Neuburgh Advisers LLC Purchases Shares of 5,808 TD Ameritrade Holding Corp. (NASDAQ:AMTD)

Neuburgh Advisers LLC purchased a new stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,808 shares of the financial services provider’s stock, valued at approximately $290,000.

A number of other hedge funds have also recently added to or reduced their stakes in AMTD. Geode Capital Management LLC lifted its stake in shares of TD Ameritrade by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,372,048 shares of the financial services provider’s stock valued at $116,046,000 after buying an additional 50,352 shares during the period. SG Americas Securities LLC lifted its stake in shares of TD Ameritrade by 9.4% in the first quarter. SG Americas Securities LLC now owns 7,244 shares of the financial services provider’s stock valued at $362,000 after buying an additional 621 shares during the period. Alps Advisors Inc. bought a new stake in shares of TD Ameritrade in the first quarter valued at about $369,000. Rhumbline Advisers lifted its stake in shares of TD Ameritrade by 12.0% in the first quarter. Rhumbline Advisers now owns 304,616 shares of the financial services provider’s stock valued at $15,228,000 after buying an additional 32,641 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its stake in shares of TD Ameritrade by 10.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 20,990 shares of the financial services provider’s stock valued at $1,049,000 after buying an additional 2,055 shares during the period. Institutional investors own 91.61% of the company’s stock.

AMTD has been the subject of several recent research reports. Morgan Stanley increased their price target on shares of TD Ameritrade from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. UBS Group dropped their price target on shares of TD Ameritrade from $65.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, June 24th. Compass Point set a $58.00 price target on shares of TD Ameritrade and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Barclays dropped their price target on shares of TD Ameritrade from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, July 23rd. Finally, Deutsche Bank dropped their price target on shares of TD Ameritrade from $47.00 to $46.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $56.55.

NASDAQ:AMTD traded up $0.31 during mid-day trading on Thursday, hitting $49.38. The company’s stock had a trading volume of 576,889 shares, compared to its average volume of 2,358,044. The company has a market capitalization of $26.74 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.08 and a beta of 1.20. The stock has a fifty day moving average of $46.27 and a 200-day moving average of $50.76. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.42. TD Ameritrade Holding Corp. has a fifty-two week low of $42.14 and a fifty-two week high of $57.88.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, July 22nd. The financial services provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.07. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.47 billion. TD Ameritrade had a net margin of 36.07% and a return on equity of 27.13%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.89 earnings per share. On average, equities analysts anticipate that TD Ameritrade Holding Corp. will post 4.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.43%. TD Ameritrade’s dividend payout ratio is presently 35.93%.

About TD Ameritrade

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.

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

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