CIBC Asset Management Inc Has $1,171,000 Position in TD Ameritrade Holding Corporation (NASDAQ:AMTD)

CIBC Asset Management Inc held its stake in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 27,231 shares of the financial services provider’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in TD Ameritrade Holding Corporation were worth $1,171,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Great West Life Assurance Co. Can raised its stake in shares of TD Ameritrade Holding Corporation by 145.9% in the second quarter. Great West Life Assurance Co. Can now owns 331,899 shares of the financial services provider’s stock worth $14,240,000 after buying an additional 196,923 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of TD Ameritrade Holding Corporation by 170.0% in the second quarter. Janney Montgomery Scott LLC now owns 14,645 shares of the financial services provider’s stock worth $630,000 after buying an additional 9,220 shares during the period. Strs Ohio raised its stake in shares of TD Ameritrade Holding Corporation by 51.6% in the second quarter. Strs Ohio now owns 26,631 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 9,068 shares during the period. Shell Asset Management Co. raised its stake in shares of TD Ameritrade Holding Corporation by 0.9% in the second quarter. Shell Asset Management Co. now owns 71,181 shares of the financial services provider’s stock worth $3,060,000 after buying an additional 637 shares during the period. Finally, Personal Capital Advisors Corp raised its stake in shares of TD Ameritrade Holding Corporation by 4.6% in the second quarter. Personal Capital Advisors Corp now owns 801,032 shares of the financial services provider’s stock worth $34,436,000 after buying an additional 35,183 shares during the period. Institutional investors own 90.94% of the company’s stock.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 43.82 on Friday. The company has a market cap of $23.14 billion, a PE ratio of 27.39 and a beta of 1.48. The firm’s 50-day moving average price is $44.75 and its 200-day moving average price is $41.08. TD Ameritrade Holding Corporation has a one year low of $30.85 and a one year high of $47.41.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.72 annualized dividend and a dividend yield of 1.64%. TD Ameritrade Holding Corporation’s payout ratio is 45.00%.

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A number of brokerages have recently weighed in on AMTD. BidaskClub lowered TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Morgan Stanley restated an “equal weight” rating and issued a $43.00 target price (up from $40.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, July 25th. SunTrust Banks, Inc. restated a “buy” rating and issued a $50.00 target price (up from $46.00) on shares of TD Ameritrade Holding Corporation in a research note on Wednesday, July 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.50 target price on shares of TD Ameritrade Holding Corporation in a research note on Friday, July 14th. Finally, Instinet restated a “buy” rating and issued a $49.00 target price (down from $50.00) on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $44.47.

In other news, Director Joseph H. Moglia sold 10,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $40.45, for a total value of $404,500.00. Following the completion of the sale, the director now owns 170,000 shares of the company’s stock, valued at $6,876,500. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate 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.

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

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