TD Ameritrade Holding Corporation (NASDAQ:AMTD) Director Joseph H. Moglia sold 15,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $44.66, for a total value of $669,900.00. Following the completion of the sale, the director now directly owns 155,000 shares of the company’s stock, valued at $6,922,300. The sale was disclosed in a filing with the SEC, which is available at this link.

TD Ameritrade Holding Corporation (AMTD) opened at 45.65 on Tuesday. TD Ameritrade Holding Corporation has a 12 month low of $31.95 and a 12 month high of $47.41. The firm has a market capitalization of $24.11 billion, a price-to-earnings ratio of 28.53 and a beta of 1.48. The firm has a 50-day moving average price of $43.84 and a 200 day moving average price of $41.04.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $931.00 million for the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. TD Ameritrade Holding Corporation’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, equities analysts forecast that TD Ameritrade Holding Corporation will post $1.69 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in AMTD. Janus Henderson Group PLC increased its position in TD Ameritrade Holding Corporation by 26,316.9% during the second quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock worth $877,208,000 after buying an additional 20,327,705 shares during the last quarter. BlackRock Inc. grew its position in shares of TD Ameritrade Holding Corporation by 1,374.1% in the first quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock valued at $525,933,000 after purchasing an additional 12,615,921 shares during the last quarter. RPTC Inc. acquired a new position in shares of TD Ameritrade Holding Corporation in the second quarter valued at approximately $402,937,000. FMR LLC grew its position in shares of TD Ameritrade Holding Corporation by 103.8% in the second quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock valued at $450,351,000 after purchasing an additional 5,336,529 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of TD Ameritrade Holding Corporation by 131.9% in the first quarter. Wellington Management Group LLP now owns 7,936,910 shares of the financial services provider’s stock valued at $308,428,000 after purchasing an additional 4,514,083 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $44.50 price objective on shares of TD Ameritrade Holding Corporation in a research note on Friday, July 14th. BidaskClub raised TD Ameritrade Holding Corporation from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Instinet reissued a “buy” rating and issued a $49.00 price objective (down from $50.00) on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. Finally, Nomura reduced their price objective on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.40.

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.

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