RiverPark Advisors LLC decreased its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,975 shares of the financial services provider’s stock after selling 2,490 shares during the period. RiverPark Advisors LLC’s holdings in TD Ameritrade were worth $4,049,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings in shares of TD Ameritrade by 5.0% in the 3rd quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock valued at $11,419,426,000 after buying an additional 11,082,105 shares during the period. Janus Henderson Group PLC boosted its stake in TD Ameritrade by 26,316.9% in the 2nd quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock worth $877,208,000 after purchasing an additional 20,327,705 shares during the period. Vanguard Group Inc. boosted its stake in TD Ameritrade by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 13,265,664 shares of the financial services provider’s stock worth $570,291,000 after purchasing an additional 408,837 shares during the period. FMR LLC boosted its stake in TD Ameritrade by 103.8% in the 2nd quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock worth $450,351,000 after purchasing an additional 5,336,529 shares during the period. Finally, RPTC Inc. acquired a new position in TD Ameritrade in the 2nd quarter worth $402,937,000. 88.74% of the stock is owned by institutional investors.

Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at $51.75 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. TD Ameritrade Holding Corp. has a 52-week low of $36.12 and a 52-week high of $54.24. The company has a market cap of $29,480.00, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.78 and a beta of 1.57.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The company had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $958.57 million. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. TD Ameritrade’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. sell-side analysts anticipate that TD Ameritrade Holding Corp. will post 2.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, November 6th. TD Ameritrade’s dividend payout ratio is presently 51.22%.

A number of brokerages recently weighed in on AMTD. Zacks Investment Research lowered shares of TD Ameritrade from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 2nd. Citigroup reaffirmed a “neutral” rating and issued a $50.00 target price on shares of TD Ameritrade in a research note on Tuesday, October 10th. Credit Suisse Group began coverage on shares of TD Ameritrade in a research note on Thursday, November 30th. They issued an “underperform” rating and a $45.00 target price for the company. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $53.00 target price on shares of TD Ameritrade in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. TD Ameritrade has a consensus rating of “Buy” and an average price target of $49.93.

In other news, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $44.66, for a total value of $669,900.00. Following the sale, the director now directly owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was purchased at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.

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TD Ameritrade 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.

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

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