Sumitomo Mitsui Trust Holdings Inc. Has $38.86 Million Stake in TD Ameritrade Holding Corporation (AMTD)

Sumitomo Mitsui Trust Holdings Inc. cut its position in TD Ameritrade Holding Corporation (NASDAQ:AMTD) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 796,241 shares of the financial services provider’s stock after selling 16,249 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.15% of TD Ameritrade Holding Corporation worth $38,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Crow Point Partners LLC bought a new position in TD Ameritrade Holding Corporation during the 3rd quarter valued at $102,000. Federated Investors Inc. PA boosted its stake in TD Ameritrade Holding Corporation by 5.1% during 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 last quarter. Gamco Investors INC. ET AL bought a new position in TD Ameritrade Holding Corporation during the 3rd quarter valued at $203,000. Fox Run Management L.L.C. bought a new position in TD Ameritrade Holding Corporation during the 3rd quarter valued at $220,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in TD Ameritrade Holding Corporation by 27.9% during 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 last quarter. Institutional investors and hedge funds own 94.87% of the company’s stock.

A number of research analysts have commented on AMTD shares. Zacks Investment Research downgraded shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Bank of America Corporation set a $54.00 price objective on shares of TD Ameritrade Holding Corporation and gave the company a “hold” rating in a research note on Wednesday, October 25th. Deutsche Bank AG upgraded shares of TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and increased their price objective for the company from $53.00 to $55.00 in a research note on Monday, November 13th. BidaskClub raised shares of TD Ameritrade Holding Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $46.00 target price on shares of TD Ameritrade Holding Corporation in a report on Friday, October 6th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $50.14.

TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at $49.20 on Wednesday. TD Ameritrade Holding Corporation has a 12-month low of $36.12 and a 12-month high of $51.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 1.08. The firm has a market cap of $27,774.36, a PE ratio of 28.16, a PEG ratio of 1.64 and a beta of 1.57.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $958.57 million. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. sell-side analysts expect that TD Ameritrade Holding Corporation will post 2.3 earnings per share for the current 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. This is a positive change from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 1.71%. TD Ameritrade Holding Corporation’s dividend payout ratio (DPR) is 51.22%.

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In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction dated 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 $6,922,300. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was purchased at an average price of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. Company insiders own 0.42% of the company’s stock.

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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