June 14, 2018 – By Ash
1832 Asset Management Lp decreased its stake in Toronto Dominion Bk Ont (TD) by 6.67% based on its latest 2018Q1 regulatory filing with the SEC. 1832 Asset Management Lp sold 1.30 million shares as the company’s stock rose 0.19% while stock markets declined. The institutional investor held 18.15 million shares of the commercial banks company at the end of 2018Q1, valued at $1.03 billion, down from 19.44 million at the end of the previous reported quarter. 1832 Asset Management Lp who had been investing in Toronto Dominion Bk Ont for a number of months, seems to be less bullish one the $107.75 billion market cap company. The stock increased 0.10% or $0.06 during the last trading session, reaching $58.51. About 301,680 shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 24.15% since June 14, 2017 and is uptrending. It has outperformed by 11.58% the S&P500.
1832 Asset Management Lp, which manages about $36.47B and $27.14 billion US Long portfolio, upped its stake in Visa Inc (NYSE:V) by 460,932 shares to 5.03 million shares, valued at $604.10 million in 2018Q1, according to the filing. It also increased its holding in Diageo P L C (NYSE:DEO) by 34,976 shares in the quarter, for a total of 84,713 shares, and has risen its stake in Jacobs Engr Group Inc Del (NYSE:JEC).
Analysts await The Toronto-Dominion Bank (NYSE:TD) to report earnings on August, 30. They expect $1.24 EPS, up 8.77 % or $0.10 from last year’s $1.14 per share. TD’s profit will be $2.28B for 11.80 P/E if the $1.24 EPS becomes a reality. After $1.27 actual EPS reported by The Toronto-Dominion Bank for the previous quarter, Wall Street now forecasts -2.36 % negative EPS growth.
More notable recent The Toronto-Dominion Bank (NYSE:TD) news were published by: Fool.ca which released: “Trade Tensions Shouldn’t Scare You Away From These 3 Bank Stocks” on June 07, 2018, also Seekingalpha.com with their article: “Auto lenders take on more risk to attract more customers: WSJ” published on June 11, 2018, Seekingalpha.com published: “The Toronto-Dominion Bank (TD) CEO Bharat Masrani on Q2 2018 Results – Earnings Call Transcript” on May 24, 2018. More interesting news about The Toronto-Dominion Bank (NYSE:TD) were released by: Fool.ca and their article: “Are Investors Focusing Too Much on the Short Term?” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “If You Want To Own Your Bank, Consider Scotiabank” with publication date: June 04, 2018.
The Toronto-Dominion Bank (NYSE:TD) Ratings Coverage
Among 2 analysts covering The Toronto-Dominion Bank (NYSE:TD), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. The Toronto-Dominion Bank had 2 analyst reports since January 30, 2018 according to SRatingsIntel. Bank of America maintained The Toronto-Dominion Bank (NYSE:TD) rating on Tuesday, January 30. Bank of America has “Buy” rating and $87 target.
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