Rhumbline Advisers Acquires 4,229 Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD)

Rhumbline Advisers raised its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 404,451 shares of the financial services provider’s stock after buying an additional 4,229 shares during the quarter. Rhumbline Advisers owned about 0.08% of TD Ameritrade worth $19,737,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank boosted its holdings in shares of TD Ameritrade by 5.0% during the third quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after purchasing an additional 11,082,105 shares during the last quarter. CI Investments Inc. acquired a new position in TD Ameritrade in the third quarter valued at $72,434,000. Oregon Public Employees Retirement Fund boosted its holdings in TD Ameritrade by 11.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 34,667 shares of the financial services provider’s stock valued at $1,692,000 after acquiring an additional 3,545 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in TD Ameritrade in the third quarter valued at $203,000. Finally, State of Wisconsin Investment Board boosted its holdings in TD Ameritrade by 5.3% in the third quarter. State of Wisconsin Investment Board now owns 237,940 shares of the financial services provider’s stock valued at $11,611,000 after acquiring an additional 11,963 shares during the last quarter. Hedge funds and other institutional investors own 88.74% of the company’s stock.

Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded down $0.45 during mid-day trading on Wednesday, reaching $51.75. The company’s stock had a trading volume of 1,439,199 shares, compared to its average volume of 2,541,969. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. TD Ameritrade Holding Corp. has a 12 month low of $36.12 and a 12 month high of $54.24. The firm has a market capitalization of $29,480.00, a P/E ratio of 30.66, a P/E/G ratio of 1.78 and a beta of 1.57.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The company had revenue of $983.00 million during the quarter, compared to the consensus estimate of $958.57 million. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. TD Ameritrade’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. analysts anticipate that TD Ameritrade Holding Corp. will post 2.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, November 6th. This is an increase from TD Ameritrade’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 1.62%. TD Ameritrade’s payout ratio is currently 51.22%.

In related news, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of the company’s stock in a transaction on Monday, September 18th. The shares were bought at an average price of $36.12 per share, with a total value of $399,999,995.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 in the company, valued at approximately $6,922,300. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

A number of research analysts recently weighed in on the company. Zacks Investment Research cut TD Ameritrade from a “strong-buy” rating to a “hold” rating in a report on Tuesday. BidaskClub raised TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Credit Suisse Group began coverage on TD Ameritrade in a research report on Thursday, November 30th. They issued an “underperform” rating and a $45.00 price objective on the stock. Jefferies Group reissued a “hold” rating and issued a $46.00 price objective on shares of TD Ameritrade in a research report on Friday, October 6th. Finally, SunTrust Banks reissued a “buy” rating on shares of TD Ameritrade in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $49.93.

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TD Ameritrade 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.

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

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