Prudential Financial Inc. decreased its position in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,516 shares of the financial services provider’s stock after selling 100 shares during the period. Prudential Financial Inc.’s holdings in TD Ameritrade Holding Corporation were worth $681,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings 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 during the period. 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 during the period. 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 during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of TD Ameritrade Holding Corporation by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,015 shares of the financial services provider’s stock worth $255,000 after buying an additional 285 shares during the period. Finally, Capstone Asset Management Co. increased its position in TD Ameritrade Holding Corporation by 8.7% in the first quarter. Capstone Asset Management Co. now owns 7,097 shares of the financial services provider’s stock worth $276,000 after buying an additional 570 shares in the last quarter. 90.40% of the stock is owned by institutional investors.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded down 0.02% on Friday, hitting $42.43. 2,400,722 shares of the stock traded hands. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of 26.52 and a beta of 1.48. TD Ameritrade Holding Corporation has a 52 week low of $30.97 and a 52 week high of $47.41. The firm’s 50 day moving average is $44.93 and its 200 day moving average is $40.96.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $931 million for the quarter, compared to analyst estimates of $897.98 million. During the same period last year, the firm earned $0.45 earnings per share. TD Ameritrade Holding Corporation’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts anticipate that TD Ameritrade Holding Corporation will post $1.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, July 28th. TD Ameritrade Holding Corporation’s dividend payout ratio is 45.00%.
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A number of research analysts have recently weighed in on the stock. BidaskClub downgraded shares of TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research downgraded shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Morgan Stanley restated an “equal weight” rating and set a $43.00 price target (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. SunTrust Banks, Inc. restated a “buy” rating and set a $50.00 price target (up previously from $46.00) on shares of TD Ameritrade Holding Corporation in a report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.50 price target on shares of TD Ameritrade Holding Corporation in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. TD Ameritrade Holding Corporation currently has a consensus rating of “Hold” and a consensus target price of $44.47.
In related news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $40.45, for a total transaction of $404,500.00. Following the transaction, the director now directly owns 170,000 shares of the company’s stock, valued at $6,876,500. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.42% of the stock is currently 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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