Gulf International Bank (uk) Ltd buys $24,919,770 stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Gulf International Bank (uk) Ltd scooped up 7,200 additional shares in Toronto-Dominion Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 564,690 shares of Toronto-Dominion Bank which is valued at $24,919,770.Toronto-Dominion Bank makes up approximately 0.41% of Gulf International Bank (uk) Ltd’s portfolio.

Other Hedge Funds, Including , Forte Capital Adv reduced its stake in TD by selling 140 shares or 2.5% in the most recent quarter. The Hedge Fund company now holds 5,460 shares of TD which is valued at $240,950. Toronto-Dominion Bank makes up approx 0.09% of Forte Capital Adv’s portfolio.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.Cardinal Capital Management reduced its stake in TD by selling 34,295 shares or 2.62% in the most recent quarter. The Hedge Fund company now holds 1,275,569 shares of TD which is valued at $56,303,616. Toronto-Dominion Bank makes up approx 6.39% of Cardinal Capital Management’s portfolio.

Toronto-Dominion Bank closed down -0.29 points or -0.66% at $43.75 with 19,51,046 shares getting traded on Tuesday. Post opening the session at $44.15, the shares hit an intraday low of $43.55 and an intraday high of $44.2 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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