LS Investment Advisors LLC Has $154,000 Position in TD Ameritrade Holding Corporation (NASDAQ:AMTD)

LS Investment Advisors LLC maintained its stake in TD Ameritrade Holding Corporation (NASDAQ:AMTD) during the second quarter, Holdings Channel reports. The institutional investor owned 3,589 shares of the financial services provider’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in TD Ameritrade Holding Corporation were worth $154,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. boosted its stake in TD Ameritrade Holding Corporation by 6.1% in the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock worth $126,000 after buying an additional 188 shares during the period. Global X Management Co. LLC raised its stake in TD Ameritrade Holding Corporation by 37.9% in the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock valued at $128,000 after buying an additional 904 shares in the last quarter. Van ECK Associates Corp raised its stake in TD Ameritrade Holding Corporation by 7.3% in the first quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock valued at $140,000 after buying an additional 247 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in TD Ameritrade Holding Corporation by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock valued at $171,000 after buying an additional 44 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in TD Ameritrade Holding Corporation during the first quarter valued at about $211,000. Institutional investors own 90.94% of the company’s stock.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded down 1.393% during trading on Thursday, reaching $44.235. The company had a trading volume of 870,415 shares. The company has a market capitalization of $23.36 billion, a PE ratio of 27.647 and a beta of 1.48. The stock’s 50-day moving average price is $44.58 and its 200-day moving average price is $41.08. TD Ameritrade Holding Corporation has a 52 week low of $30.32 and a 52 week high of $47.41.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The company had revenue of $931 million during the quarter, compared to the consensus estimate of $897.98 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. TD Ameritrade Holding Corporation’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts expect that TD Ameritrade Holding Corporation will post $1.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.72 annualized dividend and a yield of 1.60%. TD Ameritrade Holding Corporation’s dividend payout ratio is presently 45.00%.

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Several research firms have issued reports on AMTD. BidaskClub lowered TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $44.50 price target on shares of TD Ameritrade Holding Corporation in a report on Friday, July 14th. Nomura cut their price target on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, July 13th. Instinet reissued a “buy” rating and set a $49.00 price target (down previously from $50.00) on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $43.00 price target (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.47.

In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $40.45, for a total value of $404,500.00. Following the completion of the transaction, the director now owns 170,000 shares in the company, valued at $6,876,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

TD Ameritrade Holding Corporation Company 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.

Want to see what other hedge funds are holding AMTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD Ameritrade Holding Corporation (NASDAQ:AMTD).

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

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