Aviva PLC Grows Stake in TD Ameritrade Holding Corp. (AMTD)

Aviva PLC grew its position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,702 shares of the financial services provider’s stock after purchasing an additional 1,597 shares during the quarter. Aviva PLC’s holdings in TD Ameritrade were worth $7,871,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMTD. Advisors Preferred LLC purchased a new position in TD Ameritrade in the first quarter worth $103,000. Summit Trail Advisors LLC boosted its stake in TD Ameritrade by 6,041.6% in the 1st quarter. Summit Trail Advisors LLC now owns 171,903 shares of the financial services provider’s stock worth $172,000 after buying an additional 169,104 shares during the last quarter. First Mercantile Trust Co. acquired a new position in shares of TD Ameritrade in the 1st quarter valued at about $186,000. D.B. Root & Company LLC acquired a new position in shares of TD Ameritrade in the 1st quarter valued at about $201,000. Finally, Symphony Asset Management LLC purchased a new stake in shares of TD Ameritrade during the 1st quarter valued at about $214,000. 91.04% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Peter J. Desilva acquired 5,000 shares of TD Ameritrade stock in a transaction dated Tuesday, August 21st. The stock was bought at an average price of $56.73 per share, for a total transaction of $283,650.00. Following the completion of the acquisition, the executive vice president now directly owns 24,000 shares in the company, valued at approximately $1,361,520. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the completion of the sale, the director now owns 125,000 shares of the company’s stock, valued at $7,500,000. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

A number of brokerages have recently weighed in on AMTD. BidaskClub downgraded TD Ameritrade from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. Jefferies Financial Group reiterated a “hold” rating and set a $62.00 price target on shares of TD Ameritrade in a research report on Friday, July 13th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $68.50 price objective on shares of TD Ameritrade in a research note on Tuesday, July 24th. ValuEngine lowered TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. Finally, Raymond James dropped their price target on TD Ameritrade from $74.00 to $71.00 and set an “outperform” rating on the stock in a research report on Friday, July 13th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $65.19.

AMTD traded down $0.09 during mid-day trading on Friday, reaching $58.57. The stock had a trading volume of 1,621,000 shares, compared to its average volume of 2,654,965. TD Ameritrade Holding Corp. has a 52 week low of $42.14 and a 52 week high of $63.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $33.50 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 0.63 and a beta of 1.32.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Monday, July 23rd. The financial services provider reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.10. TD Ameritrade had a return on equity of 21.71% and a net margin of 24.42%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue was up 48.4% compared to the same quarter last year. research analysts forecast that TD Ameritrade Holding Corp. will post 3.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 21st. Investors of record on Tuesday, August 7th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, August 6th. TD Ameritrade’s dividend payout ratio is currently 45.65%.

TD Ameritrade Company Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.

See Also: Asset Allocation, Balancing Your Investments

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

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