D.A. Davidson & CO. decreased its holdings in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 38.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,160 shares of the financial services provider’s stock after selling 4,500 shares during the period. D.A. Davidson & CO.’s holdings in TD Ameritrade Holding Corporation were worth $307,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Pinebridge Investments L.P. lifted its stake in shares of TD Ameritrade Holding Corporation by 32.0% in the second quarter. Pinebridge Investments L.P. now owns 41,673 shares of the financial services provider’s stock valued at $1,792,000 after buying an additional 10,101 shares in the last quarter. Columbia Partners L L C Investment Management grew its holdings in shares of TD Ameritrade Holding Corporation by 69.7% during the second quarter. Columbia Partners L L C Investment Management now owns 89,018 shares of the financial services provider’s stock valued at $3,826,000 after buying an additional 36,554 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of TD Ameritrade Holding Corporation by 2.2% during the second quarter. PNC Financial Services Group Inc. now owns 46,942 shares of the financial services provider’s stock valued at $2,018,000 after buying an additional 1,021 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of TD Ameritrade Holding Corporation by 20.1% during the second quarter. Profund Advisors LLC now owns 64,398 shares of the financial services provider’s stock valued at $2,768,000 after buying an additional 10,767 shares during the last quarter. Finally, BT Investment Management Ltd bought a new stake in shares of TD Ameritrade Holding Corporation during the second quarter worth about $148,207,000. 93.54% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.watchlistnews.com/d-a-davidson-co-lowers-holdings-in-td-ameritrade-holding-corporation-amtd/1602838.html.

In other TD Ameritrade Holding Corporation news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the business’s stock in a transaction on Monday, September 18th. The shares were acquired at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph H. Moglia sold 15,000 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $44.66, for a total value of $669,900.00. Following the sale, the director now owns 155,000 shares in the company, valued at $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 topic of a number of analyst reports. BidaskClub upgraded shares of TD Ameritrade Holding Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research raised shares of TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, September 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $43.00 price target (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a research report on Tuesday, July 25th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $44.93.

TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 48.80 on Monday. TD Ameritrade Holding Corporation has a 52 week low of $33.26 and a 52 week high of $49.24. The company has a market cap of $25.77 billion, a P/E ratio of 30.50 and a beta of 1.55. The firm has a 50-day moving average price of $43.85 and a 200-day moving average price of $41.09.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 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 firm had revenue of $931.00 million for the quarter, compared to analysts’ expectations of $897.98 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts anticipate that TD Ameritrade Holding Corporation will post $1.69 EPS for the current fiscal year.

TD Ameritrade Holding Corporation 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.

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

Receive News & Ratings for TD Ameritrade Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade Holding Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.