World Asset Management Inc increased its position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 11,627 shares of the financial services provider’s stock after buying an additional 66 shares during the period. World Asset Management Inc’s holdings in TD Ameritrade Holding Corp. were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMTD. Teachers Advisors LLC raised its position in shares of TD Ameritrade Holding Corp. 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 in the last quarter. Gulf International Bank UK Ltd raised its position in shares of TD Ameritrade Holding Corp. by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 81,088 shares of the financial services provider’s stock worth $3,151,000 after buying an additional 1,200 shares in the last quarter. National Pension Service bought a new position in shares of TD Ameritrade Holding Corp. during the first quarter worth $10,487,000. Bank of Montreal Can raised its position in shares of TD Ameritrade Holding Corp. by 30.8% in the first quarter. Bank of Montreal Can now owns 507,739 shares of the financial services provider’s stock worth $19,731,000 after buying an additional 119,649 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of TD Ameritrade Holding Corp. by 8.7% in the first quarter. Capstone Asset Management Co. now owns 7,097 shares of the financial services provider’s stock worth $276,000 after buying an additional 570 shares in the last quarter. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TD Ameritrade Holding Corp. (NASDAQ AMTD) opened at 43.60 on Friday. The firm has a market cap of $23.02 billion, a P/E ratio of 27.25 and a beta of 1.48. TD Ameritrade Holding Corp. has a one year low of $30.32 and a one year high of $47.41. The stock’s 50 day moving average is $44.66 and its 200-day moving average is $41.10.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corp. had a net margin of 24.81% and a return on equity of 17.18%. The company had revenue of $931 million for the quarter, compared to the consensus estimate of $897.98 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate that TD Ameritrade Holding Corp. will post $1.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, July 28th. TD Ameritrade Holding Corp.’s dividend payout ratio (DPR) is presently 45.00%.

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A number of research analysts recently weighed in on AMTD shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $48.00 price target on shares of TD Ameritrade Holding Corp. in a research note on Thursday, April 13th. Instinet reiterated a “buy” rating and issued a $49.00 price objective (up previously from $48.00) on shares of TD Ameritrade Holding Corp. in a report on Friday, April 14th. Deutsche Bank AG cut their price objective on shares of TD Ameritrade Holding Corp. from $40.00 to $39.00 and set a “hold” rating for the company in a report on Tuesday, April 18th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $46.00 price objective (down previously from $48.00) on shares of TD Ameritrade Holding Corp. in a report on Saturday, April 22nd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $39.00 price objective on shares of TD Ameritrade Holding Corp. in a report on Saturday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.47.

In other TD Ameritrade Holding Corp. 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 value of $404,500.00. Following the sale, the director now owns 170,000 shares of the company’s stock, valued at $6,876,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

TD Ameritrade Holding Corp. 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 Corp. (NASDAQ:AMTD)

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