Quantitative Investment Management LLC lessened its stake in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 26.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 238,100 shares of the financial services provider’s stock after selling 87,500 shares during the quarter. Quantitative Investment Management LLC’s holdings in TD Ameritrade Holding Corporation were worth $10,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMTD. BlackRock Inc. grew its position in 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 worth $525,933,000 after buying an additional 12,615,921 shares during the last quarter. Wellington Management Group LLP grew its position in 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 worth $308,428,000 after buying an additional 4,514,083 shares during the last quarter. FMR LLC grew its position in TD Ameritrade Holding Corporation by 719.4% in the first quarter. FMR LLC now owns 5,139,189 shares of the financial services provider’s stock worth $199,709,000 after buying an additional 4,511,989 shares during the last quarter. BT Investment Management Ltd acquired a new position in TD Ameritrade Holding Corporation in the second quarter worth approximately $148,207,000. Finally, Janus Capital Management LLC grew its position in TD Ameritrade Holding Corporation by 14.6% in the first quarter. Janus Capital Management LLC now owns 20,330,486 shares of the financial services provider’s stock worth $790,037,000 after buying an additional 2,582,698 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

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In other news, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of the business’s stock in a transaction on Monday, September 18th. The stock was purchased at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph H. Moglia sold 15,000 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the completion of the sale, the director now owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Shares of TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 46.67 on Friday. The company has a 50 day moving average of $43.85 and a 200 day moving average of $41.09. TD Ameritrade Holding Corporation has a 1-year low of $31.95 and a 1-year high of $47.41. The firm has a market cap of $24.65 billion, a price-to-earnings ratio of 29.17 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 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 business had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $897.98 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. On average, equities analysts forecast that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current fiscal year.

Several research analysts have issued reports on AMTD shares. Jefferies Group LLC lifted their price target on shares of TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, June 19th. BidaskClub upgraded shares of TD Ameritrade Holding Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded 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 research report on Wednesday, July 12th. Rosenblatt Securities started coverage on shares of TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Nomura decreased 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 research report on Thursday, July 13th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. TD Ameritrade Holding Corporation presently has a consensus 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.

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

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