Raymond James Trust N.A. lessened its position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 19.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,208 shares of the financial services provider’s stock after selling 1,047 shares during the period. Raymond James Trust N.A.’s holdings in TD Ameritrade were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMTD. FMR LLC lifted its position in shares of TD Ameritrade by 13.7% during the 2nd quarter. FMR LLC now owns 17,201,763 shares of the financial services provider’s stock valued at $942,141,000 after buying an additional 2,071,893 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of TD Ameritrade by 74.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,219,403 shares of the financial services provider’s stock valued at $170,080,000 after buying an additional 1,374,810 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TD Ameritrade by 45.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,417,104 shares of the financial services provider’s stock valued at $233,356,000 after buying an additional 1,369,915 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of TD Ameritrade by 4.0% during the 2nd quarter. Janus Henderson Group PLC now owns 21,835,182 shares of the financial services provider’s stock valued at $1,195,913,000 after buying an additional 848,903 shares during the last quarter. Finally, Boston Partners lifted its position in shares of TD Ameritrade by 9.7% during the 2nd quarter. Boston Partners now owns 9,039,655 shares of the financial services provider’s stock valued at $495,102,000 after buying an additional 802,966 shares during the last quarter. 91.23% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on AMTD shares. Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Thursday, October 25th. Bank of America dropped their price target on TD Ameritrade from $67.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, September 26th. BidaskClub raised TD Ameritrade from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. UBS Group raised TD Ameritrade from a “neutral” rating to a “buy” rating in a research report on Monday, November 19th. Finally, Morgan Stanley increased their price objective on TD Ameritrade from $60.00 to $61.00 and gave the stock a “hold” rating in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the stock. TD Ameritrade has a consensus rating of “Buy” and an average target price of $63.29.

Shares of AMTD opened at $51.73 on Wednesday. The stock has a market cap of $30.55 billion, a P/E ratio of 15.49, a P/E/G ratio of 0.67 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.15. TD Ameritrade Holding Corp. has a 52-week low of $48.03 and a 52-week high of $63.01.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TD Ameritrade had a return on equity of 24.54% and a net margin of 27.02%. The firm’s quarterly revenue was up 42.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, research analysts expect that TD Ameritrade Holding Corp. will post 3.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th were issued a dividend of $0.30 per share. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, November 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.32%. TD Ameritrade’s dividend payout ratio is 35.93%.

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TD Ameritrade Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.

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

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