Korea Investment CORP raised its position in TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,713 shares of the financial services provider’s stock after buying an additional 15,331 shares during the period. Korea Investment CORP owned approximately 0.07% of TD Ameritrade Holding Corporation worth $16,969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position 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 buying an additional 12,615,921 shares in the last quarter. Wellington Management Group LLP raised its position 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 buying an additional 4,514,083 shares in the last quarter. FMR LLC raised its position 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 buying an additional 4,511,989 shares in the last quarter. Janus Capital Management LLC raised its position 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 buying an additional 2,582,698 shares in the last quarter. Finally, Westpac Banking Corp raised its position in shares of TD Ameritrade Holding Corporation by 119.5% in the first quarter. Westpac Banking Corp now owns 3,271,459 shares of the financial services provider’s stock worth $135,516,000 after buying an additional 1,780,920 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 Corporation (AMTD) opened at 45.29 on Monday. TD Ameritrade Holding Corporation has a 12 month low of $29.51 and a 12 month high of $47.41. The stock has a market capitalization of $23.91 billion, a P/E ratio of 28.31 and a beta of 1.48. The stock has a 50 day moving average price of $43.84 and a 200 day moving average price of $41.06.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 16.09% and a net margin of 24.01%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. On average, analysts anticipate that TD Ameritrade Holding Corporation will post $1.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, July 28th. TD Ameritrade Holding Corporation’s payout ratio is 45.00%.

WARNING: This piece was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/07/td-ameritrade-holding-corporation-amtd-stake-raised-by-korea-investment-corp.html.

AMTD has been the topic of a number of recent analyst reports. Instinet reaffirmed a “buy” rating and set a $49.00 price objective (up previously from $48.00) on shares of TD Ameritrade Holding Corporation in a report on Friday, April 14th. Wells Fargo & Company raised TD Ameritrade Holding Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, May 15th. Zacks Investment Research raised TD Ameritrade Holding Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $39.00 price objective on shares of TD Ameritrade Holding Corporation in a report on Saturday, April 22nd. Finally, Credit Suisse Group reiterated a “buy” rating and set a $48.00 target price on shares of TD Ameritrade Holding Corporation in a research report on Thursday, April 13th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. TD Ameritrade Holding Corporation has a consensus rating of “Buy” and a consensus price target of $44.47.

In related news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade Holding Corporation stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $40.45, for a total value of $404,500.00. Following the transaction, the director now directly owns 170,000 shares in the company, valued at approximately $6,876,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

TD Ameritrade Holding Corporation 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.

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 MarketBeat.com's FREE daily email newsletter.