As Toronto Dominion Bk Ont (TD) Market Value Declined, Holder Bank Of Nova Scotia Trust Company Cut Its Holding

October 13, 2017 - By Henry Gaston

Bank Of Nova Scotia Trust Company decreased its stake in Toronto Dominion Bk Ont (TD) by 12.89% based on its latest 2017Q2 regulatory filing with the SEC. Bank Of Nova Scotia Trust Company sold 167,642 shares as the company’s stock declined 12.05% while stock markets rallied. The institutional investor held 1.13 million shares of the commercial banks company at the end of 2017Q2, valued at $57.10 million, down from 1.30M at the end of the previous reported quarter. Bank Of Nova Scotia Trust Company who had been investing in Toronto Dominion Bk Ont for a number of months, seems to be less bullish one the $105.16 billion market cap company. The stock declined 0.02% or $0.01 reaching $56.9 per share. About 1.05 million shares traded. Toronto-Dominion Bank (NYSE:TD) has risen 8.67% since October 13, 2016 and is uptrending. It has underperformed by 8.03% the S&P500.

Wall Street await Toronto-Dominion Bank (NYSE:TD) to release earnings on December, 7. Analysts forecast EPS of $1.12, up exactly $0.19 or 20.43 % from 2014’s $0.93 EPS. The expected TD’s profit could reach $2.07B giving the stock 12.70 P/E in the case that $1.12 earnings per share is reported. After posting $1.14 EPS for the previous quarter, Toronto-Dominion Bank’s analysts now forecast -1.75 % negative EPS growth.

More notable recent Toronto-Dominion Bank (NYSE:TD) news were published by: Prnewswire.com which released: “Breakfast Technical Briefing on Banking Stocks — Toronto-Dominion Bank, Bank …” on October 13, 2017, also Fool.ca with their article: “Why Toronto-Dominion Bank Remains 1 of the Best Financials Options on the TSX” published on September 29, 2017, Investorplace.com published: “Buy Rating on Toronto-Dominion Bank (TD) Shares Kept” on October 10, 2017. More interesting news about Toronto-Dominion Bank (NYSE:TD) were released by: Nasdaq.com and their article: “Why Toronto Dominion Bank (TD) Could Be Positioned for a Surge?” published on September 15, 2017 as well as Bloomberg.com‘s news article titled: “Bank of Montreal and Toronto-Dominion Lead Peers in Pot Accounts” with publication date: October 05, 2017.

Toronto-Dominion Bank (NYSE:TD) Ratings Coverage

Among 10 analysts covering TD Bank (NYSE:TD), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. TD Bank had 22 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Toronto-Dominion Bank (NYSE:TD) has “Equal-Weight” rating given on Tuesday, May 23 by Barclays Capital. Credit Suisse upgraded the shares of TD in report on Tuesday, May 3 to “Outperform” rating. The rating was upgraded by National Bank Canada on Friday, September 1 to “Outperform”. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, August 28 report. As per Friday, August 28, the company rating was maintained by RBC Capital Markets. The firm earned “Sector Perform” rating on Monday, March 13 by RBC Capital Markets. On Tuesday, November 1 the stock rating was initiated by Bank of America with “Buy”. As per Wednesday, September 14, the company rating was maintained by Citigroup. The firm has “Outperform” rating given on Monday, August 31 by BMO Capital Markets. The stock of Toronto-Dominion Bank (NYSE:TD) earned “Neutral” rating by Credit Suisse on Monday, September 21.

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