Select Equity Group L.P. Sells 13,115 Shares of TD Ameritrade Holding Corp. (AMTD)
Select Equity Group L.P. cut its holdings in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,991 shares of the financial services provider’s stock after selling 13,115 shares during the quarter. Select Equity Group L.P.’s holdings in TD Ameritrade were worth $5,586,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in shares of TD Ameritrade by 4.0% during the second quarter. Janus Henderson Group PLC now owns 21,835,182 shares of the financial services provider’s stock worth $1,195,913,000 after purchasing an additional 848,903 shares during the period. FMR LLC increased its stake in TD Ameritrade by 13.7% in the second quarter. FMR LLC now owns 17,201,763 shares of the financial services provider’s stock valued at $942,141,000 after acquiring an additional 2,071,893 shares during the last quarter. BlackRock Inc. increased its stake in TD Ameritrade by 13.0% in the first quarter. BlackRock Inc. now owns 15,826,734 shares of the financial services provider’s stock valued at $937,416,000 after acquiring an additional 1,823,164 shares during the last quarter. Baillie Gifford & Co. increased its stake in TD Ameritrade by 1.6% in the first quarter. Baillie Gifford & Co. now owns 9,133,945 shares of the financial services provider’s stock valued at $541,005,000 after acquiring an additional 143,220 shares during the last quarter. Finally, Boston Partners increased its stake in TD Ameritrade by 9.7% in the second quarter. Boston Partners now owns 9,039,655 shares of the financial services provider’s stock valued at $495,102,000 after acquiring an additional 802,966 shares during the last quarter. 90.96% of the stock is currently owned by institutional investors.
In related news, EVP Peter J. Desilva bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were purchased at an average price of $56.73 per share, for a total transaction of $283,650.00. Following the completion of the transaction, the executive vice president now directly owns 24,000 shares of the company’s stock, valued at approximately $1,361,520. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.44% of the company’s stock.
TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Monday, July 23rd. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. TD Ameritrade had a net margin of 24.42% and a return on equity of 21.71%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 48.4% on a year-over-year basis. equities analysts anticipate that TD Ameritrade Holding Corp. will post 3.29 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 21st. Shareholders of record on Tuesday, August 7th were given a $0.21 dividend. The ex-dividend date was Monday, August 6th. This represents a $0.84 dividend on an annualized basis and a yield of 1.52%. TD Ameritrade’s dividend payout ratio is currently 45.65%.
A number of research analysts recently issued reports on the stock. ValuEngine raised shares of TD Ameritrade from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. BidaskClub raised shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 8th. Compass Point assumed coverage on shares of TD Ameritrade in a research note on Monday, June 4th. They issued a “buy” rating and a $74.00 price objective on the stock. Bank of America set a $67.00 price objective on shares of TD Ameritrade and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Barclays lifted their price objective on shares of TD Ameritrade from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, July 25th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $65.19.
About TD Ameritrade
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
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