State Street Corp Raises Position in TD Ameritrade Holding Corporation (NASDAQ:AMTD)

State Street Corp increased its stake in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 3.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,728,565 shares of the financial services provider’s stock after buying an additional 138,110 shares during the period. State Street Corp owned approximately 0.90% of TD Ameritrade Holding Corporation worth $183,755,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its position 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 valued at $171,000 after buying an additional 44 shares during the period. Valley National Advisers Inc. raised its position 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 valued at $126,000 after buying an additional 188 shares during the period. Pacer Advisors Inc. raised its position 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 last quarter. Commerzbank Aktiengesellschaft FI raised its position 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 last quarter. Finally, Van ECK Associates Corp raised its position in shares of TD Ameritrade Holding Corporation by 7.3% in the first quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock worth $140,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds own 90.75% of the company’s stock.

Shares of TD Ameritrade Holding Corporation (AMTD) traded down 0.07% during midday trading on Friday, hitting $45.75. The stock had a trading volume of 1,731,989 shares. The company has a market cap of $24.16 billion, a PE ratio of 28.59 and a beta of 1.47. The company’s 50 day moving average is $43.53 and its 200 day moving average is $41.16. TD Ameritrade Holding Corporation has a 52-week low of $29.37 and a 52-week high of $47.41.

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, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $931 million for the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. On average, analysts anticipate that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Friday, July 28th. TD Ameritrade Holding Corporation’s payout ratio is 45.00%.

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AMTD has been the topic of a number of research reports. Instinet reaffirmed a “buy” rating and set a $49.00 target price (up from $48.00) on shares of TD Ameritrade Holding Corporation in a research report on Friday, April 14th. Jefferies Group LLC reiterated a “hold” rating and set a $39.00 price target on shares of TD Ameritrade Holding Corporation in a report on Saturday, April 22nd. Deutsche Bank AG decreased their price target on TD Ameritrade Holding Corporation from $41.00 to $40.00 and set a “hold” rating for the company in a report on Thursday, April 6th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.50 price objective on shares of TD Ameritrade Holding Corporation in a research note on Wednesday, April 12th. Finally, Zacks Investment Research upgraded TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, July 12th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. TD Ameritrade Holding Corporation presently has an average rating of “Buy” and an average price target of $44.47.

In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $40.45, for a total value of $404,500.00. Following the sale, the director now owns 170,000 shares of the company’s stock, valued at $6,876,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by 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.

Institutional Ownership by Quarter for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

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