Northpointe Capital LLC Acquires 5,104 Shares of TD Ameritrade Holding Corp. (AMTD)

Northpointe Capital LLC boosted its holdings in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,685 shares of the financial services provider’s stock after purchasing an additional 5,104 shares during the period. Northpointe Capital LLC’s holdings in TD Ameritrade were worth $3,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of TD Ameritrade by 74.5% during the third quarter. JPMorgan Chase & Co. now owns 3,219,403 shares of the financial services provider’s stock valued at $170,080,000 after acquiring an additional 1,374,810 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of TD Ameritrade by 50.7% during the third quarter. Bank of New York Mellon Corp now owns 2,238,320 shares of the financial services provider’s stock valued at $118,250,000 after acquiring an additional 753,480 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of TD Ameritrade by 946.5% during the third quarter. The Manufacturers Life Insurance Company now owns 181,665 shares of the financial services provider’s stock valued at $9,597,000 after acquiring an additional 164,305 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of TD Ameritrade during the third quarter valued at about $451,000. Finally, Man Group plc raised its stake in shares of TD Ameritrade by 143.9% during the third quarter. Man Group plc now owns 289,622 shares of the financial services provider’s stock valued at $15,301,000 after acquiring an additional 170,856 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

In other TD Ameritrade news, EVP Thomas A. Nally sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $56.10, for a total value of $1,402,500.00. Following the sale, the executive vice president now owns 157,780 shares in the company, valued at $8,851,458. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is currently owned by corporate insiders.

AMTD traded down $0.08 during midday trading on Wednesday, reaching $53.92. The company’s stock had a trading volume of 20,561 shares, compared to its average volume of 2,658,004. The stock has a market cap of $30.30 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.79 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.18 and a current ratio of 1.18. TD Ameritrade Holding Corp. has a 1 year low of $45.70 and a 1 year high of $62.99.

TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.10. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. TD Ameritrade had a net margin of 31.17% and a return on equity of 25.99%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. Equities research analysts predict that TD Ameritrade Holding Corp. will post 4.07 EPS for the current year.

AMTD has been the topic of several research analyst reports. ValuEngine cut shares of TD Ameritrade from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Wolfe Research upgraded shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 27th. Bank of America set a $60.00 price target on shares of TD Ameritrade and gave the company a “buy” rating in a research report on Tuesday, April 9th. Barclays reiterated a “buy” rating on shares of TD Ameritrade in a research report on Friday, January 25th. Finally, Zacks Investment Research cut shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. TD Ameritrade has a consensus rating of “Hold” and an average target price of $62.50.

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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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