Bank Of Nova Scotia Trust Company Lowered Its Toronto Dominion Bk Ont (TD) Stake by $8.38 Million

October 13, 2017 - By Kurt Siggers

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 $105.16B market cap company. The stock declined 0.02% or $0.01 reaching $56.9 per share. About 1.05M 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 earnings per share 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: Seekingalpha.com which released: “TD Bank Vs. Royal Bank: Which Is The Better Bank Stock?” on October 02, 2017, also Bloomberg.com with their article: “Bank of Montreal and Toronto-Dominion Lead Peers in Pot Accounts” published on October 05, 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: Prnewswire.com and their article: “Breakfast Technical Briefing on Banking Stocks — Toronto-Dominion Bank, Bank …” published on October 13, 2017 as well as Prnewswire.com‘s news article titled: “TD Bank Announces Executive Leadership Changes” with publication date: October 12, 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 rating was maintained by Scotia Capital on Friday, August 28 with “Sector Perform”. On Tuesday, May 3 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm has “Buy” rating given on Wednesday, September 14 by Citigroup. As per Tuesday, November 1, the company rating was initiated by Bank of America. The stock of Toronto-Dominion Bank (NYSE:TD) has “Outperform” rating given on Monday, August 31 by BMO Capital Markets. The rating was downgraded by IBC on Friday, August 26 to “Sector Performer”. The rating was downgraded by RBC Capital Markets on Monday, March 13 to “Sector Perform”. The stock of Toronto-Dominion Bank (NYSE:TD) has “Equal-Weight” rating given on Tuesday, May 23 by Barclays Capital. The firm has “Outperform” rating given on Friday, August 28 by RBC Capital Markets. The stock has “Outperform” rating by National Bank Canada on Friday, September 1.

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