As Toronto Dominion Bk Ont (TD) Stock Declined, Shareholder Greystone Managed Investments INC Has Lowered Its Stake by $6.50 Million

January 16, 2018 - By Marguerite Chambers

Greystone Managed Investments Inc decreased its stake in Toronto Dominion Bk Ont (TD) by 3.45% based on its latest 2017Q3 regulatory filing with the SEC. Greystone Managed Investments Inc sold 116,155 shares as the company’s stock declined 12.05% while stock markets rallied. The institutional investor held 3.25 million shares of the commercial banks company at the end of 2017Q3, valued at $182.40 million, down from 3.36 million at the end of the previous reported quarter. Greystone Managed Investments Inc who had been investing in Toronto Dominion Bk Ont for a number of months, seems to be less bullish one the $107.18 billion market cap company. The stock increased 0.36% or $0.21 during the last trading session, reaching $59.07. About 769,165 shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 8.67% since January 16, 2017 and is uptrending. It has underperformed by 8.03% the S&P500.

Greystone Managed Investments Inc, which manages about $2.28B US Long portfolio, upped its stake in Canadian Natl Ry Co (NYSE:CNI) by 99,294 shares to 979,433 shares, valued at $80.96M in 2017Q3, according to the filing. It also increased its holding in Enerplus Corp (NYSE:ERF) by 896,918 shares in the quarter, for a total of 3.34 million shares, and has risen its stake in Bank Montreal Que (NYSE:BMO).

Analysts await The Toronto-Dominion Bank (NYSE:TD) to report earnings on March, 1. They expect $1.12 earnings per share, up 12.00 % or $0.12 from last year’s $1 per share. TD’s profit will be $2.03B for 13.19 P/E if the $1.12 EPS becomes a reality. After $1.09 actual earnings per share 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: Seekingalpha.com which released: “Is TD Bank A Buy Or A Hold?” on December 21, 2017, also Fool.ca with their article: “Toronto-Dominion Bank Invests in Artificial Intelligence” published on January 11, 2018, Nasdaq.com published: “Toronto Dominion Bank (TD) Ex-Dividend Date Scheduled for January 09, 2018” on January 08, 2018. More interesting news about The Toronto-Dominion Bank (NYSE:TD) were released by: Cbc.ca and their article: “Royal Bank, TD and CIBC raise their fixed 5-year mortgage rates” published on January 12, 2018 as well as Seekingalpha.com‘s news article titled: “Taking A More Cautious Approach To Toronto-Dominion Bank After A Strong 2017” with publication date: December 19, 2017.

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 has $70 highest and $51 lowest target. $58.44’s average target is -1.07% below currents $59.07 stock price. TD Bank had 22 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, March 13. Barclays Capital upgraded The Toronto-Dominion Bank (NYSE:TD) on Tuesday, May 23 to “Equal-Weight” rating. The rating was initiated by Bank of America on Tuesday, November 1 with “Buy”. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, May 3. The stock has “Outperform” rating by National Bank Canada on Friday, September 1. RBC Capital Markets maintained it with “Outperform” rating and $61 target in Friday, August 28 report. As per Friday, August 26, the company rating was downgraded by IBC. The rating was maintained by BMO Capital Markets on Monday, August 31 with “Outperform”. As per Friday, August 28, the company rating was maintained by Scotia Capital. The company was downgraded on Monday, September 21 by Credit Suisse.

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