As Toronto Dominion Bk Ont Com New (TD) Market Value Declined, M&R Capital Management INC Lowered by $3.49 Million Its Position

February 14, 2018 - By Stephen Andrade

M&R Capital Management Inc decreased its stake in Toronto Dominion Bk Ont Com New (TD) by 43.12% based on its latest 2017Q3 regulatory filing with the SEC. M&R Capital Management Inc sold 62,297 shares as the company’s stock declined 12.05% while stock markets rallied. The institutional investor held 82,188 shares of the commercial banks company at the end of 2017Q3, valued at $4.62M, down from 144,485 at the end of the previous reported quarter. M&R Capital Management Inc who had been investing in Toronto Dominion Bk Ont Com New for a number of months, seems to be less bullish one the $103.71B market cap company. The stock increased 0.23% or $0.13 during the last trading session, reaching $56.73. About 1.05M shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 8.67% since February 14, 2017 and is uptrending. It has underperformed by 8.03% the S&P500.

Analysts await The Toronto-Dominion Bank (NYSE:TD) to report earnings on March, 1. They expect $1.12 EPS, up 12.00 % or $0.12 from last year’s $1 per share. TD’s profit will be $2.05 billion for 12.66 P/E if the $1.12 EPS becomes a reality. After $1.09 actual EPS reported by The Toronto-Dominion Bank for the previous quarter, Wall Street now forecasts 2.75 % EPS growth.

More notable recent The Toronto-Dominion Bank (NYSE:TD) news were published by: Fool.ca which released: “Is Toronto-Dominion Bank a Forever Stock?” on January 21, 2018, also Cbc.ca with their article: “Canadian banks warn about negative fallout from US tax reforms” published on February 13, 2018, Fool.ca published: “Toronto-Dominion Bank and Royal Bank of Canada Are Still Attractive After the …” on January 20, 2018. More interesting news about The Toronto-Dominion Bank (NYSE:TD) were released by: Fool.ca and their article: “Toronto-Dominion Bank: Time to Take Profits or Is More Growth on the Horizon?” published on January 29, 2018 as well as Nasdaq.com‘s news article titled: “Relative Strength Alert For Toronto Dominion Bank” with publication date: February 09, 2018.

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 23 analyst reports since August 12, 2015 according to SRatingsIntel. On Wednesday, September 14 the stock rating was maintained by Citigroup with “Buy”. The firm has “Outperform” rating by Credit Suisse given on Tuesday, May 3. On Monday, September 21 the stock rating was downgraded by Credit Suisse to “Neutral”. As per Tuesday, May 23, the company rating was upgraded by Barclays Capital. National Bank Canada upgraded the shares of TD in report on Friday, September 1 to “Outperform” rating. On Friday, August 26 the stock rating was downgraded by IBC to “Sector Performer”. RBC Capital Markets maintained the shares of TD in report on Friday, August 28 with “Outperform” rating. The firm has “Buy” rating given on Tuesday, November 1 by Bank of America. On Monday, March 13 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Bank of America maintained the shares of TD in report on Tuesday, January 30 with “Buy” rating.

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