Sumitomo Mitsui Asset Management Company LTD decreased its position in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,419 shares of the financial services provider’s stock after selling 2,324 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in TD Ameritrade Holding Corporation were worth $791,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its stake in shares of TD Ameritrade Holding Corporation by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock worth $171,000 after buying an additional 44 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of TD Ameritrade Holding Corporation by 6.1% in the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock worth $126,000 after buying an additional 188 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of TD Ameritrade Holding Corporation by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,061 shares of the financial services provider’s stock worth $236,000 after buying an additional 192 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of TD Ameritrade Holding Corporation by 3.0% in the second quarter. Capstone Asset Management Co. now owns 7,307 shares of the financial services provider’s stock worth $314,000 after buying an additional 210 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of TD Ameritrade Holding Corporation by 2.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,009 shares of the financial services provider’s stock worth $428,000 after buying an additional 230 shares in the last quarter. 90.40% of the stock is owned by hedge funds and other institutional investors.
Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up 0.07% on Friday, hitting $42.47. 1,664,701 shares of the stock traded hands. The firm has a market capitalization of $22.42 billion, a PE ratio of 26.54 and a beta of 1.48. The firm’s 50 day moving average is $44.94 and its 200 day moving average is $40.99. TD Ameritrade Holding Corporation has a 52 week low of $30.97 and a 52 week high of $47.41.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $897.98 million. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, analysts expect that TD Ameritrade Holding Corporation will post $1.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.70%. TD Ameritrade Holding Corporation’s dividend payout ratio (DPR) is presently 45.00%.
A number of brokerages have recently weighed in on AMTD. BidaskClub lowered shares of TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research lowered shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley reissued an “equal weight” rating and set a $43.00 target price (up from $40.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reissued a “buy” rating and set a $50.00 target price (up from $46.00) on shares of TD Ameritrade Holding Corporation in a research note on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $44.50 target price on shares of TD Ameritrade Holding Corporation in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. TD Ameritrade Holding Corporation presently has a consensus rating of “Hold” and a consensus price target of $44.47.
In other news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade Holding Corporation stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $40.45, for a total value of $404,500.00. Following the sale, the director now directly owns 170,000 shares in the company, valued at $6,876,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is owned by company 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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