Bank of Nova Scotia Buys Shares of 53,900 TD Ameritrade Holding Corporation (AMTD)

Bank of Nova Scotia bought a new position in TD Ameritrade Holding Corporation (NASDAQ:AMTD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,900 shares of the financial services provider’s stock, valued at approximately $2,317,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its holdings in shares of TD Ameritrade Holding Corporation by 3.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 457,856 shares of the financial services provider’s stock worth $17,793,000 after buying an additional 13,541 shares in the last quarter. BlackRock Inc. raised its holdings in shares of TD Ameritrade Holding Corporation by 1,374.1% in the 1st quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after buying an additional 12,615,921 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new position in shares of TD Ameritrade Holding Corporation in the 2nd quarter worth approximately $1,459,000. Principal Financial Group Inc. raised its holdings in shares of TD Ameritrade Holding Corporation by 71.7% in the 1st quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock worth $3,087,000 after buying an additional 33,172 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of TD Ameritrade Holding Corporation by 2.5% in the 2nd quarter. Creative Planning now owns 1,156,600 shares of the financial services provider’s stock worth $49,722,000 after buying an additional 28,235 shares in the last quarter. 93.53% of the stock is owned by institutional investors and hedge funds.

Shares of TD Ameritrade Holding Corporation (AMTD) opened at 47.39 on Friday. The company’s 50-day moving average price is $46.52 and its 200-day moving average price is $42.48. TD Ameritrade Holding Corporation has a 52-week low of $33.26 and a 52-week high of $50.72. The company has a market capitalization of $25.03 billion, a price-to-earnings ratio of 29.62 and a beta of 1.55.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The business had revenue of $931.00 million during the quarter, compared to the consensus estimate of $897.98 million. During the same period in the previous year, the business earned $0.45 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that TD Ameritrade Holding Corporation will post $1.71 EPS for the current fiscal year.

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In related news, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of the stock in a transaction dated Monday, September 18th. The stock was bought at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $44.66, for a total transaction of $669,900.00. Following the transaction, the director now owns 155,000 shares of the company’s stock, valued at $6,922,300. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

A number of brokerages have recently issued reports on AMTD. Jefferies Group LLC reissued a “hold” rating and issued a $46.00 target price on shares of TD Ameritrade Holding Corporation in a report on Friday, October 6th. Morgan Stanley increased their target price on TD Ameritrade Holding Corporation from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $53.00 target price on shares of TD Ameritrade Holding Corporation in a report on Tuesday, October 3rd. Zacks Investment Research raised TD Ameritrade Holding Corporation from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a report on Tuesday, October 3rd. Finally, BidaskClub raised TD Ameritrade Holding Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $48.64.

TD Ameritrade Holding Corporation 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 Holding Corporation (NASDAQ:AMTD)

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