Riverpark Capital Management LLC trimmed its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 14.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,165 shares of the financial services provider’s stock after selling 55,081 shares during the quarter. TD Ameritrade comprises approximately 2.3% of Riverpark Capital Management LLC’s holdings, making the stock its 24th biggest position. Riverpark Capital Management LLC owned about 0.06% of TD Ameritrade worth $16,166,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in AMTD. Toronto Dominion Bank increased its holdings in TD Ameritrade by 5.0% in the 3rd quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after acquiring an additional 11,082,105 shares in the last quarter. CI Investments Inc. purchased a new stake in TD Ameritrade in the 3rd quarter worth approximately $72,434,000. Boston Partners increased its holdings in TD Ameritrade by 41.6% in the 4th quarter. Boston Partners now owns 4,156,751 shares of the financial services provider’s stock worth $212,535,000 after acquiring an additional 1,221,924 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in TD Ameritrade in the 4th quarter worth approximately $29,191,000. Finally, BlackRock Inc. increased its holdings in TD Ameritrade by 4.2% in the 4th quarter. BlackRock Inc. now owns 14,003,570 shares of the financial services provider’s stock worth $715,999,000 after acquiring an additional 570,868 shares in the last quarter. 92.03% of the stock is owned by institutional investors.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at $62.59 on Monday. TD Ameritrade Holding Corp. has a 52 week low of $36.12 and a 52 week high of $62.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $35,511.64, a P/E ratio of 35.77, a price-to-earnings-growth ratio of 1.02 and a beta of 1.42.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.34%. TD Ameritrade’s dividend payout ratio is currently 48.00%.
AMTD has been the subject of several analyst reports. Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Tuesday, December 26th. Credit Suisse Group initiated coverage on shares of TD Ameritrade in a report on Thursday, November 30th. They issued an “underperform” rating and a $45.00 target price for the company. Deutsche Bank raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and increased their target price for the stock from $53.00 to $55.00 in a report on Monday, November 13th. BidaskClub lowered shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a report on Friday, December 29th. Finally, Sandler O’Neill restated a “buy” rating and issued a $63.00 price target on shares of TD Ameritrade in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $59.91.
In other news, Director Joseph H. Moglia sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the completion of the transaction, the director now directly owns 145,000 shares in the company, valued at approximately $8,015,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. Nally sold 17,243 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total value of $967,849.59. Following the transaction, the executive vice president now owns 160,079 shares of the company’s stock, valued at $8,985,234.27. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.
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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