Riverpark Capital Management LLC raised its position in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 15.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 435,369 shares of the financial services provider’s stock after buying an additional 57,761 shares during the period. TD Ameritrade Holding Corporation accounts for 2.2% of Riverpark Capital Management LLC’s portfolio, making the stock its 26th largest position. Riverpark Capital Management LLC’s holdings in TD Ameritrade Holding Corporation were worth $18,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Wisconsin Investment Board raised its position in TD Ameritrade Holding Corporation by 32.5% in the second quarter. State of Wisconsin Investment Board now owns 225,977 shares of the financial services provider’s stock worth $9,715,000 after buying an additional 55,480 shares during the period. Advisors Asset Management Inc. raised its position in TD Ameritrade Holding Corporation by 22.2% in the second quarter. Advisors Asset Management Inc. now owns 14,364 shares of the financial services provider’s stock worth $618,000 after buying an additional 2,607 shares during the period. Rhumbline Advisers raised its position in TD Ameritrade Holding Corporation by 0.4% in the second quarter. Rhumbline Advisers now owns 400,222 shares of the financial services provider’s stock worth $17,206,000 after buying an additional 1,727 shares during the period. DekaBank Deutsche Girozentrale raised its position in TD Ameritrade Holding Corporation by 4.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 214,371 shares of the financial services provider’s stock worth $9,182,000 after buying an additional 8,520 shares during the period. Finally, First Trust Advisors LP raised its position in TD Ameritrade Holding Corporation by 12.7% in the second quarter. First Trust Advisors LP now owns 2,890,569 shares of the financial services provider’s stock worth $124,266,000 after buying an additional 326,724 shares during the period. 90.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 44.23 on Tuesday. The stock has a market cap of $23.35 billion, a P/E ratio of 27.64 and a beta of 1.48. TD Ameritrade Holding Corporation has a 12-month low of $30.94 and a 12-month high of $47.41. The company’s 50-day moving average is $44.85 and its 200-day moving average is $40.98.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business had revenue of $931 million for the quarter, compared to analysts’ expectations of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. On average, equities research analysts anticipate that TD Ameritrade Holding Corporation will post $1.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, July 28th. TD Ameritrade Holding Corporation’s dividend payout ratio is currently 45.00%.

TRADEMARK VIOLATION NOTICE: “Riverpark Capital Management LLC Acquires 57,761 Shares of TD Ameritrade Holding Corporation (AMTD)” was published by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/riverpark-capital-management-llc-acquires-57761-shares-of-td-ameritrade-holding-corporation-amtd/1491385.html.

A number of research firms have weighed in on AMTD. Zacks Investment Research lowered shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Monday. BidaskClub lowered shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $43.00 price objective (up from $40.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $50.00 price objective (up from $46.00) on shares of TD Ameritrade Holding Corporation in a research note on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $44.50 price objective on shares of TD Ameritrade Holding Corporation in a research note on Friday, July 14th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. TD Ameritrade Holding Corporation presently has a consensus rating of “Buy” and an average target price of $44.47.

In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $40.45, for a total transaction of $404,500.00. Following the transaction, the director now owns 170,000 shares in the company, valued at approximately $6,876,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

About TD Ameritrade Holding Corporation

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.

Want to see what other hedge funds are holding AMTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD Ameritrade Holding Corporation (NASDAQ:AMTD).

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.