Personal Capital Advisors Corp raised its stake in TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 801,032 shares of the financial services provider’s stock after buying an additional 35,183 shares during the period. TD Ameritrade Holding Corporation accounts for about 0.8% of Personal Capital Advisors Corp’s portfolio, making the stock its 22nd largest position. Personal Capital Advisors Corp owned 0.15% of TD Ameritrade Holding Corporation worth $34,436,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of TD Ameritrade Holding Corporation by 62.6% in the second quarter. Russell Investments Group Ltd. now owns 2,190,982 shares of the financial services provider’s stock valued at $94,199,000 after buying an additional 843,546 shares during the last quarter. Quantitative Systematic Strategies LLC increased its position in shares of TD Ameritrade Holding Corporation by 13.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 8,472 shares of the financial services provider’s stock valued at $361,000 after buying an additional 996 shares during the last quarter. Douglas Lane & Associates LLC increased its position in shares of TD Ameritrade Holding Corporation by 3.3% in the second quarter. Douglas Lane & Associates LLC now owns 319,125 shares of the financial services provider’s stock valued at $13,719,000 after buying an additional 10,335 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in TD Ameritrade Holding Corporation by 9.9% in the second quarter. Assenagon Asset Management S.A. now owns 33,332 shares of the financial services provider’s stock valued at $1,433,000 after buying an additional 2,999 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in TD Ameritrade Holding Corporation by 1.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 31,122 shares of the financial services provider’s stock valued at $1,338,000 after buying an additional 400 shares during the period. 90.94% of the stock is currently owned by institutional investors.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 45.29 on Monday. TD Ameritrade Holding Corporation has a 12 month low of $29.51 and a 12 month high of $47.41. The firm’s 50-day moving average is $43.84 and its 200-day moving average is $41.06. The firm has a market cap of $23.91 billion, a PE ratio of 28.31 and a beta of 1.48.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The company had revenue of $931 million during the quarter, compared to the consensus estimate of $897.98 million. During the same period in the prior year, the company earned $0.45 EPS. TD Ameritrade Holding Corporation’s revenue was up 11.1% on a year-over-year basis. Equities analysts expect that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, July 28th. TD Ameritrade Holding Corporation’s payout ratio is 45.00%.
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Several research firms have recently commented on AMTD. BidaskClub cut shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.50 target price on shares of TD Ameritrade Holding Corporation in a research note on Friday, July 14th. Morgan Stanley restated an “equal weight” rating and issued a $43.00 target price (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, July 25th. Instinet restated a “buy” rating and issued a $49.00 target price (down previously from $50.00) on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. Finally, Nomura reduced their target price on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $44.47.
In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $40.45, for a total value of $404,500.00. Following the completion of the sale, the director now directly owns 170,000 shares of the company’s stock, valued at approximately $6,876,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.
About TD Ameritrade Holding Corporation
TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.
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