Pioneer Investment Management Inc. cut its position in TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 522,465 shares of the financial services provider’s stock after selling 1,236 shares during the period. Pioneer Investment Management Inc.’s holdings in TD Ameritrade Holding Corporation were worth $22,461,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in shares of TD Ameritrade Holding Corporation by 3.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 457,856 shares of the financial services provider’s stock worth $17,793,000 after buying an additional 13,541 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of TD Ameritrade Holding Corporation by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 316,583 shares of the financial services provider’s stock worth $13,803,000 after buying an additional 3,811 shares during the last quarter. BlackRock Inc. boosted its position in shares of TD Ameritrade Holding Corporation by 1,374.1% in the first quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after buying an additional 12,615,921 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in shares of TD Ameritrade Holding Corporation during the first quarter worth approximately $583,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of TD Ameritrade Holding Corporation by 571.0% in the first quarter. Canada Pension Plan Investment Board now owns 484,204 shares of the financial services provider’s stock worth $18,816,000 after buying an additional 412,039 shares during the last quarter. 90.94% of the stock is owned by institutional investors and hedge funds.

Shares of TD Ameritrade Holding Corporation (AMTD) opened at 44.86 on Thursday. The company’s 50-day moving average is $44.58 and its 200-day moving average is $41.08. The company has a market cap of $23.69 billion, a price-to-earnings ratio of 28.04 and a beta of 1.48. TD Ameritrade Holding Corporation has a one year low of $30.32 and a one year high of $47.41.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $897.98 million. During the same quarter last year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts predict that TD Ameritrade Holding Corporation will post $1.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, July 28th. TD Ameritrade Holding Corporation’s payout ratio is 45.00%.

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AMTD has been the subject of a number of recent research reports. Instinet reissued a “buy” rating and issued a $49.00 price objective (up from $48.00) on shares of TD Ameritrade Holding Corporation in a research note on Friday, April 14th. Jefferies Group LLC reissued a “hold” rating and issued a $39.00 price objective on shares of TD Ameritrade Holding Corporation in a research note on Saturday, April 22nd. Keefe, Bruyette & Woods reissued 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. Zacks Investment Research raised shares of 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. Finally, Deutsche Bank AG dropped their price objective on shares of TD Ameritrade Holding Corporation from $40.00 to $39.00 and set a “hold” rating for the company in a research note on Tuesday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $44.47.

In other news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $40.45, for a total value of $404,500.00. Following the completion of the transaction, the director now 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 at the SEC website. Company insiders own 0.42% of the company’s stock.

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

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