HighPoint Advisor Group LLC Purchases New Stake in TD Ameritrade Holding Corporation (AMTD)

HighPoint Advisor Group LLC purchased a new position in shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,305 shares of the financial services provider’s stock, valued at approximately $713,000.

A number of other large investors have also added to or reduced their stakes in AMTD. Principal Financial Group Inc. increased its position in TD Ameritrade Holding Corporation by 71.7% during the first quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock worth $3,087,000 after acquiring an additional 33,172 shares during the period. Capstone Asset Management Co. increased its position in TD Ameritrade Holding Corporation by 3.0% during the second quarter. Capstone Asset Management Co. now owns 7,307 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 210 shares during the period. State of Alaska Department of Revenue increased its holdings in TD Ameritrade Holding Corporation by 71.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,023 shares of the financial services provider’s stock valued at $473,000 after buying an additional 4,600 shares during the period. National Pension Service increased its holdings in TD Ameritrade Holding Corporation by 9.8% in the 2nd quarter. National Pension Service now owns 295,875 shares of the financial services provider’s stock valued at $12,616,000 after buying an additional 26,295 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in TD Ameritrade Holding Corporation by 510.4% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 42,822 shares of the financial services provider’s stock valued at $1,841,000 after buying an additional 35,807 shares during the period. 94.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up $0.86 during trading on Tuesday, hitting $49.72. 1,438,400 shares of the company traded hands, compared to its average volume of 2,583,868. The company has a market cap of $25,805.37, a price-to-earnings ratio of 28.08, a PEG ratio of 1.65 and a beta of 1.57. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.35. TD Ameritrade Holding Corporation has a 12 month low of $36.12 and a 12 month high of $51.22.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. TD Ameritrade Holding Corporation had a net margin of 23.72% and a return on equity of 15.91%. The company had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. During the same period in the previous year, the firm posted $0.35 EPS. The firm’s revenue was up 18.6% on a year-over-year basis. equities research analysts predict that TD Ameritrade Holding Corporation will post 2.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, November 6th. This is an increase from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 1.69%. TD Ameritrade Holding Corporation’s dividend payout ratio (DPR) is currently 51.22%.

In other TD Ameritrade Holding Corporation news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the business’s stock in a transaction that occurred 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 purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph H. Moglia sold 15,000 shares of TD Ameritrade Holding Corporation stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $44.66, for a total transaction of $669,900.00. Following the sale, the director now owns 155,000 shares in the company, valued at $6,922,300. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

Several research firms have commented on AMTD. Deutsche Bank AG raised shares of TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and raised their target price for the company from $53.00 to $55.00 in a report on Monday. Citigroup Inc. reissued a “neutral” rating and issued a $50.00 target price on shares of TD Ameritrade Holding Corporation in a report on Tuesday, October 10th. BidaskClub lowered shares of TD Ameritrade Holding Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $53.00 target price on shares of TD Ameritrade Holding Corporation in a report on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.14.

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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.

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

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