Toronto Dominion Bk Ont (TD) Stock Value Declined While Bank Of Nova Scotia Trust Company Cut by $8.38 Million Its Holding

October 13, 2017 - By Henry Gaston

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 1.13M shares of the commercial banks company at the end of 2017Q2, valued at $57.10 million, down from 1.30 million 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 $105.16 billion market cap company. The stock declined 0.02% or $0.01 reaching $56.9 per share. About 1.05 million 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.

Investors wait Toronto-Dominion Bank (NYSE:TD) to report on December, 7. its quarterly earnings Wall Street analysts expect $1.12 EPS, up $0.19 or 20.43 % from last year’s $0.93 same quarter earnings. This translates into $2.07B profit for TD giving the stock a 12.70 P/E. This is assuming the current $1.12 EPS is accurate. Toronto-Dominion Bank’s Wall Street analysts see -1.75 % negative EPS growth, taking into account the $1.14 EPS reproted in the previous quarter,

More notable recent Toronto-Dominion Bank (NYSE:TD) news were published by: Bloomberg.com which released: “Bank of Montreal and Toronto-Dominion Lead Peers in Pot Accounts” on October 05, 2017, also Nasdaq.com with their article: “Why Toronto Dominion Bank (TD) Could Be Positioned for a Surge?” published on September 15, 2017, Fool.ca published: “Why Toronto-Dominion Bank Remains 1 of the Best Financials Options on the TSX” on September 29, 2017. More interesting news about Toronto-Dominion Bank (NYSE:TD) were released by: Seekingalpha.com and their article: “TD Bank Vs. Royal Bank: Which Is The Better Bank Stock?” published on October 02, 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 firm has “Outperform” rating given on Friday, September 1 by National Bank Canada. As per Friday, August 26, the company rating was downgraded by IBC. As per Monday, September 21, the company rating was downgraded by Credit Suisse. The firm has “Outperform” rating given on Friday, August 28 by RBC Capital Markets. As per Wednesday, September 14, the company rating was maintained by Citigroup. The firm has “Equal-Weight” rating given on Tuesday, May 23 by Barclays Capital. The rating was initiated by Bank of America on Tuesday, November 1 with “Buy”. The stock of Toronto-Dominion Bank (NYSE:TD) has “Outperform” rating given on Tuesday, May 3 by Credit Suisse. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, March 13. On Friday, August 28 the stock rating was maintained by Scotia Capital with “Sector Perform”.

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