Nordea Investment Management AB Has $313,000 Stake in TD Ameritrade Holding Corporation (AMTD)

Nordea Investment Management AB held its position in TD Ameritrade Holding Corporation (NASDAQ:AMTD) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,279 shares of the financial services provider’s stock at the close of the 2nd quarter. Nordea Investment Management AB’s holdings in TD Ameritrade Holding Corporation were worth $313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in TD Ameritrade Holding Corporation by 3.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 457,856 shares of the financial services provider’s stock valued at $17,793,000 after acquiring an additional 13,541 shares during the period. BlackRock Inc. raised its stake in TD Ameritrade Holding Corporation by 1,374.1% in the 1st quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock valued at $525,933,000 after acquiring an additional 12,615,921 shares during the period. Delta Lloyd Asset Management N.V. bought a new stake in TD Ameritrade Holding Corporation in the 2nd quarter valued at $1,459,000. Principal Financial Group Inc. raised its stake in TD Ameritrade Holding Corporation by 71.7% in the 1st quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock valued at $3,087,000 after acquiring an additional 33,172 shares during the period. Finally, Creative Planning raised its stake in TD Ameritrade Holding Corporation by 2.5% in the 2nd quarter. Creative Planning now owns 1,156,600 shares of the financial services provider’s stock valued at $49,722,000 after acquiring an additional 28,235 shares during the period. Institutional investors and hedge funds own 93.54% of the company’s stock.

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In other TD Ameritrade Holding Corporation news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were acquired at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was 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 owns 155,000 shares in the company, valued at $6,922,300. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 47.91 on Wednesday. The company has a 50 day moving average price of $45.60 and a 200-day moving average price of $42.07. The company has a market cap of $25.30 billion, a PE ratio of 29.94 and a beta of 1.55. 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 released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The company had revenue of $931.00 million for the quarter, compared to analyst estimates of $897.98 million. During the same period in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts predict that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current fiscal year.

A number of research firms recently weighed in on AMTD. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.50 price target on shares of TD Ameritrade Holding Corporation in a research note on Friday, July 14th. Citigroup Inc. restated a “neutral” rating and issued a $50.00 price target on shares of TD Ameritrade Holding Corporation in a research note on Tuesday. Morgan Stanley restated an “equal weight” rating and issued a $43.00 price target (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, July 25th. BidaskClub cut TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, Jefferies Group LLC increased their price objective on TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, June 19th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.57.

TD Ameritrade Holding Corporation 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 Holding Corporation (NASDAQ:AMTD)

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