Victory Capital Management Inc. Raises Holdings in TD Ameritrade Holding Corporation (AMTD)

Victory Capital Management Inc. grew its position in TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 21.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,775 shares of the financial services provider’s stock after purchasing an additional 5,041 shares during the period. Victory Capital Management Inc.’s holdings in TD Ameritrade Holding Corporation were worth $1,237,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Janus Capital Management LLC increased its position in TD Ameritrade Holding Corporation by 14.6% in the 1st quarter. Janus Capital Management LLC now owns 20,330,486 shares of the financial services provider’s stock worth $790,037,000 after purchasing an additional 2,582,698 shares during the last quarter. BlackRock Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 1,374.1% during the 1st quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after acquiring an additional 12,615,921 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 12,856,827 shares of the financial services provider’s stock worth $499,616,000 after acquiring an additional 1,391,792 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of TD Ameritrade Holding Corporation by 131.9% during the 1st quarter. Wellington Management Group LLP now owns 7,936,910 shares of the financial services provider’s stock worth $308,428,000 after acquiring an additional 4,514,083 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of TD Ameritrade Holding Corporation by 719.4% during the 1st quarter. FMR LLC now owns 5,139,189 shares of the financial services provider’s stock worth $199,709,000 after acquiring an additional 4,511,989 shares in the last quarter. 93.55% of the stock is currently owned by institutional investors.

Shares of TD Ameritrade Holding Corporation (AMTD) opened at 44.82 on Friday. The stock’s 50 day moving average price is $43.87 and its 200-day moving average price is $40.98. The company has a market cap of $23.67 billion, a PE ratio of 28.01 and a beta of 1.48. TD Ameritrade Holding Corporation has a one year low of $31.95 and a one year high of $47.41.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The company had revenue of $931.00 million during the quarter, compared to the consensus estimate of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. TD Ameritrade Holding Corporation’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. On average, analysts expect that TD Ameritrade Holding Corporation will post $1.69 EPS for the current year.

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A number of equities analysts have recently issued reports on AMTD shares. BidaskClub cut TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Nomura dropped their price target on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, July 13th. Zacks Investment Research raised TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, July 12th. Instinet reaffirmed a “buy” rating and set a $49.00 price target (down from $50.00) on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. Finally, Rosenblatt Securities began coverage on TD Ameritrade Holding Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $50.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.40.

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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