Toronto Dominion Bk Ont (TD) Shareholder Guardian Capital LP Has Decreased Its Stake

November 21, 2017 - By Dolores Ford

Guardian Capital Lp decreased its stake in Toronto Dominion Bk Ont (TD) by 3% based on its latest 2017Q2 regulatory filing with the SEC. Guardian Capital Lp sold 283,638 shares as the company’s stock declined 12.05% while stock markets rallied. The institutional investor held 9.17M shares of the commercial banks company at the end of 2017Q2, valued at $461.52 million, down from 9.45 million at the end of the previous reported quarter. Guardian Capital Lp who had been investing in Toronto Dominion Bk Ont for a number of months, seems to be less bullish one the $107.49B market cap company. The stock rose 0.94% or $0.54 reaching $58.19. About 295,552 shares traded. Toronto-Dominion Bank (NYSE:TD) has risen 8.67% since November 21, 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 November, 30 before the open. Analysts forecast earnings per share of $1.11, up exactly $0.18 or 19.35 % from 2014’s $0.93 EPS. The expected TD’s profit could reach $2.05 billion giving the stock 13.10 P/E in the case that $1.11 earnings per share is reported. After posting $1.14 EPS for the previous quarter, Toronto-Dominion Bank’s analysts now forecast -2.63 % negative EPS growth.

More notable recent Toronto-Dominion Bank (NYSE:TD) news were published by: Theglobeandmail.com which released: “RBC joins ranks of global banks deemed ‘too big to fail'” on November 21, 2017, also Bnn.ca with their article: “TD Bank e-Transfer service disrupted after update” published on October 31, 2017, Investorplace.com published: “Earnings Momentum Make Toronto-Dominion Bank (TD) a Buy” on November 07, 2017. More interesting news about Toronto-Dominion Bank (NYSE:TD) were released by: Bloomberg.com and their article: “TD Has Quickly Become a Top 10 US Bank and It’s Not Done Yet” published on October 23, 2017 as well as Investorplace.com‘s news article titled: “Toronto-Dominion Bank (TD) a Buy on Robust Earnings Visibility” with publication date: November 14, 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. IBC downgraded the stock to “Sector Performer” rating in Friday, August 26 report. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, August 28 report. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, March 13. BMO Capital Markets maintained Toronto-Dominion Bank (NYSE:TD) on Monday, August 31 with “Outperform” rating. The stock of Toronto-Dominion Bank (NYSE:TD) earned “Outperform” rating by Credit Suisse on Tuesday, May 3. As per Friday, August 28, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating by Credit Suisse given on Monday, September 21. The rating was initiated by Bank of America with “Buy” on Tuesday, November 1. On Friday, September 1 the stock rating was upgraded by National Bank Canada to “Outperform”. The stock of Toronto-Dominion Bank (NYSE:TD) earned “Buy” rating by Citigroup on Wednesday, September 14.

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