Candriam Luxembourg S.C.A. reduced its stake in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,720 shares of the financial services provider’s stock after selling 500 shares during the period. Candriam Luxembourg S.C.A.’s holdings in TD Ameritrade Holding Corporation were worth $891,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Teachers Advisors LLC increased its stake in shares of 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 in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of TD Ameritrade Holding Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 81,088 shares of the financial services provider’s stock valued at $3,151,000 after buying an additional 1,200 shares in the last quarter. National Pension Service purchased a new stake in shares of TD Ameritrade Holding Corporation during the first quarter valued at approximately $10,487,000. Bank of Montreal Can increased its stake in shares of TD Ameritrade Holding Corporation by 30.8% in the first quarter. Bank of Montreal Can now owns 507,739 shares of the financial services provider’s stock valued at $19,731,000 after buying an additional 119,649 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of TD Ameritrade Holding Corporation by 8.7% in the first quarter. Capstone Asset Management Co. now owns 7,097 shares of the financial services provider’s stock valued at $276,000 after buying an additional 570 shares in the last quarter. Institutional investors own 90.40% of the company’s stock.

TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 43.82 on Monday. TD Ameritrade Holding Corporation has a 52-week low of $30.32 and a 52-week high of $47.41. The firm’s 50 day moving average is $44.75 and its 200 day moving average is $41.08. The company has a market cap of $23.14 billion, a PE ratio of 27.39 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its 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 net margin of 24.01% and a return on equity of 16.09%. The company had revenue of $931 million for the quarter, compared to analysts’ expectations of $897.98 million. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts forecast that TD Ameritrade Holding Corporation will post $1.68 EPS for the current fiscal year.

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

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Several analysts have recently commented on AMTD shares. Deutsche Bank AG reduced their target price on TD Ameritrade Holding Corporation from $40.00 to $39.00 and set a “hold” rating for the company in a research note on Tuesday, April 18th. SunTrust Banks, Inc. restated a “buy” rating and issued a $46.00 target price (down from $48.00) on shares of TD Ameritrade Holding Corporation in a research note on Saturday, April 22nd. Jefferies Group LLC restated a “hold” rating and issued a $39.00 target price on shares of TD Ameritrade Holding Corporation in a research note on Saturday, April 22nd. Zacks Investment Research upgraded TD Ameritrade Holding Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Wells Fargo & Company upgraded TD Ameritrade Holding Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, May 15th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” 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 that occurred on Thursday, June 15th. The shares were sold at an average price of $40.45, for a total value of $404,500.00. Following the sale, the director now owns 170,000 shares in the company, valued at $6,876,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

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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