Fox Run Management L.L.C. Acquires New Holdings in TD Ameritrade Holding Corp. (AMTD)

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Fox Run Management L.L.C. acquired a new stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,058 shares of the financial services provider’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new stake in shares of TD Ameritrade during the 2nd quarter valued at $115,000. Summit Trail Advisors LLC lifted its holdings in shares of TD Ameritrade by 6,041.6% during the 1st quarter. Summit Trail Advisors LLC now owns 171,903 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 169,104 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in shares of TD Ameritrade by 38.5% during the 2nd quarter. First Mercantile Trust Co. now owns 4,357 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 1,211 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of TD Ameritrade by 34.0% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,122 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of TD Ameritrade during the 2nd quarter valued at $297,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.

Several brokerages have recently commented on AMTD. BidaskClub lowered TD Ameritrade from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. Jefferies Financial Group reissued a “hold” rating and issued a $62.00 target price on shares of TD Ameritrade in a research report on Friday, July 13th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $68.50 target price on shares of TD Ameritrade in a research report on Tuesday, July 24th. Wolfe Research assumed coverage on TD Ameritrade in a research report on Tuesday, September 25th. They issued an “underperform” rating on the stock. Finally, ValuEngine downgraded TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $64.66.

NASDAQ AMTD opened at $50.80 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.13. TD Ameritrade Holding Corp. has a 1 year low of $46.66 and a 1 year high of $63.01. The firm has a market capitalization of $29.99 billion, a P/E ratio of 27.61, a PEG ratio of 0.57 and a beta of 1.33.

TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Monday, July 23rd. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. TD Ameritrade had a return on equity of 21.71% and a net margin of 24.42%. The firm’s revenue for the quarter was up 48.4% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. On average, analysts expect that TD Ameritrade Holding Corp. will post 3.28 earnings per share for the current fiscal year.

In related news, EVP Peter J. Desilva purchased 5,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were bought at an average cost of $56.73 per share, with a total value of $283,650.00. Following the transaction, the executive vice president now owns 24,000 shares of the company’s stock, valued at $1,361,520. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is currently owned by company insiders.

TD Ameritrade Company Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.

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

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