Voya Financial Advisors Inc. Raises Stake in TD Ameritrade Holding Corp. (NASDAQ:AMTD)

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Voya Financial Advisors Inc. grew its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 12.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,607 shares of the financial services provider’s stock after purchasing an additional 495 shares during the period. Voya Financial Advisors Inc.’s holdings in TD Ameritrade were worth $216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Nuveen Asset Management LLC boosted its position in shares of TD Ameritrade by 568.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,050,200 shares of the financial services provider’s stock worth $52,426,000 after buying an additional 893,039 shares in the last quarter. BlackRock Inc. boosted its position in shares of TD Ameritrade by 3.9% in the 2nd quarter. BlackRock Inc. now owns 15,746,356 shares of the financial services provider’s stock worth $786,060,000 after buying an additional 590,634 shares in the last quarter. Usca Ria LLC boosted its position in shares of TD Ameritrade by 1.4% in the 3rd quarter. Usca Ria LLC now owns 40,124 shares of the financial services provider’s stock worth $1,874,000 after buying an additional 543 shares in the last quarter. BB&T Securities LLC boosted its position in shares of TD Ameritrade by 15.7% in the 3rd quarter. BB&T Securities LLC now owns 7,299 shares of the financial services provider’s stock worth $338,000 after buying an additional 992 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of TD Ameritrade by 9.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,159,469 shares of the financial services provider’s stock worth $255,860,000 after buying an additional 455,002 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

NASDAQ:AMTD opened at $51.79 on Tuesday. The firm has a market cap of $28.07 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average is $41.72 and its two-hundred day moving average is $46.26. TD Ameritrade Holding Corp. has a 12-month low of $32.69 and a 12-month high of $57.88.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.08. TD Ameritrade had a net margin of 36.72% and a return on equity of 27.18%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts forecast that TD Ameritrade Holding Corp. will post 3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, November 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from TD Ameritrade’s previous quarterly dividend of $0.30. TD Ameritrade’s dividend payout ratio is currently 30.02%.

AMTD has been the topic of a number of recent research reports. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 23rd. Gabelli lowered shares of TD Ameritrade from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Wells Fargo & Co upgraded shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a report on Tuesday, November 26th. Barclays upgraded shares of TD Ameritrade from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $33.00 to $53.00 in a report on Wednesday, November 27th. Finally, ValuEngine upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $46.30.

About TD Ameritrade

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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