Salem Investment Counselors Inc. held its stake in TD Ameritrade Holding Corporation (NASDAQ:AMTD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,313 shares of the financial services provider’s stock at the end of the second quarter. Salem Investment Counselors Inc.’s holdings in TD Ameritrade Holding Corporation were worth $357,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. grew its stake in TD Ameritrade Holding Corporation by 11.7% during the first quarter. UBS Asset Management Americas Inc. now owns 725,859 shares of the financial services provider’s stock worth $28,207,000 after purchasing an additional 76,305 shares during the period. Pacer Advisors Inc. increased its holdings 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 purchasing an additional 192 shares in the last quarter. M&T Bank Corp increased its holdings in TD Ameritrade Holding Corporation by 7.0% in the first quarter. M&T Bank Corp now owns 12,443 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 815 shares in the last quarter. SG Americas Securities LLC increased its holdings in TD Ameritrade Holding Corporation by 222.3% in the first quarter. SG Americas Securities LLC now owns 18,837 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 12,993 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in TD Ameritrade Holding Corporation by 10.7% in the first quarter. Victory Capital Management Inc. now owns 23,734 shares of the financial services provider’s stock worth $922,000 after purchasing an additional 2,303 shares in the last quarter. 93.54% of the stock is currently owned by institutional investors.

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Shares of TD Ameritrade Holding Corporation (AMTD) traded down 0.04% during mid-day trading on Tuesday, hitting $49.03. The stock had a trading volume of 223,309 shares. The stock’s 50-day moving average price is $44.59 and its 200-day moving average price is $41.62. TD Ameritrade Holding Corporation has a 52-week low of $33.26 and a 52-week high of $49.46. The firm has a market cap of $25.90 billion, a PE ratio of 30.64 and a beta of 1.55.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, beating 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 $931.00 million during the quarter, compared to the consensus estimate of $897.98 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts anticipate that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current fiscal year.

AMTD has been the topic of several recent analyst reports. Jefferies Group LLC boosted their price target on TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, June 19th. BidaskClub raised 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 objective for the company in a research note on Wednesday, July 12th. Rosenblatt Securities began coverage on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Nomura dropped their target price 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 equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.43.

In other TD Ameritrade Holding Corporation news, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of TD Ameritrade Holding Corporation stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph H. Moglia sold 15,000 shares of TD Ameritrade Holding Corporation 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 owns 155,000 shares of the company’s stock, valued at $6,922,300. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

TD Ameritrade Holding Corporation Company 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.

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

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