Public Employees Retirement System of Ohio trimmed its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,017 shares of the financial services provider’s stock after selling 14,665 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in TD Ameritrade were worth $8,038,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of TD Ameritrade by 7.2% in the 1st quarter. BlackRock Inc. now owns 15,155,722 shares of the financial services provider’s stock worth $757,634,000 after buying an additional 1,012,753 shares during the last quarter. JPMorgan Chase & Co. raised its stake in TD Ameritrade by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 5,159,469 shares of the financial services provider’s stock worth $255,860,000 after acquiring an additional 455,002 shares during the period. First Trust Advisors LP lifted its holdings in TD Ameritrade by 24.7% in the first quarter. First Trust Advisors LP now owns 4,634,288 shares of the financial services provider’s stock worth $231,668,000 after acquiring an additional 917,454 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in TD Ameritrade by 7.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,266,176 shares of the financial services provider’s stock worth $163,276,000 after acquiring an additional 224,040 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in TD Ameritrade by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,372,048 shares of the financial services provider’s stock worth $116,046,000 after acquiring an additional 50,352 shares during the last quarter. 91.61% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the company. Gabelli reaffirmed a “buy” rating on shares of TD Ameritrade in a report on Wednesday, July 24th. Morgan Stanley boosted their price objective on TD Ameritrade from $53.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. BidaskClub upgraded TD Ameritrade from a “sell” rating to a “hold” rating in a research note on Tuesday. Compass Point set a $58.00 price objective on TD Ameritrade and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, Credit Suisse Group increased their target price on TD Ameritrade from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $56.55.

AMTD traded down $0.11 during trading hours on Wednesday, hitting $48.48. The company’s stock had a trading volume of 107,324 shares, compared to its average volume of 2,132,655. The company has a 50-day simple moving average of $46.34 and a 200 day simple moving average of $50.80. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $26.26 billion, a PE ratio of 14.54, a PEG ratio of 1.08 and a beta of 1.20. TD Ameritrade Holding Corp. has a fifty-two week low of $42.14 and a fifty-two week high of $57.88.

TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Monday, July 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.07. TD Ameritrade had a return on equity of 27.13% and a net margin of 36.07%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts expect that TD Ameritrade Holding Corp. will post 4.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Monday, August 5th. TD Ameritrade’s dividend payout ratio is currently 35.93%.

TD Ameritrade Company 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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