares of Toronto-Dominion Bank which is valued at $2,921,305. Toronto-Dominion Bank makes up approx 0.42% of Boston Common Asset Management’s portfolio.Davis R M Inc reduced its stake in TD by selling 800 shares or 5.04% in the most recent quarter. The Hedge Fund company now holds 15,086 shares of TD which is valued at $658,956. Toronto-Dominion Bank makes up approx 0.03% of Davis R M Inc’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.Creative Planning reduced its stake in TD by selling 6,646 shares or 17.42% in the most recent quarter. The Hedge Fund company now holds 31,497 shares of TD which is valued at $1,369,175. Toronto-Dominion Bank makes up approx 0.01% of Creative Planning’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.

Toronto-Dominion Bank opened for trading at $43.52 and hit $43.71 on the upside on Wednesday, eventually ending the session at $43.67, with a gain of 0.30% or 0.13 points. The heightened volatility saw the trading volume jump to 9,74,515 shares. Company has a market cap of $80,942 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. Toronto-Dominion Bank was Upgraded by Credit Suisse to ” Outperform” on May 3, 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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