Toronto Dominion Bk Ont (TD) Share Value Declined While Public Sector Pension Investment Board Has Raised by $170.43 Million Its Position

December 15, 2017 - By Stephen Andrade

Public Sector Pension Investment Board increased its stake in Toronto Dominion Bk Ont (TD) by 1363.48% based on its latest 2017Q2 regulatory filing with the SEC. Public Sector Pension Investment Board bought 3.41 million shares as the company’s stock declined 12.05% while stock markets rallied. The institutional investor held 3.66 million shares of the commercial banks company at the end of 2017Q2, valued at $184.10 million, up from 250,000 at the end of the previous reported quarter. Public Sector Pension Investment Board who had been investing in Toronto Dominion Bk Ont for a number of months, seems to be bullish on the $104.35 billion market cap company. The stock decreased 0.43% or $0.24 during the last trading session, reaching $55.96. About 564,046 shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 8.67% since December 15, 2016 and is uptrending. It has underperformed by 8.03% the S&P500.

Public Sector Pension Investment Board, which manages about $11.51 billion US Long portfolio, decreased its stake in Unitedhealth Group Inc (NYSE:UNH) by 112,036 shares to 109,969 shares, valued at $20.39 million in 2017Q2, according to the filing. It also reduced its holding in Waste Connections Inc by 562,189 shares in the quarter, leaving it with 528,333 shares, and cut its stake in Cigna Corporation (NYSE:CI).

More notable recent The Toronto-Dominion Bank (NYSE:TD) news were published by: Investorplace.com which released: “Wilting Quant Score Drops Toronto-Dominion Bank (TD) to Hold” on December 12, 2017, also Fool.com with their article: “Toronto Dominion Bank (TD) Q4 2017 Earnings Conference Call Transcript” published on December 01, 2017, Seekingalpha.com published: “TD Bank: A Long And Short-Term Bet” on December 04, 2017. More interesting news about The Toronto-Dominion Bank (NYSE:TD) were released by: Investorplace.com and their article: “Toronto-Dominion Bank (TD) Sees Rating Drop….. Wilting Industry Group Rank” published on December 05, 2017 as well as Seekingalpha.com‘s news article titled: “TD Bank down 2% after earnings miss” with publication date: November 30, 2017.

The 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 rating was downgraded by Credit Suisse to “Neutral” on Monday, September 21. The rating was maintained by RBC Capital Markets on Friday, August 28 with “Outperform”. The stock of The Toronto-Dominion Bank (NYSE:TD) earned “Sector Perform” rating by Scotia Capital on Friday, August 28. The firm has “Equal-Weight” rating given on Tuesday, May 23 by Barclays Capital. The rating was upgraded by National Bank Canada on Friday, September 1 to “Outperform”. The stock of The Toronto-Dominion Bank (NYSE:TD) has “Outperform” rating given on Monday, August 31 by BMO Capital Markets. The stock of The Toronto-Dominion Bank (NYSE:TD) earned “Buy” rating by Citigroup on Wednesday, September 14. As per Tuesday, May 3, the company rating was upgraded by Credit Suisse. IBC downgraded The Toronto-Dominion Bank (NYSE:TD) on Friday, August 26 to “Sector Performer” rating. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Monday, March 13 report.

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