Investors sentiment decreased to 0.86 in 2019 Q2. Its down 0.84, from 1.7 in 2019Q1. It fall, as 45 investors sold TD Ameritrade Holding Corporation shares while 119 reduced holdings. 49 funds opened positions while 92 raised stakes. 490.91 million shares or 1.34% less from 497.56 million shares in 2019Q1 were reported.
15,034 are owned by Manufacturers Life Insurance The. Gateway Invest Advisers Ltd Limited Liability Company reported 125,511 shares stake. 349,381 are held by Citadel Advisors Limited Company. New York-based Gabelli Funds Ltd Limited Liability Company has invested 0.02% in TD Ameritrade Holding Corporation (NASDAQ:AMTD). Comerica Bank holds 0% or 10,001 shares in its portfolio. Massachusetts Ser Com Ma holds 0.3% or 14.86 million shares in its portfolio. State Board Of Administration Of Florida Retirement holds 362,999 shares. Utd Capital Fincl Advisers Limited Liability Co reported 319,180 shares. France-based Fund Mgmt Sa has invested 0% in TD Ameritrade Holding Corporation (NASDAQ:AMTD). Pictet Asset Mngmt Ltd reported 114,739 shares. Fruth Inv holds 0.23% or 11,750 shares. Numerixs Tech Inc reported 24,400 shares or 0.35% of all its holdings. Stifel Fin Corp holds 4,833 shares. Bancshares Of Montreal Can accumulated 378,272 shares. Insight 2811 reported 14,600 shares.
The New Schwab Charles Corp Holding in Td Ameritrade Holding Corp
Schwab Charles Corp reported SC 13D form with the SEC for Td Ameritrade Holding Corp. Access it here: 000095010319016850. As reported by Schwab Charles Corp, the filler owns 52.9% or 285,926,967 shares of the Finance–company.
Td Ameritrade Holding Corp stake is new for [reportingPerson]. Date of activity: November 24, 2019. This shows Schwab Charles Corp’s positive view for Td Ameritrade Holding Corp.
Reasons Why Schwab Charles Corp Bought – Td Ameritrade Holding Corp Stock
Item 4.Purpose of Transaction
The Merger Agreement
On November 24, 2019, Schwab entered intothe Merger Agreement with TD Ameritrade and Americano Acquisition Corp., a Delaware corporation and direct wholly owned subsidiaryof Schwab (“Merger Subsidiary”). Upon the terms and subject to the conditions of the Merger Agreement, MergerSubsidiary will merge with and into TD Ameritrade (the “Merger”), with TD Ameritrade surviving as a wholly ownedsubsidiary of Schwab.
Pursuant to the Merger Agreement, at theeffective time of the Merger (the “Effective Time”), each share of Common Stock, issued and outstanding immediatelyprior to the Effective Time (other than treasury shares held by TD Ameritrade and certain shares held by Schwab), will be convertedinto the right to receive 1.0837 shares of voting common stock, par value $0.01 per share, of Schwab (“Schwab Common Stock”)(the “Merger Consideration”); provided, however, that if the Merger Consideration issuable inrespect of shares of Common Stock owned by TD Bank and its affiliates as of immediately prior to the Effective Time, together withany other shares of Schwab Common Stock then owned by TD Bank and its affiliates, would equal a number of shares of Schwab CommonStock exceeding 9.9% (or such lower percentage of shares of Schwab Common Stock as the Federal Reserve Board permits TD Bank toacquire in the Merger consistent with a determination that TD Bank does not control Schwab for purposes of the Bank Holding CompanyAct of 1956, as amended, or the Home Owners’ Loan Act of 1933, as amended), of the issued and outstanding shares of SchwabCommon Stock as of immediately following the Effective Time, then TD Bank will receive one share of nonvoting common stock, $0.01par value per share, of Schwab in lieu of each such excess share of Schwab Common Stock.
The foregoing description of theMergerAgreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement,a copy of which is attached as Exhibit 2.1 to Schwab’s Form 8-K, filed on November 29, 2019 and incorporated herein by reference.
