RiverPark Advisors LLC Reduces Position in TD Ameritrade Holding Corp. (NASDAQ:AMTD)

RiverPark Advisors LLC cut its holdings in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 2.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,975 shares of the financial services provider’s stock after selling 2,490 shares during the period. RiverPark Advisors LLC’s holdings in TD Ameritrade were worth $4,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank boosted its position in TD Ameritrade by 5.0% during the third quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after purchasing an additional 11,082,105 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of TD Ameritrade by 26,316.9% during the second quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock worth $877,208,000 after buying an additional 20,327,705 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of TD Ameritrade by 3.2% during the second quarter. Vanguard Group Inc. now owns 13,265,664 shares of the financial services provider’s stock worth $570,291,000 after buying an additional 408,837 shares in the last quarter. FMR LLC lifted its holdings in shares of TD Ameritrade by 103.8% during the second quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock worth $450,351,000 after buying an additional 5,336,529 shares in the last quarter. Finally, RPTC Inc. acquired a new position in TD Ameritrade in the second quarter valued at about $402,937,000. Institutional investors own 88.56% of the company’s stock.

AMTD has been the subject of several research analyst reports. Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Friday, September 1st. BidaskClub upgraded TD Ameritrade from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Goldman Sachs Group restated a “neutral” rating and set a $53.00 price target on shares of TD Ameritrade in a report on Tuesday, October 3rd. Morgan Stanley boosted their price target on TD Ameritrade from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Finally, Jefferies Group reiterated a “hold” rating and issued a $46.00 target price on shares of TD Ameritrade in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $50.21.

Shares of TD Ameritrade Holding Corp. (AMTD) traded down $0.34 during trading hours on Friday, reaching $51.13. The company’s stock had a trading volume of 1,783,995 shares, compared to its average volume of 2,416,158. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $29,180.37, a P/E ratio of 29.58, a PEG ratio of 1.10 and a beta of 1.57. TD Ameritrade Holding Corp. has a 52-week low of $36.12 and a 52-week high of $54.24.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The business had revenue of $983.00 million during the quarter, compared to the consensus estimate of $958.57 million. During the same quarter last year, the company earned $0.35 EPS. The firm’s revenue was up 18.6% compared to the same quarter last year. sell-side analysts forecast that TD Ameritrade Holding Corp. will post 2.33 EPS for the current year.

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TD Ameritrade Company 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.

Institutional Ownership by Quarter for TD Ameritrade (NASDAQ:AMTD)

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