Dorchester Wealth Management Co Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Dorchester Wealth Management Co reduced its stake in Toronto-Dominion Bank by 1.73% during the most recent quarter end. The investment management company now holds a total of 281,577 shares of Toronto-Dominion Bank which is valued at $12,487,940 after selling 4,962 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Toronto-Dominion Bank makes up approximately 4.71% of Dorchester Wealth Management Co’s portfolio.

Other Hedge Funds, Including , Cwm reduced its stake in TD by selling 74 shares or 6.34% in the most recent quarter. The Hedge Fund company now holds 1,094 shares of TD which is valued at $48,519.Beutel Goodman Co Ltd. reduced its stake in TD by selling 151,860 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 26,137,096 shares of TD which is valued at $1,143,497,950. Toronto-Dominion Bank makes up approx 10.97% of Beutel Goodman Co Ltd.’s portfolio.Nexus Investment Management boosted its stake in TD in the latest quarter, The investment management firm added 16,445 additional shares and now holds a total of 730,771 shares of Toronto-Dominion Bank which is valued at $31,971,231. Toronto-Dominion Bank makes up approx 5.91% of Nexus Investment Management’s portfolio.Creative Planning boosted its stake in TD in the latest quarter, The investment management firm added 54,240 additional shares and now holds a total of 85,737 shares of Toronto-Dominion Bank which is valued at $3,750,994. Toronto-Dominion Bank makes up approx 0.02% of Creative Planning’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in TD by selling 100 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 20,866 shares of TD which is valued at $921,025. Toronto-Dominion Bank makes up approx 0.52% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

Toronto-Dominion Bank opened for trading at $44.37 and hit $44.57 on the upside on Friday, eventually ending the session at $44.35, with a gain of 0.50% or 0.22 points. The heightened volatility saw the trading volume jump to 13,55,079 shares. Company has a market cap of $82,260 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.

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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