Boston Partners reduced its stake in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 35.4% during the second quarter, Holdings Channel reports. The firm owned 4,111,773 shares of the financial services provider’s stock after selling 2,249,086 shares during the period. Boston Partners’ holdings in TD Ameritrade Holding Corporation were worth $176,765,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMTD. Janus Capital Management LLC increased 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 valued at $790,037,000 after buying an additional 2,582,698 shares in the last quarter. BlackRock Inc. increased 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 valued at $525,933,000 after buying an additional 12,615,921 shares in the last quarter. Vanguard Group Inc. increased 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 valued at $499,616,000 after buying an additional 1,391,792 shares in the last quarter. Wellington Management Group LLP increased 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 valued at $308,428,000 after buying an additional 4,514,083 shares in the last quarter. Finally, FMR LLC increased 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 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 and hedge funds.

Shares of TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 43.82 on Friday. The company has a 50 day moving average of $44.75 and a 200-day moving average of $41.08. TD Ameritrade Holding Corporation has a 12-month low of $30.85 and a 12-month high of $47.41. The company has a market capitalization of $23.14 billion, a P/E ratio of 27.39 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The company had revenue of $931 million for the quarter, compared to the consensus estimate of $897.98 million. During the same period in the prior year, the company posted $0.45 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts anticipate that TD Ameritrade Holding Corporation will post $1.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.18 per share. The ex-dividend date is Friday, July 28th. This represents a $0.72 dividend on an annualized basis and a yield of 1.64%. TD Ameritrade Holding Corporation’s payout ratio is presently 45.00%.

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AMTD has been the topic of several recent research reports. Instinet reiterated a “buy” rating and issued a $49.00 price objective (up from $48.00) on shares of TD Ameritrade Holding Corporation in a research report on Friday, April 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $39.00 price objective on shares of TD Ameritrade Holding Corporation in a research report on Saturday, April 22nd. Zacks Investment Research upgraded shares of TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, July 12th. Deutsche Bank AG cut their price objective on shares of TD Ameritrade Holding Corporation from $40.00 to $39.00 and set a “hold” rating on the stock in a research report on Tuesday, April 18th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $50.00 price objective (up from $46.00) on shares of TD Ameritrade Holding Corporation in a research report on Wednesday, July 19th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $44.47.

In other TD Ameritrade Holding Corporation 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 transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

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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