Jennison Associates LLC lowered its position in TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 13.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,942,356 shares of the financial services provider’s stock after selling 314,055 shares during the quarter. Jennison Associates LLC owned about 0.37% of TD Ameritrade Holding Corporation worth $94,787,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Crow Point Partners LLC purchased a new stake in shares of TD Ameritrade Holding Corporation in the third quarter valued at about $102,000. Federated Investors Inc. PA grew its holdings in shares of TD Ameritrade Holding Corporation by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 198 shares during the period. Gamco Investors INC. ET AL purchased a new stake in shares of TD Ameritrade Holding Corporation in the third quarter valued at about $203,000. Fox Run Management L.L.C. purchased a new stake in shares of TD Ameritrade Holding Corporation in the third quarter valued at about $220,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of TD Ameritrade Holding Corporation by 27.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,008 shares during the period. 92.53% of the stock is owned by hedge funds and other institutional investors.
In other news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of TD Ameritrade Holding Corporation stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average price of $36.12 per share, with a total value of $399,999,995.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the completion of the sale, the director now directly owns 155,000 shares in the company, valued at approximately $6,922,300. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.
AMTD has been the subject of a number of analyst reports. SunTrust Banks, Inc. reissued a “buy” rating and issued a $50.00 price objective (up previously from $46.00) on shares of TD Ameritrade Holding Corporation in a report on Wednesday, July 19th. Morgan Stanley reissued an “equal weight” rating and issued a $43.00 price objective (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. BidaskClub lowered shares of TD Ameritrade Holding Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Zacks Investment Research lowered shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $50.00.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up $0.48 during midday trading on Friday, hitting $48.86. 1,221,700 shares of the stock traded hands, compared to its average volume of 1,628,210. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.35. TD Ameritrade Holding Corporation has a twelve month low of $35.57 and a twelve month high of $51.22. The stock has a market capitalization of $25,805.36, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $958.57 million. TD Ameritrade Holding Corporation had a net margin of 23.72% and a return on equity of 15.91%. The firm’s revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. analysts forecast that TD Ameritrade Holding Corporation will post 2.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be issued a $0.21 dividend. This is a boost from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.84 annualized dividend and a yield of 1.72%. TD Ameritrade Holding Corporation’s dividend payout ratio (DPR) is 51.22%.
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TD Ameritrade Holding Corporation Company Profile
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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