Shell Asset Management Co. Increases Stake in TD Ameritrade Holding Corporation (NASDAQ:AMTD)

Shell Asset Management Co. raised its stake in TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 0.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 71,181 shares of the financial services provider’s stock after buying an additional 637 shares during the period. Shell Asset Management Co.’s holdings in TD Ameritrade Holding Corporation were worth $3,060,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AMTD. Schwab Charles Investment Management Inc. boosted its stake in TD Ameritrade Holding Corporation by 3.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 457,856 shares of the financial services provider’s stock valued at $17,793,000 after buying an additional 13,541 shares during the last quarter. Teachers Advisors LLC boosted its stake in TD Ameritrade Holding Corporation by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 316,583 shares of the financial services provider’s stock valued at $13,803,000 after buying an additional 3,811 shares during the last quarter. BlackRock Inc. boosted its stake in 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 during the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in TD Ameritrade Holding Corporation during the first quarter valued at about $583,000. Finally, Canada Pension Plan Investment Board boosted its stake in TD Ameritrade Holding Corporation by 571.0% in the first quarter. Canada Pension Plan Investment Board now owns 484,204 shares of the financial services provider’s stock valued at $18,816,000 after buying an additional 412,039 shares during the last quarter. 90.40% of the stock is currently owned by institutional investors.

Shares of TD Ameritrade Holding Corporation (AMTD) opened at 42.43 on Friday. TD Ameritrade Holding Corporation has a 52-week low of $30.97 and a 52-week high of $47.41. The firm has a 50-day moving average of $44.93 and a 200-day moving average of $40.96. The company has a market cap of $22.40 billion, a P/E ratio of 26.52 and a beta of 1.48.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $0.72 annualized dividend and a yield of 1.70%. TD Ameritrade Holding Corporation’s dividend payout ratio is presently 45.00%.

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Several brokerages have commented on AMTD. Jefferies Group LLC restated a “hold” rating and issued a $39.00 price objective on shares of TD Ameritrade Holding Corporation in a 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 for the company in a report on Wednesday, July 12th. SunTrust Banks, Inc. restated a “buy” rating and issued a $50.00 price objective (up from $46.00) on shares of TD Ameritrade Holding Corporation in a report on Wednesday, July 19th. Deutsche Bank AG lowered their price objective on shares of TD Ameritrade Holding Corporation from $38.00 to $37.00 and set a “hold” rating for the company in a report on Monday, April 24th. Finally, Wells Fargo & Company upgraded shares of TD Ameritrade Holding Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. TD Ameritrade Holding Corporation has an average rating of “Hold” and an average target price of $44.47.

In related news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $40.45, for a total transaction of $404,500.00. Following the sale, the director now owns 170,000 shares in the company, valued at $6,876,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.42% of the stock is currently owned by company insiders.

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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