First Trust Advisors LP increased its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 12.7% during the second quarter, Holdings Channel reports. The firm owned 2,890,569 shares of the financial services provider’s stock after buying an additional 326,724 shares during the period. First Trust Advisors LP’s holdings in TD Ameritrade Holding Corp. were worth $124,266,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of TD Ameritrade Holding Corp. by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock worth $171,000 after buying an additional 44 shares during the period. World Asset Management Inc increased its stake in shares of TD Ameritrade Holding Corp. by 0.6% in the second quarter. World Asset Management Inc now owns 11,627 shares of the financial services provider’s stock worth $500,000 after buying an additional 66 shares during the period. Valley National Advisers Inc. increased its stake in shares of TD Ameritrade Holding Corp. by 6.1% in the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock worth $126,000 after buying an additional 188 shares during the period. Pacer Advisors Inc. increased its stake in shares of TD Ameritrade Holding Corp. by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,061 shares of the financial services provider’s stock worth $236,000 after buying an additional 192 shares during the period. Finally, Capstone Asset Management Co. increased its stake in shares of TD Ameritrade Holding Corp. by 3.0% in the second quarter. Capstone Asset Management Co. now owns 7,307 shares of the financial services provider’s stock worth $314,000 after buying an additional 210 shares during the period. 90.94% of the stock is owned by institutional investors and hedge funds.

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

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ 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 Corp. had a return on equity of 17.18% and a net margin of 24.81%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. Equities research analysts predict that TD Ameritrade Holding Corp. will post $1.68 EPS for the current year.

The company also recently declared 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. The ex-dividend date is Friday, July 28th. This represents a $0.72 annualized dividend and a yield of 1.65%. TD Ameritrade Holding Corp.’s dividend payout ratio is presently 45.00%.

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A number of analysts have issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $44.50 target price on shares of TD Ameritrade Holding Corp. in a research note on Friday, July 14th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $46.00 target price (down from $48.00) on shares of TD Ameritrade Holding Corp. in a research note on Saturday, April 22nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $43.00 target price (up from $40.00) on shares of TD Ameritrade Holding Corp. in a research note on Tuesday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $48.00 target price on shares of TD Ameritrade Holding Corp. in a research note on Thursday, April 13th. Finally, BidaskClub downgraded TD Ameritrade Holding Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company 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 stock was sold at an average price of $40.45, for a total transaction of $404,500.00. Following the completion of the sale, the director now directly owns 170,000 shares in the company, valued at $6,876,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

About TD Ameritrade Holding Corp.

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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