Fox Run Management L.L.C. Takes Position in TD Ameritrade Holding Corp. (AMTD)

Fox Run Management L.L.C. bought a new stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) during the third quarter, HoldingsChannel.com reports. The fund bought 7,058 shares of the financial services provider’s stock, valued at approximately $373,000.

Several other large investors have also bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of TD Ameritrade by 4.0% during the 2nd quarter. Janus Henderson Group PLC now owns 21,835,182 shares of the financial services provider’s stock valued at $1,195,913,000 after acquiring an additional 848,903 shares during the period. FMR LLC lifted its stake in TD Ameritrade by 13.7% in the 2nd quarter. FMR LLC now owns 17,201,763 shares of the financial services provider’s stock valued at $942,141,000 after buying an additional 2,071,893 shares in the last quarter. Boston Partners lifted its stake in TD Ameritrade by 9.7% in the 2nd quarter. Boston Partners now owns 9,039,655 shares of the financial services provider’s stock valued at $495,102,000 after buying an additional 802,966 shares in the last quarter. First Trust Advisors LP lifted its stake in TD Ameritrade by 19.7% in the 2nd quarter. First Trust Advisors LP now owns 4,043,899 shares of the financial services provider’s stock valued at $221,484,000 after buying an additional 666,702 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in TD Ameritrade by 13.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,047,189 shares of the financial services provider’s stock valued at $166,893,000 after buying an additional 363,827 shares in the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

AMTD opened at $50.80 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.13. TD Ameritrade Holding Corp. has a 1-year low of $46.66 and a 1-year high of $63.01. The company has a market capitalization of $29.99 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 0.57 and a beta of 1.33.

TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Monday, July 23rd. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.10. TD Ameritrade had a net margin of 24.42% and a return on equity of 21.71%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the company posted $0.44 EPS. The business’s revenue was up 48.4% on a year-over-year basis. Sell-side analysts forecast that TD Ameritrade Holding Corp. will post 3.28 EPS for the current fiscal year.

In other TD Ameritrade news, EVP Peter J. Desilva bought 5,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were acquired at an average cost of $56.73 per share, with a total value of $283,650.00. Following the purchase, the executive vice president now directly owns 24,000 shares of the company’s stock, valued at approximately $1,361,520. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.44% of the company’s stock.

A number of research analysts recently weighed in on AMTD shares. BidaskClub lowered shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 14th. ValuEngine lowered shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research note on Saturday, June 16th. Barclays raised their price target on shares of TD Ameritrade from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, July 12th. Morgan Stanley decreased their price target on shares of TD Ameritrade from $66.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 12th. Finally, Raymond James decreased their price target on shares of TD Ameritrade from $74.00 to $71.00 and set an “outperform” rating on the stock in a research note on Friday, July 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. TD Ameritrade has a consensus rating of “Hold” and a consensus target price of $64.66.

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.

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

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