Parsec Financial Management Inc. reduced its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,907 shares of the financial services provider’s stock after selling 3,036 shares during the quarter. Parsec Financial Management Inc. owned approximately 0.05% of TD Ameritrade worth $14,422,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of TD Ameritrade during the 2nd quarter valued at $32,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in TD Ameritrade by 47.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,722 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 1,200 shares during the period. Eqis Capital Management Inc. acquired a new stake in TD Ameritrade during the 2nd quarter valued at $204,000. New York State Teachers Retirement System raised its stake in TD Ameritrade by 8.6% during the 2nd quarter. New York State Teachers Retirement System now owns 23,900 shares of the financial services provider’s stock valued at $1,193,000 after purchasing an additional 1,900 shares during the period. Finally, Polianta Ltd raised its stake in TD Ameritrade by 5.9% during the 2nd quarter. Polianta Ltd now owns 21,300 shares of the financial services provider’s stock valued at $1,063,000 after purchasing an additional 1,180 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

TD Ameritrade stock traded down $0.27 during mid-day trading on Tuesday, hitting $51.14. 64,022 shares of the company’s stock were exchanged, compared to its average volume of 2,325,627. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.17 and a current ratio of 1.22. TD Ameritrade Holding Corp. has a 1-year low of $45.70 and a 1-year high of $60.24. The business has a 50 day moving average price of $50.77. The firm has a market capitalization of $28.22 billion, a PE ratio of 15.35, a P/E/G ratio of 1.17 and a beta of 1.15.

TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings results on Monday, July 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.07. TD Ameritrade had a net margin of 36.07% and a return on equity of 27.13%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts expect that TD Ameritrade Holding Corp. will post 4.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, August 5th. TD Ameritrade’s payout ratio is presently 35.93%.

AMTD has been the topic of several recent analyst reports. Compass Point set a $52.00 target price on shares of E*TRADE Financial and gave the company a “buy” rating in a research note on Tuesday, July 2nd. UBS Group reissued a “sell” rating on shares of in a research note on Monday, June 24th. Bank of America set a $180.00 price target on shares of CME Group and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Morgan Stanley dropped their price target on shares of Lionsgate from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, Citigroup downgraded shares of Apergy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $41.00 to $34.00 in a research note on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. TD Ameritrade presently has an average rating of “Hold” and a consensus price target of $57.60.

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.

Featured Story: Why is insider trading harmful?

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

Receive News & Ratings for TD Ameritrade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade and related companies with MarketBeat.com's FREE daily email newsletter.