Baillie Gifford & Co. cut its position in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,447,133 shares of the financial services provider’s stock after selling 210,912 shares during the period. TD Ameritrade Holding Corporation accounts for 1.1% of Baillie Gifford & Co.’s holdings, making the stock its 17th biggest position. Baillie Gifford & Co. owned about 3.68% of TD Ameritrade Holding Corporation worth $836,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its holdings in TD Ameritrade Holding Corporation by 1.0% during 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. World Asset Management Inc boosted its holdings in TD Ameritrade Holding Corporation by 0.6% during the second quarter. World Asset Management Inc now owns 11,627 shares of the financial services provider’s stock worth $500,000 after buying an additional 66 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in TD Ameritrade Holding Corporation by 6.1% during 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. boosted its holdings in TD Ameritrade Holding Corporation by 3.3% during 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. Finally, Federated Investors Inc. PA boosted its holdings in TD Ameritrade Holding Corporation by 5.1% during the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after buying an additional 198 shares in the last quarter. 93.55% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on AMTD. BidaskClub downgraded shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Nomura lowered their price target on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Zacks Investment Research raised shares of TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, July 12th. Wells Fargo & Company raised shares of TD Ameritrade Holding Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, May 15th. Finally, Instinet reissued a “buy” rating and set a $49.00 price target (down from $50.00) on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.33.

In related news, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction dated 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 directly owns 170,000 shares in the company, valued at approximately $6,876,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is owned by insiders.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up 1.11% during midday trading on Friday, hitting $42.96. 1,701,421 shares of the stock were exchanged. TD Ameritrade Holding Corporation has a 12-month low of $31.65 and a 12-month high of $47.41. The firm has a 50-day moving average price of $44.14 and a 200 day moving average price of $40.95. The firm has a market cap of $22.69 billion, a PE ratio of 26.85 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, topping the 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 business had revenue of $931 million for the quarter, compared to analyst estimates of $897.98 million. During the same period in the previous year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that TD Ameritrade Holding Corporation will post $1.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were given a $0.18 dividend. The ex-dividend date was Friday, July 28th. This represents a $0.72 annualized dividend and a dividend yield of 1.68%. TD Ameritrade Holding Corporation’s dividend payout ratio is presently 45.00%.

TRADEMARK VIOLATION WARNING: “TD Ameritrade Holding Corporation (AMTD) Position Cut by Baillie Gifford & Co.” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/09/09/td-ameritrade-holding-corporation-amtd-position-cut-by-baillie-gifford-co.html.

TD Ameritrade Holding Corporation 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.

Want to see what other hedge funds are holding AMTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD Ameritrade Holding Corporation (NASDAQ:AMTD).

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

Receive News & Stock Ratings for TD Ameritrade Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade Holding Corporation and related stocks with our FREE daily email newsletter.