Schwab Charles Investment Management Inc. increased its stake in TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 482,646 shares of the financial services provider’s stock after acquiring an additional 24,790 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.09% of TD Ameritrade Holding Corporation worth $20,749,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Janus Capital Management LLC lifted its stake in shares of TD Ameritrade Holding Corporation by 14.6% in the first quarter. Janus Capital Management LLC now owns 20,330,486 shares of the financial services provider’s stock worth $790,037,000 after acquiring an additional 2,582,698 shares during the period. BlackRock Inc. lifted its stake 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 acquiring an additional 12,615,921 shares during the period. Vanguard Group Inc. lifted its stake in shares of TD Ameritrade Holding Corporation by 12.1% in the first quarter. Vanguard Group Inc. now owns 12,856,827 shares of the financial services provider’s stock worth $499,616,000 after acquiring an additional 1,391,792 shares during the period. Wellington Management Group LLP lifted its stake in shares of TD Ameritrade Holding Corporation by 131.9% in the first quarter. Wellington Management Group LLP now owns 7,936,910 shares of the financial services provider’s stock worth $308,428,000 after acquiring an additional 4,514,083 shares during the period. Finally, FMR LLC lifted its stake in shares of TD Ameritrade Holding Corporation by 719.4% in the first quarter. FMR LLC now owns 5,139,189 shares of the financial services provider’s stock worth $199,709,000 after acquiring an additional 4,511,989 shares during the period. 93.52% of the stock is currently owned by institutional investors.

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In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $44.66, for a total value of $669,900.00. Following the completion of the sale, the director now owns 155,000 shares in the company, valued at approximately $6,922,300. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.42% of the company’s stock.

TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 46.06 on Wednesday. The firm has a market capitalization of $24.33 billion, a price-to-earnings ratio of 28.79 and a beta of 1.48. 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 has a 52 week low of $31.95 and a 52 week high of $47.41.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The business had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $897.98 million. During the same quarter last year, the business posted $0.45 EPS. The business’s revenue was up 11.1% on a year-over-year basis. On average, equities research analysts forecast that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. BidaskClub raised TD Ameritrade Holding Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Zacks Investment Research raised TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday, September 12th. 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. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. TD Ameritrade Holding Corporation currently has a consensus rating of “Buy” and an average target price of $44.40.

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.

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

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