M&r Capital Management Inc buys $6,925,821 stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : M&r Capital Management Inc scooped up 3,408 additional shares in Toronto-Dominion Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 157,155 shares of Toronto-Dominion Bank which is valued at $6,925,821.Toronto-Dominion Bank makes up approximately 1.75% of M&r Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Trexquant Investment Lp boosted its stake in TD in the latest quarter, The investment management firm added 37,100 additional shares and now holds a total of 45,500 shares of Toronto-Dominion Bank which is valued at $2,005,185. Toronto-Dominion Bank makes up approx 0.25% of Trexquant Investment Lp’s portfolio.Rathbone Brothers Plc reduced its stake in TD by selling 261 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 53,574 shares of TD which is valued at $2,303,682. Toronto-Dominion Bank makes up approx 0.12% of Rathbone Brothers Plc’s portfolio. Bremer Trust National Association added TD to its portfolio by purchasing 4,931 company shares during the most recent quarter which is valued at $214,252. Toronto-Dominion Bank makes up approx 0.06% of Bremer Trust National Association’s portfolio.Hexavest reduced its stake in TD by selling 22,590 shares or 7.17% in the most recent quarter. The Hedge Fund company now holds 292,269 shares of TD which is valued at $12,766,310. Toronto-Dominion Bank makes up approx 0.19% of Hexavest’s portfolio.

Toronto-Dominion Bank closed down -0.29 points or -0.65% at $44.16 with 13,99,244 shares getting traded on Friday. Post opening the session at $44.24, the shares hit an intraday low of $43.87 and an intraday high of $44.27 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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