Principal Financial Group Inc. cut its holdings in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,577 shares of the financial services provider’s stock after selling 4,723 shares during the quarter. Principal Financial Group Inc.’s holdings in TD Ameritrade were worth $958,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AMTD. JPMorgan Chase & Co. boosted its stake in TD Ameritrade by 74.5% in the third quarter. JPMorgan Chase & Co. now owns 3,219,403 shares of the financial services provider’s stock valued at $170,080,000 after acquiring an additional 1,374,810 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in TD Ameritrade by 50.7% in the third quarter. Bank of New York Mellon Corp now owns 2,238,320 shares of the financial services provider’s stock worth $118,250,000 after purchasing an additional 753,480 shares during the period. Boston Partners raised its holdings in TD Ameritrade by 5.8% in the fourth quarter. Boston Partners now owns 6,799,245 shares of the financial services provider’s stock worth $332,891,000 after purchasing an additional 373,417 shares during the period. BlackRock Inc. raised its holdings in TD Ameritrade by 2.5% in the fourth quarter. BlackRock Inc. now owns 14,142,969 shares of the financial services provider’s stock worth $692,441,000 after purchasing an additional 350,590 shares during the period. Finally, Pendal Group Ltd raised its holdings in TD Ameritrade by 8.4% in the fourth quarter. Pendal Group Ltd now owns 3,896,619 shares of the financial services provider’s stock worth $168,318,000 after purchasing an additional 303,045 shares during the period. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Thomas A. Nally sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $56.10, for a total transaction of $1,402,500.00. Following the sale, the executive vice president now directly owns 157,780 shares in the company, valued at $8,851,458. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.44% of the company’s stock.

Shares of NASDAQ:AMTD opened at $53.53 on Friday. TD Ameritrade Holding Corp. has a 12 month low of $45.70 and a 12 month high of $62.99. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.42. The firm has a market cap of $30.04 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.80 and a beta of 1.23.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. TD Ameritrade had a net margin of 31.17% and a return on equity of 25.99%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business posted $0.80 earnings per share. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. Research analysts predict that TD Ameritrade Holding Corp. will post 4.07 earnings per share for the current fiscal year.

Several research firms have weighed in on AMTD. Barclays cut their target price on shares of TD Ameritrade from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Bank of America set a $60.00 target price on shares of TD Ameritrade and gave the stock a “buy” rating in a report on Tuesday, April 9th. Wolfe Research upgraded shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Zacks Investment Research lowered shares of TD Ameritrade from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, ValuEngine lowered shares of TD Ameritrade from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. TD Ameritrade has a consensus rating of “Hold” and an average price target of $62.50.

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About TD Ameritrade

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.

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

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