Creative Planning Lowers stake in TD Ameritrade Holding Corp. (AMTD)

TD Ameritrade Holding Corp. (AMTD) : Creative Planning reduced its stake in TD Ameritrade Holding Corp. by 0.73% during the most recent quarter end. The investment management company now holds a total of 1,126,754 shares of TD Ameritrade Holding Corp. which is valued at $40,236,385 after selling 8,293 shares in TD Ameritrade Holding Corp. , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.TD Ameritrade Holding Corp. makes up approximately 0.26% of Creative Planning’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in AMTD by selling 41,887 shares or 2.65% in the most recent quarter. The Hedge Fund company now holds 1,540,044 shares of AMTD which is valued at $54,994,971. TD Ameritrade Holding Corp. makes up approx 0.06% of Legal General Group Plc’s portfolio.Advisory Services Network boosted its stake in AMTD in the latest quarter, The investment management firm added 197 additional shares and now holds a total of 1,066 shares of TD Ameritrade Holding Corp. which is valued at $38,504. TD Ameritrade Holding Corp. makes up approx 0.01% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AMTD by selling 854 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 63,882 shares of AMTD which is valued at $2,307,418. TD Ameritrade Holding Corp. makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in AMTD by selling 3,113 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 97,332 shares of AMTD which is valued at $3,515,632. TD Ameritrade Holding Corp. makes up approx 1.97% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Independent Portfolio Consultants reduced its stake in AMTD by selling 160 shares or 3.83% in the most recent quarter. The Hedge Fund company now holds 4,015 shares of AMTD which is valued at $145,022. TD Ameritrade Holding Corp. makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.

TD Ameritrade Holding Corp. closed down -0.19 points or -0.53% at $35.71 with 45,15,409 shares getting traded on Tuesday. Post opening the session at $35.84, the shares hit an intraday low of $35.39 and an intraday high of $36.04 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, TD Ameritrade Holding Corp. reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.38. The company had revenue of $838.00 million for the quarter, compared to analysts expectations of $829.85 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on TD Ameritrade Holding Corp.. TD Ameritrade Holding Corp. was Initiated by Morgan Stanley to “Equal-Weight” on Sep 26, 2016. Deutsche Bank Downgraded TD Ameritrade Holding Corp. on Jul 20, 2016 to ” Hold”, Price Target of the shares are set at $31.

TD Ameritrade Holding Corporation (TD Ameritrade) is an investment banking and a retail discount securities brokerage company. The parent company is Delaware Corporation. The Company provides securities brokerage services and related technology-based financial 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. The Company offers various products and services to its client primarily trading in common and preferred stocks American Depository Receipts closed-end funds Exchange Traded Funds Futures & Options Foreign Exchange Mutual Funds Fixed Income securities New and secondary issue securities Margin lending Cash Management Services and Annuities. The Company’s client offerings are primarily provided through Trading and Investing Platforms and Other Offerings.

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