TD Ameritrade Holding Corporation (AMTD) Stake Boosted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,904 shares of the financial services provider’s stock after purchasing an additional 1,133 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in TD Ameritrade Holding Corporation were worth $769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Delta Lloyd Asset Management N.V. purchased a new position in shares of TD Ameritrade Holding Corporation in the 2nd quarter worth about $1,459,000. Principal Financial Group Inc. raised its position in shares of TD Ameritrade Holding Corporation by 71.7% in the 1st quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock worth $3,087,000 after purchasing an additional 33,172 shares during the last quarter. Amalgamated Bank raised its position in shares of TD Ameritrade Holding Corporation by 75.7% in the 2nd quarter. Amalgamated Bank now owns 25,879 shares of the financial services provider’s stock worth $1,113,000 after purchasing an additional 11,154 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of TD Ameritrade Holding Corporation by 71.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,023 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of TD Ameritrade Holding Corporation by 5.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 812,490 shares of the financial services provider’s stock worth $34,929,000 after purchasing an additional 39,321 shares during the last quarter. 94.47% of the stock is owned by hedge funds and other institutional investors.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at $48.74 on Friday. The stock has a market capitalization of $25,930.00, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.66 and a beta of 1.57. TD Ameritrade Holding Corporation has a 52 week low of $36.12 and a 52 week high of $51.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.16 and a current ratio of 1.13.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.21 per share. This is an increase from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Monday, November 6th. TD Ameritrade Holding Corporation’s payout ratio is currently 51.22%.

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Several equities analysts have recently issued reports on AMTD shares. Zacks Investment Research raised 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 report on Friday, September 1st. Deutsche Bank AG lifted their price target on TD Ameritrade Holding Corporation from $49.00 to $53.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $46.00 price target on shares of TD Ameritrade Holding Corporation in a research report on Friday, October 6th. Morgan Stanley lifted their price target on TD Ameritrade Holding Corporation from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Finally, BidaskClub raised TD Ameritrade Holding Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $50.14.

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