Pcj Investment Counsel Ltd. Lowers stake in Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (TD) : Pcj Investment Counsel Ltd. reduced its stake in Toronto-Dominion Bank by 2.2% during the most recent quarter end. The investment management company now holds a total of 3,716,484 shares of Toronto-Dominion Bank which is valued at $163,785,450 after selling 83,518 shares in Toronto-Dominion Bank , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Toronto-Dominion Bank makes up approximately 9.21% of Pcj Investment Counsel Ltd.’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md reduced its stake in TD by selling 2,356,525 shares or 97.73% in the most recent quarter. The Hedge Fund company now holds 54,661 shares of TD which is valued at $2,408,910.Grantham Mayo Van Otterloo reduced its stake in TD by selling 538,634 shares or 43.85% in the most recent quarter. The Hedge Fund company now holds 689,608 shares of TD which is valued at $30,391,025. Toronto-Dominion Bank makes up approx 0.12% of Grantham Mayo Van Otterloo’s portfolio.Teachers Advisors Inc boosted its stake in TD in the latest quarter, The investment management firm added 2,562 additional shares and now holds a total of 2,820 shares of Toronto-Dominion Bank which is valued at $124,277.Blackrock Investment Management reduced its stake in TD by selling 239 shares or 16.75% in the most recent quarter. The Hedge Fund company now holds 1,188 shares of TD which is valued at $52,355. Princeton Alpha Management Lp sold out all of its stake in TD during the most recent quarter. The investment firm sold 5,728 shares of TD which is valued $247,392.

Toronto-Dominion Bank opened for trading at $44.49 and hit $44.97 on the upside on Thursday, eventually ending the session at $44.85, with a gain of 0.56% or 0.25 points. The heightened volatility saw the trading volume jump to 18,81,938 shares. Company has a market cap of $83,188 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. 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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