Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 5.7% during the 4th quarter, HoldingsChannel reports. The firm owned 50,303 shares of the financial services provider’s stock after selling 3,027 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TD Ameritrade were worth $2,572,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Chicago Equity Partners LLC bought a new position in shares of TD Ameritrade during the 4th quarter valued at about $619,000. Wright Investors Service Inc. lifted its holdings in shares of TD Ameritrade by 17.2% during the 4th quarter. Wright Investors Service Inc. now owns 15,911 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 2,337 shares in the last quarter. Exane Derivatives bought a new position in shares of TD Ameritrade during the 4th quarter valued at about $284,000. Jennison Associates LLC lifted its holdings in shares of TD Ameritrade by 13.4% during the 4th quarter. Jennison Associates LLC now owns 2,203,223 shares of the financial services provider’s stock valued at $112,651,000 after purchasing an additional 260,867 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of TD Ameritrade by 178.5% during the 4th quarter. SG Americas Securities LLC now owns 56,386 shares of the financial services provider’s stock valued at $2,883,000 after purchasing an additional 36,137 shares in the last quarter. Institutional investors and hedge funds own 88.62% of the company’s stock.

AMTD has been the topic of several research reports. Barclays boosted their target price on TD Ameritrade from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Bank of America set a $54.00 target price on TD Ameritrade and gave the company a “hold” rating in a research note on Wednesday, October 25th. Deutsche Bank upgraded TD Ameritrade from a “hold” rating to a “buy” rating and boosted their target price for the company from $53.00 to $55.00 in a research note on Monday, November 13th. SunTrust Banks restated a “buy” rating on shares of TD Ameritrade in a research note on Wednesday, October 25th. Finally, Sandler O’Neill restated a “buy” rating and issued a $63.00 target price on shares of TD Ameritrade in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $57.29.

In other TD Ameritrade news, EVP Thomas A. Nally sold 17,243 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total transaction of $967,849.59. Following the transaction, the executive vice president now owns 160,079 shares of the company’s stock, valued at approximately $8,985,234.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $55.28, for a total value of $552,800.00. Following the transaction, the director now directly owns 145,000 shares in the company, valued at approximately $8,015,600. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at $54.69 on Friday. The firm has a market capitalization of $31,029.41, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 0.91 and a beta of 1.50. TD Ameritrade Holding Corp. has a 1 year low of $36.12 and a 1 year high of $58.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.12.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.29. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.20 billion. TD Ameritrade had a return on equity of 18.27% and a net margin of 23.39%. sell-side analysts forecast that TD Ameritrade Holding Corp. will post 3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, February 5th. TD Ameritrade’s dividend payout ratio (DPR) is 48.00%.

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About TD Ameritrade

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 (NASDAQ:AMTD)

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