Canada Pension Plan Investment Board Lowers Position in TD Ameritrade Holding Corporation (AMTD)

Canada Pension Plan Investment Board lowered its position in TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 77.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,409 shares of the financial services provider’s stock after selling 418,695 shares during the period. Canada Pension Plan Investment Board’s holdings in TD Ameritrade Holding Corporation were worth $6,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMTD. Janus Henderson Group PLC grew its holdings in shares of TD Ameritrade Holding Corporation 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 acquiring an additional 20,327,705 shares during the period. RPTC Inc. acquired a new stake in shares of TD Ameritrade Holding Corporation in the 2nd quarter worth approximately $402,937,000. FMR LLC grew its holdings in shares of TD Ameritrade Holding Corporation 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 acquiring an additional 5,336,529 shares during the period. BT Investment Management Ltd acquired a new stake in shares of TD Ameritrade Holding Corporation in the 2nd quarter worth approximately $148,207,000. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of TD Ameritrade Holding Corporation in the 2nd quarter worth approximately $61,537,000. Institutional investors and hedge funds own 94.47% of the company’s stock.

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

COPYRIGHT VIOLATION NOTICE: This story was first posted by Markets Daily and is owned by of Markets Daily. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.themarketsdaily.com/2017/11/14/canada-pension-plan-investment-board-lowers-position-in-td-ameritrade-holding-corporation-amtd.html.

Shares of TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at $49.72 on Tuesday. TD Ameritrade Holding Corporation has a fifty-two week low of $36.12 and a fifty-two week high of $51.22. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $25,805.37, a price-to-earnings ratio of 28.08, a PEG ratio of 1.65 and a beta of 1.57.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 15.91% and a net margin of 23.72%. The business had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $958.57 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue was up 18.6% on a year-over-year basis. research analysts expect that TD Ameritrade Holding Corporation will post 2.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be given a $0.21 dividend. This is a positive change from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, November 6th. TD Ameritrade Holding Corporation’s dividend payout ratio (DPR) is 51.22%.

A number of equities research analysts recently weighed in on AMTD shares. Zacks Investment Research upgraded TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Friday, September 1st. Deutsche Bank AG increased their target price on TD Ameritrade Holding Corporation from $49.00 to $53.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Jefferies Group LLC reiterated a “hold” rating and set a $46.00 target price on shares of TD Ameritrade Holding Corporation in a report on Friday, October 6th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $50.00 target price (up previously from $46.00) on shares of TD Ameritrade Holding Corporation in a report on Wednesday, July 19th. Finally, BidaskClub upgraded TD Ameritrade Holding Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $50.14.

TD Ameritrade Holding Corporation 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)

Receive News & Ratings for TD Ameritrade Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade Holding Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply