Toronto Dominion Bk Ont (TD) Shareholder 1832 Asset Management LP Decreased Its Position by $51.63 Million

May 16, 2018 - By Adrian Mccoy

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1832 Asset Management Lp decreased its stake in Toronto Dominion Bk Ont (TD) by 4.38% based on its latest 2017Q4 regulatory filing with the SEC. 1832 Asset Management Lp sold 890,206 shares as the company’s stock declined 1.92% with the market. The institutional investor held 19.44M shares of the commercial banks company at the end of 2017Q4, valued at $1.14 billion, down from 20.33 million at the end of the previous reported quarter. 1832 Asset Management Lp who had been investing in Toronto Dominion Bk Ont for a number of months, seems to be less bullish one the $108.51B market cap company. The stock increased 0.80% or $0.47 during the last trading session, reaching $59.08. About 755,540 shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 15.54% since May 16, 2017 and is uptrending. It has outperformed by 3.99% the S&P500.

1832 Asset Management Lp, which manages about $36.47B and $30.77 billion US Long portfolio, upped its stake in Royal Dutch Shell Plc by 366,900 shares to 1.41M shares, valued at $95.69 million in 2017Q4, according to the filing. It also increased its holding in Waste Connections Inc by 545,115 shares in the quarter, for a total of 3.61 million shares, and has risen its stake in Abiomed Inc (NASDAQ:ABMD).

Analysts await The Toronto-Dominion Bank (NYSE:TD) to report earnings on May, 24 before the open. They expect $1.16 earnings per share, up 16.00 % or $0.16 from last year’s $1 per share. TD’s profit will be $2.13B for 12.73 P/E if the $1.16 EPS becomes a reality. After $1.23 actual earnings per share reported by The Toronto-Dominion Bank for the previous quarter, Wall Street now forecasts -5.69 % negative EPS growth.

More notable recent The Toronto-Dominion Bank (NYSE:TD) news were published by: Prnewswire.com which released: “Today’s Research Report Coverage on Banking Stocks — Sterling, SunTrust Banks, Toronto-Dominion Bank, and Wells …” on May 08, 2018, also Fool.com with their article: “2 Stocks to Add International Exposure to Your Portfolio” published on May 15, 2018, Globenewswire.com published: “Recent Analysis Shows J.Jill, BankUnited, Toronto Dominion Bank, Adamis Pharmaceuticals, BioDelivery Sciences …” on April 19, 2018. More interesting news about The Toronto-Dominion Bank (NYSE:TD) were released by: Bizjournals.com and their article: “Survey: More than half of small businesses anticipate revenue growth” published on May 11, 2018 as well as Fool.ca‘s news article titled: “3 Dividend Stocks Yielding up to 8% That Can Diversify Your Portfolio” with publication date: May 11, 2018.

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