Caisse DE Depot ET Placement DU Quebec Has $201.07 Million Position in TD Ameritrade Holding Corp. (AMTD)

Caisse DE Depot ET Placement DU Quebec increased its holdings in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,103,000 shares of the financial services provider’s stock after purchasing an additional 267,600 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.78% of TD Ameritrade worth $201,069,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMTD. World Asset Management Inc boosted its position in TD Ameritrade by 0.6% during the second quarter. World Asset Management Inc now owns 11,627 shares of the financial services provider’s stock valued at $500,000 after acquiring an additional 66 shares during the last quarter. Federated Investors Inc. PA boosted its position in TD Ameritrade by 5.1% during the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 198 shares during the last quarter. Capstone Asset Management Co. boosted its position in TD Ameritrade by 3.0% during the second quarter. Capstone Asset Management Co. now owns 7,307 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 210 shares during the last quarter. Prudential Financial Inc. boosted its position in TD Ameritrade by 2.9% during the second quarter. Prudential Financial Inc. now owns 18,016 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 500 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in TD Ameritrade by 10.1% during the second quarter. Daiwa Securities Group Inc. now owns 7,708 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 708 shares during the last quarter. 88.74% of the stock is currently owned by institutional investors.

TD Ameritrade Holding Corp. (NASDAQ AMTD) opened at $53.34 on Tuesday. TD Ameritrade Holding Corp. has a fifty-two week low of $36.12 and a fifty-two week high of $54.24. The firm has a market cap of $29,293.75, a PE ratio of 29.69, a PEG ratio of 1.72 and a beta of 1.57. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37.

TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. sell-side analysts forecast that TD Ameritrade Holding Corp. will post 2.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Monday, November 6th. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.18. TD Ameritrade’s dividend payout ratio is currently 51.22%.

A number of brokerages have commented on AMTD. BidaskClub cut shares of TD Ameritrade from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Deutsche Bank upped their price target on shares of TD Ameritrade from $49.00 to $53.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a research report on Tuesday, October 3rd. Citigroup reaffirmed a “neutral” rating and set a $50.00 price target on shares of TD Ameritrade in a research report on Tuesday, October 10th. Finally, Bank of America lowered shares of TD Ameritrade from a “buy” rating to a “neutral” rating and upped their price objective for the company from $51.00 to $52.00 in a report on Monday, October 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $49.93.

In other TD Ameritrade news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $44.66, for a total transaction of $669,900.00. Following the completion of the sale, the director now owns 155,000 shares in the company, valued at approximately $6,922,300. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

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TD Ameritrade 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 (NASDAQ:AMTD)

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