120,056 Shares in TD Ameritrade Holding Corp. (AMTD) Acquired by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. acquired a new position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 120,056 shares of the financial services provider’s stock, valued at approximately $5,859,000.

A number of other hedge funds also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its position in shares of TD Ameritrade by 2.3% during the 3rd quarter. Janus Henderson Group PLC now owns 20,878,793 shares of the financial services provider’s stock valued at $1,018,884,000 after acquiring an additional 473,846 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of TD Ameritrade by 6.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,852 shares of the financial services provider’s stock valued at $1,700,000 after acquiring an additional 1,980 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of TD Ameritrade by 7.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,103,000 shares of the financial services provider’s stock valued at $201,069,000 after acquiring an additional 267,600 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of TD Ameritrade by 63.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 38,147 shares of the financial services provider’s stock valued at $1,861,000 after acquiring an additional 14,775 shares during the last quarter. Finally, Invictus RG bought a new stake in shares of TD Ameritrade during the 3rd quarter valued at $381,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.

In related news, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $6,922,300. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of TD Ameritrade stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average cost of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.

Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at $52.75 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. TD Ameritrade Holding Corp. has a 1 year low of $36.12 and a 1 year high of $54.24. The company has a market cap of $29,906.03, a price-to-earnings ratio of 30.32, a P/E/G ratio of 1.76 and a beta of 1.57.

TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $958.57 million. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. research analysts expect that TD Ameritrade Holding Corp. will post 2.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, November 6th. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a yield of 1.59%. TD Ameritrade’s dividend payout ratio is presently 51.22%.

Several brokerages have commented on AMTD. Zacks Investment Research cut shares of TD Ameritrade from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 2nd. Citigroup restated a “neutral” rating and issued a $50.00 price objective on shares of TD Ameritrade in a research report on Tuesday, October 10th. Goldman Sachs Group restated a “neutral” rating and issued a $53.00 price objective on shares of TD Ameritrade in a research report on Tuesday, October 3rd. Finally, Bank of America cut shares of TD Ameritrade from a “buy” rating to a “neutral” rating and upped their price objective for the company from $51.00 to $52.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. TD Ameritrade currently has an average rating of “Buy” and an average price target of $49.93.

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TD Ameritrade Profile

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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