As Toronto Dominion Bk Ont (TD) Valuation Declined, Bank Of Nova Scotia Trust Company Trimmed Its Position

October 13, 2017 - By Michael Collier

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 $57.10M, 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 $105.16 billion 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.

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 $2.07 billion 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: Seekingalpha.com which released: “Toronto-Dominion: A Great Long-Term Investment” on September 27, 2017, also Prnewswire.com with their article: “TD Bank Announces Executive Leadership Changes” published on October 12, 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 Bloomberg.com‘s news article titled: “Bank of Montreal and Toronto-Dominion Lead Peers in Pot Accounts” with publication date: October 05, 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 stock has “Outperform” rating by BMO Capital Markets on Monday, August 31. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, May 3. The firm earned “Equal-Weight” rating on Tuesday, May 23 by Barclays Capital. The rating was upgraded by National Bank Canada to “Outperform” on Friday, September 1. RBC Capital Markets maintained the shares of TD in report on Friday, August 28 with “Outperform” rating. The rating was downgraded by IBC on Friday, August 26 to “Sector Performer”. Bank of America initiated the shares of TD in report on Tuesday, November 1 with “Buy” rating. The rating was maintained by Scotia Capital on Friday, August 28 with “Sector Perform”. The stock of Toronto-Dominion Bank (NYSE:TD) has “Sector Perform” rating given on Monday, March 13 by RBC Capital Markets. On Monday, September 21 the stock rating was downgraded by Credit Suisse to “Neutral”.

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