Walter & Keenan Financial Consulting Co. MI ADV held its position in TD Ameritrade Holding Corporation (NASDAQ:AMTD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,999 shares of the financial services provider’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in TD Ameritrade Holding Corporation were worth $387,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Janus Capital Management LLC increased its position in 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 valued at $790,037,000 after buying an additional 2,582,698 shares in the last quarter. BlackRock Inc. increased its position in 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 valued at $525,933,000 after buying an additional 12,615,921 shares in the last quarter. Vanguard Group Inc. increased its position in 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 valued at $499,616,000 after buying an additional 1,391,792 shares in the last quarter. Wellington Management Group LLP increased its position in 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 valued at $308,428,000 after buying an additional 4,514,083 shares in the last quarter. Finally, FMR LLC increased its position in 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 valued at $199,709,000 after buying an additional 4,511,989 shares in the last quarter. 90.94% of the stock is owned by institutional investors.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 44.86 on Thursday. The firm has a 50-day moving average price of $44.58 and a 200-day moving average price of $41.08. TD Ameritrade Holding Corporation has a 52 week low of $30.32 and a 52 week high of $47.41. The stock has a market cap of $23.69 billion, a PE ratio of 28.04 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $931 million during the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. On average, analysts forecast that TD Ameritrade Holding Corporation will post $1.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a $0.18 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.72 annualized dividend and a dividend yield of 1.60%. TD Ameritrade Holding Corporation’s payout ratio is 45.00%.

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AMTD has been the subject of a number of analyst reports. Deutsche Bank AG lowered their price objective on TD Ameritrade Holding Corporation from $40.00 to $39.00 and set a “hold” rating for the company in a research report on Tuesday, April 18th. BidaskClub raised TD Ameritrade Holding Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $44.50 price objective on shares of TD Ameritrade Holding Corporation in a research report on Wednesday, April 12th. SunTrust Banks, Inc. reissued a “buy” rating and set a $50.00 price objective (up from $46.00) on shares of TD Ameritrade Holding Corporation in a research report on Wednesday, July 19th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $43.00 price objective (up from $40.00) on shares of TD Ameritrade Holding Corporation in a research report on Tuesday, July 25th. Eight research 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 target price of $44.47.

In other news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade Holding Corporation stock in a transaction that occurred 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 completion of the transaction, the director now owns 170,000 shares in the company, valued at approximately $6,876,500. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.42% of the stock is currently owned by company 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.

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

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