Russell Investments Group Ltd. increased its position in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 62.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,190,982 shares of the financial services provider’s stock after buying an additional 843,546 shares during the period. Russell Investments Group Ltd. owned about 0.41% of TD Ameritrade Holding Corporation worth $94,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in TD Ameritrade Holding Corporation by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock worth $171,000 after buying an additional 44 shares in the last quarter. Valley National Advisers Inc. raised its position in TD Ameritrade Holding Corporation by 6.1% in the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock worth $126,000 after buying an additional 188 shares in the last quarter. Pacer Advisors Inc. raised its position in TD Ameritrade Holding Corporation by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,061 shares of the financial services provider’s stock worth $236,000 after buying an additional 192 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of TD Ameritrade Holding Corporation by 3.0% in the second quarter. Capstone Asset Management Co. now owns 7,307 shares of the financial services provider’s stock worth $314,000 after buying an additional 210 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of TD Ameritrade Holding Corporation by 2.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,009 shares of the financial services provider’s stock worth $428,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 45.29 on Monday. The stock’s 50 day moving average price is $43.84 and its 200-day moving average price is $41.06. TD Ameritrade Holding Corporation has a 12 month low of $29.51 and a 12 month high of $47.41. The firm has a market capitalization of $23.91 billion, a price-to-earnings ratio of 28.31 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The business had revenue of $931 million for the quarter, compared to analyst estimates of $897.98 million. During the same period last year, the company earned $0.45 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. On average, equities research analysts predict that TD Ameritrade Holding Corporation will post $1.69 EPS 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 given a $0.18 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.72 annualized dividend and a dividend yield of 1.59%. TD Ameritrade Holding Corporation’s dividend payout ratio is currently 45.00%.

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A number of brokerages have issued reports on AMTD. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $44.50 price target on shares of TD Ameritrade Holding Corporation in a research report on Friday, July 14th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $46.00 price target (down previously from $48.00) on shares of TD Ameritrade Holding Corporation in a research report on Saturday, April 22nd. Morgan Stanley reiterated an “equal weight” rating and set a $43.00 price target (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a research report on Tuesday, July 25th. Credit Suisse Group reiterated a “buy” rating and set a $48.00 price target on shares of TD Ameritrade Holding Corporation in a research report on Thursday, April 13th. Finally, BidaskClub lowered TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $44.47.

In other news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $40.45, for a total value of $404,500.00. Following the transaction, the director now directly owns 170,000 shares in the company, valued at approximately $6,876,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by company insiders.

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.

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

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