DNB Asset Management AS Has $1.07 Million Position in TD Ameritrade Holding Corp. (NASDAQ:AMTD)

DNB Asset Management AS cut its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 17.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,524 shares of the financial services provider’s stock after selling 6,264 shares during the quarter. DNB Asset Management AS’s holdings in TD Ameritrade were worth $1,074,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Panagora Asset Management Inc. increased its position in TD Ameritrade by 15.2% during the 4th quarter. Panagora Asset Management Inc. now owns 12,671 shares of the financial services provider’s stock worth $630,000 after purchasing an additional 1,669 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in TD Ameritrade by 74.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 25,577 shares of the financial services provider’s stock worth $1,271,000 after purchasing an additional 10,951 shares in the last quarter. Amalgamated Bank increased its position in TD Ameritrade by 3.8% during the 4th quarter. Amalgamated Bank now owns 42,239 shares of the financial services provider’s stock worth $2,099,000 after purchasing an additional 1,541 shares in the last quarter. Mariner LLC increased its position in TD Ameritrade by 291.2% during the 4th quarter. Mariner LLC now owns 57,989 shares of the financial services provider’s stock worth $2,882,000 after purchasing an additional 43,166 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC increased its position in TD Ameritrade by 252.3% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 15,150 shares of the financial services provider’s stock worth $753,000 after purchasing an additional 10,850 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

A number of equities analysts recently issued reports on AMTD shares. Compass Point cut shares of TD Ameritrade from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a research report on Wednesday, May 20th. Wells Fargo & Co lowered their price objective on shares of TD Ameritrade from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday. ValuEngine upgraded shares of TD Ameritrade from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Zacks Investment Research upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, June 11th. Finally, Citigroup cut shares of TD Ameritrade from a “buy” rating to a “neutral” rating and decreased their price target for the company from $40.50 to $39.50 in a research report on Monday, April 27th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $41.50.

In related news, Director Joseph H. Moglia sold 5,000 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $40.00, for a total transaction of $200,000.00. Following the transaction, the director now directly owns 112,760 shares of the company’s stock, valued at $4,510,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph H. Moglia sold 9,683 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $44.00, for a total transaction of $426,052.00. Following the transaction, the director now directly owns 94,113 shares in the company, valued at $4,140,972. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.

NASDAQ:AMTD opened at $37.15 on Tuesday. The firm’s fifty day moving average is $38.41 and its 200-day moving average is $40.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.14 and a current ratio of 1.15. TD Ameritrade Holding Corp. has a 52 week low of $27.70 and a 52 week high of $53.99. The firm has a market cap of $20.36 billion, a P/E ratio of 10.20, a P/E/G ratio of 1.59 and a beta of 1.21.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.86 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.02). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. TD Ameritrade had a net margin of 33.18% and a return on equity of 23.05%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 earnings per share. As a group, sell-side analysts anticipate that TD Ameritrade Holding Corp. will post 3.13 earnings per share for the current year.

TD Ameritrade 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.

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

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