Treasurer of the State of North Carolina trimmed its position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,816 shares of the financial services provider’s stock after selling 3,400 shares during the period. Treasurer of the State of North Carolina’s holdings in TD Ameritrade were worth $8,727,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its stake in TD Ameritrade by 3.9% during the second quarter. BlackRock Inc. now owns 15,746,356 shares of the financial services provider’s stock valued at $786,060,000 after acquiring an additional 590,634 shares during the period. Eaton Vance Management increased its stake in TD Ameritrade by 19.0% during the second quarter. Eaton Vance Management now owns 494,395 shares of the financial services provider’s stock valued at $24,680,000 after acquiring an additional 78,834 shares during the period. United Services Automobile Association increased its stake in TD Ameritrade by 370.1% during the second quarter. United Services Automobile Association now owns 199,474 shares of the financial services provider’s stock valued at $9,958,000 after acquiring an additional 157,046 shares during the period. Voloridge Investment Management LLC bought a new position in TD Ameritrade during the second quarter valued at about $1,086,000. Finally, Pictet Asset Management Ltd. increased its stake in TD Ameritrade by 9.3% during the second quarter. Pictet Asset Management Ltd. now owns 114,739 shares of the financial services provider’s stock valued at $5,728,000 after acquiring an additional 9,800 shares during the period. Hedge funds and other institutional investors own 91.61% of the company’s stock.
Several equities research analysts have recently weighed in on the company. ValuEngine lowered TD Ameritrade from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Morgan Stanley upped their price objective on TD Ameritrade from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Gabelli reiterated a “buy” rating on shares of TD Ameritrade in a research note on Wednesday, July 24th. Compass Point set a $58.00 price objective on TD Ameritrade and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Finally, Credit Suisse Group lowered their price objective on TD Ameritrade from $61.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.27.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Monday, July 22nd. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.47 billion. TD Ameritrade had a return on equity of 27.13% and a net margin of 36.07%. TD Ameritrade’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. On average, equities analysts forecast that TD Ameritrade Holding Corp. will post 4.03 EPS for the current year.
TD Ameritrade Company Profile
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.
Featured Article: Trading Stocks – What are percentage gainers?
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 Corp. (NASDAQ:AMTD).
Receive News & Ratings for TD Ameritrade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade and related companies with MarketBeat.com's FREE daily email newsletter.