Bank of New York Mellon Corp lowered its position in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 3.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,166,298 shares of the financial services provider’s stock after selling 129,262 shares during the period. Bank of New York Mellon Corp owned approximately 0.60% of TD Ameritrade Holding Corporation worth $154,515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMTD. Crow Point Partners LLC bought a new stake in shares of TD Ameritrade Holding Corporation in the third quarter worth $102,000. Federated Investors Inc. PA increased its stake in shares of TD Ameritrade Holding Corporation by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after buying an additional 198 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of TD Ameritrade Holding Corporation by 27.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock worth $199,000 after buying an additional 1,008 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of TD Ameritrade Holding Corporation in the third quarter worth $203,000. Finally, Letko Brosseau & Associates Inc. bought a new stake in shares of TD Ameritrade Holding Corporation in the second quarter worth $215,000. Institutional investors own 94.87% of the company’s stock.

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TD Ameritrade Holding Corporation (AMTD) opened at $48.99 on Tuesday. TD Ameritrade Holding Corporation has a 1-year low of $36.12 and a 1-year high of $51.22. The stock has a market cap of $25,740.00, a price-to-earnings ratio of 28.01, a PEG ratio of 1.63 and a beta of 1.57. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.35.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. TD Ameritrade Holding Corporation had a net margin of 23.72% and a return on equity of 15.91%. The company had revenue of $983.00 million during the quarter, compared to the consensus estimate of $958.57 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. sell-side analysts expect that TD Ameritrade Holding Corporation will post 2.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.21 per share. This is an increase from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 1.71%. TD Ameritrade Holding Corporation’s payout ratio is 51.22%.

A number of analysts recently issued reports on AMTD shares. Zacks Investment Research upgraded shares of TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Friday, September 1st. Deutsche Bank AG lifted their price target on shares of TD Ameritrade Holding Corporation from $49.00 to $53.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Jefferies Group LLC restated a “hold” rating and issued a $46.00 price target on shares of TD Ameritrade Holding Corporation in a research note on Friday, October 6th. Morgan Stanley lifted their price target on shares of TD Ameritrade Holding Corporation from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Finally, BidaskClub upgraded shares of TD Ameritrade Holding Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. TD Ameritrade Holding Corporation presently has a consensus rating of “Buy” and a consensus price target of $50.14.

In other news, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of TD Ameritrade Holding Corporation stock in a transaction dated Monday, September 18th. The stock was bought at an average price of $36.12 per share, with a total value of $399,999,995.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph H. Moglia sold 15,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the transaction, the director now directly owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The disclosure for this sale can be found here. 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.

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

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