Virginia Retirement Systems ET AL Sells 500 Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD)

Virginia Retirement Systems ET AL lowered its holdings in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,600 shares of the financial services provider’s stock after selling 500 shares during the period. Virginia Retirement Systems ET AL owned about 0.06% of TD Ameritrade worth $16,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD lifted its stake in TD Ameritrade by 1.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 17,721 shares of the financial services provider’s stock valued at $885,000 after acquiring an additional 247 shares during the last quarter. Gulf International Bank UK Ltd lifted its stake in TD Ameritrade by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 62,741 shares of the financial services provider’s stock valued at $3,136,000 after acquiring an additional 400 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in TD Ameritrade by 10.6% in the first quarter. Bridges Investment Management Inc. now owns 4,700 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 450 shares during the last quarter. World Asset Management Inc lifted its stake in TD Ameritrade by 5.3% in the first quarter. World Asset Management Inc now owns 10,579 shares of the financial services provider’s stock valued at $529,000 after acquiring an additional 533 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in TD Ameritrade by 9.4% in the first quarter. SG Americas Securities LLC now owns 7,244 shares of the financial services provider’s stock valued at $362,000 after acquiring an additional 621 shares during the last quarter. 92.05% of the stock is owned by institutional investors and hedge funds.

AMTD has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of TD Ameritrade from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Gabelli reiterated a “buy” rating on shares of TD Ameritrade in a research note on Wednesday, July 24th. UBS Group cut their price target on shares of TD Ameritrade from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, June 24th. BidaskClub upgraded shares of TD Ameritrade from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Finally, ValuEngine cut shares of TD Ameritrade from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. TD Ameritrade presently has an average rating of “Hold” and a consensus target price of $57.60.

Shares of NASDAQ AMTD traded down $2.38 during mid-day trading on Wednesday, reaching $45.14. 1,870,065 shares of the company were exchanged, compared to its average volume of 2,696,739. The firm’s 50-day moving average is $50.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.15. The company has a market capitalization of $24.97 billion, a PE ratio of 13.51, a P/E/G ratio of 1.12 and a beta of 1.16. TD Ameritrade Holding Corp. has a twelve month low of $45.70 and a twelve month high of $60.22.

TD Ameritrade (NASDAQ:AMTD) last posted its earnings results on Monday, July 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.47 billion. TD Ameritrade had a net margin of 36.07% and a return on equity of 27.13%. TD Ameritrade’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 EPS. As a group, analysts expect that TD Ameritrade Holding Corp. will post 4.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Monday, August 5th. TD Ameritrade’s dividend payout ratio is presently 35.93%.

TD Ameritrade Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.

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

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