As Toronto Dominion Bk Ont (TD) Stock Value Rose, Greystone Managed Investments INC Cut Its Position by $17.86 Million

November 10, 2018 - By Hannah Black

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Greystone Managed Investments Inc decreased its stake in Toronto Dominion Bk Ont (TD) by 10.56% based on its latest 2018Q2 regulatory filing with the SEC. Greystone Managed Investments Inc sold 313,345 shares as the company’s stock rose 3.47% with the market. The institutional investor held 2.65M shares of the commercial banks company at the end of 2018Q2, valued at $153.47 million, down from 2.97 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 $101.17 billion market cap company. The stock decreased 0.75% or $0.42 during the last trading session, reaching $55.46. About 935,860 shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 10.43% since November 10, 2017 and is uptrending. It has underperformed by 5.19% the S&P500.

Greystone Managed Investments Inc, which manages about $2.29B US Long portfolio, upped its stake in Netease Inc (NASDAQ:NTES) by 34,319 shares to 125,634 shares, valued at $31.74M in 2018Q2, according to the filing.

Analysts await The Toronto-Dominion Bank (NYSE:TD) to report earnings on November, 29. They expect $1.22 EPS, up 11.93 % or $0.13 from last year’s $1.09 per share. TD’s profit will be $2.23 billion for 11.36 P/E if the $1.22 EPS becomes a reality. After $1.28 actual EPS reported by The Toronto-Dominion Bank for the previous quarter, Wall Street now forecasts -4.69 % negative EPS growth.

More notable recent The Toronto-Dominion Bank (NYSE:TD) news were published by: Bizjournals.com which released: “TD continues as region’s most prolific SBA lender after 30 percent increase” on October 30, 2018, also Bizjournals.com with their article: “Bank Notes: Fed proposal would lessen regulatory burden on some of Philadelphia’s largest banks” published on November 05, 2018, Fool.ca published: “TFSA Investors: 3 Oversold TSX Index Giants to Own for Decades” on November 10, 2018. More interesting news about The Toronto-Dominion Bank (NYSE:TD) were released by: Fool.ca and their article: “Invest in the Canadian Banks When They Hit This Important Buy Point” published on October 27, 2018 as well as Fool.ca‘s news article titled: “Here’s Why You Should Buy Canadian Bank Stocks in November” with publication date: November 05, 2018.

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