California State Teachers Retirement System Reduces Stake in TD Ameritrade Holding Corporation (AMTD)

California State Teachers Retirement System trimmed its stake in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 469,574 shares of the financial services provider’s stock after selling 26,326 shares during the quarter. California State Teachers Retirement System owned about 0.09% of TD Ameritrade Holding Corporation worth $20,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Global X Management Co. LLC increased its position in TD Ameritrade Holding Corporation by 37.9% in the 1st quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 904 shares during the period. Federated Investors Inc. PA increased its position in TD Ameritrade Holding Corporation by 5.1% in the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 198 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in TD Ameritrade Holding Corporation by 27.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,008 shares during the period. Letko Brosseau & Associates Inc. acquired a new stake in TD Ameritrade Holding Corporation in the 2nd quarter valued at approximately $215,000. Finally, Achmea Investment Management B.V. acquired a new stake in TD Ameritrade Holding Corporation in the 1st quarter valued at approximately $217,000. Institutional investors and hedge funds own 93.53% of the company’s stock.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 47.86 on Tuesday. The stock has a market cap of $25.28 billion, a price-to-earnings ratio of 29.91 and a beta of 1.55. The stock has a 50 day moving average price of $46.09 and a 200-day moving average price of $42.29. TD Ameritrade Holding Corporation has a 12-month low of $33.26 and a 12-month high of $50.72.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The firm had revenue of $931.00 million during the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. Equities analysts anticipate that TD Ameritrade Holding Corporation will post $1.70 EPS for the current fiscal year.

In related news, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were 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 of the company’s stock, valued at approximately $6,922,300. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of TD Ameritrade Holding Corporation stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average cost of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.

Several analysts recently commented on the company. BidaskClub cut TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Nomura lowered their target price on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Zacks Investment Research upgraded TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, July 12th. Instinet restated a “buy” rating and issued a $49.00 target price (down from $50.00) on shares of TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $46.00 target price on shares of TD Ameritrade Holding Corporation in a research report on Friday, October 6th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $48.79.

TRADEMARK VIOLATION WARNING: “California State Teachers Retirement System Reduces Stake in TD Ameritrade Holding Corporation (AMTD)” was reported by The Ledger Gazette and is the property of of

Other institutional investors also recently made changes to their positions in the company. Global X Management Co. LLC increased its position in TD Ameritrade Holding Corporation by 37.9% in the 1st quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 904 shares during the period. Federated Investors Inc. PA increased its position in TD Ameritrade Holding Corporation by 5.1% in the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 198 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in TD Ameritrade Holding Corporation by 27.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,008 shares during the period. Letko Brosseau & Associates Inc. acquired a new stake in TD Ameritrade Holding Corporation in the 2nd quarter valued at approximately $215,000. Finally, Achmea Investment Management B.V. acquired a new stake in TD Ameritrade Holding Corporation in the 1st quarter valued at approximately $217,000. Institutional investors and hedge funds own 93.53% of the company’s stock.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 47.86 on Tuesday. The stock has a market cap of $25.28 billion, a price-to-earnings ratio of 29.91 and a beta of 1.55. The stock has a 50 day moving average price of $46.09 and a 200-day moving average price of $42.29. TD Ameritrade Holding Corporation has a 12-month low of $33.26 and a 12-month high of $50.72.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The firm had revenue of $931.00 million during the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. Equities analysts anticipate that TD Ameritrade Holding Corporation will post $1.70 EPS for the current fiscal year.

In related news, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were 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 of the company’s stock, valued at approximately $6,922,300. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of TD Ameritrade Holding Corporation stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average cost of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.

Several analysts recently commented on the company. BidaskClub cut TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Nomura lowered their target price on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Zacks Investment Research upgraded TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, July 12th. Instinet restated a “buy” rating and issued a $49.00 target price (down from $50.00) on shares of TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $46.00 target price on shares of TD Ameritrade Holding Corporation in a research report on Friday, October 6th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $48.79.

TRADEMARK VIOLATION WARNING: “California State Teachers Retirement System Reduces Stake in TD Ameritrade Holding Corporation (AMTD)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/17/california-state-teachers-retirement-system-reduces-stake-in-td-ameritrade-holding-corporation-amtd.html.

About TD Ameritrade Holding Corporation

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)

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