The Voting Agreements
The purpose of the Voting Agreements isto facilitate the consummation of the transactions contemplated by the Merger Agreement.
The TD Bank Voting Agreement requires thatTD Bank (i) vote all shares of Common Stock it owns in favor of the approval and adoption of the Merger Agreement and approvalof the Merger, and against any competing transaction, (ii) not transfer its shares of Common Stock, with certain limited exceptions,(iii) not solicit an alternative transaction or, except when TD Ameritrade is so permitted, participate in discussions or negotiationsregarding an alternative transaction, (iv) not participate in any litigation against Schwab or TD Ameritrade relating to the MergerAgreement or the consummation of the transactions, subject to limited exceptions, and (v) use reasonable best efforts to obtainregulatory approvals that are necessary, proper or advisable to consummate the contemplated transactions. The TD Bank Voting Agreementwill terminate upon the earliest of the Effective Time and termination of the Merger Agreement in accordance with its terms. Thenumber of shares of Common Stock that Schwab may be deemed to beneficially own as a result of the TD Bank Voting Agreement as ofthe date of that agreement was 233,993,484.
The Significant Stockholder Voting Agreementrequires that the Significant Stockholders (i) vote their shares of Common Stock in favor of the approval and adoption of the MergerAgreement and approval of the Merger, and against any competing transaction, (ii) not transfer shares of Common Stock, with certainlimited exceptions, (iii) not solicit an alternative transaction, (iv) not participate in discussions or negotiations regardingan alternative transaction except when TD Ameritrade is so permitted, and (v) not participate in any litigation against Schwabor TD Ameritrade relating to the Merger Agreement or the consummation of the transactions contemplated thereby. The SignificantStockholder Voting Agreement will terminate upon the earliest of (v) the Effective Time, (w) the date and time on which the MergerAgreement is amended in a manner that changes the form of or amount of Merger Consideration or is in any way material and adverseto any of the Significant Stockholders, (x) the termination of the Merger Agreement in accordance with its terms, (y) the dateand time on which the necessary TD Ameritrade stockholder approval is obtained
and (z) the Board of Directors of TD Ameritradechanges its recommendation in favor of the approval and adoption of the Merger Agreement. Furthermore, pursuant to the SignificantStockholder Voting Agreement, Schwab has committed in good faith to seek to maintain, from the date of the closing of the Mergerthrough the second anniversary thereof, a level of employment in Nebraska comparable to TD Ameritrade’s level of employmentin Nebraska at the closing date, taking into account voluntary attrition and transaction-related integration plans. The numberof shares of Common Stock that Schwab may be deemed to beneficially own as a result of the Significant Stockholders Voting Agreementas of the date of that agreement was 51,933,483.
The foregoing descriptions of the VotingAgreements does not purport to be complete and are qualified in its entirety by reference to the full text of each of the TD BankVoting Agreement and the Significant Stockholders Voting Agreement, copies of which are attached as Exhibit 10.2 and Exhibit 10.3,respectively, to Schwab’s Form 8-K, filed on November 29, 2019 and incorporated herein by reference.
The transactions contemplated by the MergerAgreement may, if consummated in accordance with its terms, result in any or all of the actions contemplated by Item 4 of thisSchedule 13D, including, without limitation, (i) the Merger, as a result of which TD Ameritrade would become a subsidiary of Schwab,(ii) the cessation of each existing TD Ameritrade director’s role as a director of TD Ameritrade and changes in one or more membersof management of TD Ameritrade, (iii) material changes in the capitalization, dividend policy, business structure and corporatestructure of TD Ameritrade, (iv) the restatement of TD Ameritrade ‘s charter and bylaws, (v) the termination of TD Ameritrade’slisting on the New York Stock Exchange and (vi) the termination of the Common Stock’s registration under Section l2(g)(4) of theAct. Except as set forth in this Item 4 and in connection with the transactions contemplated by the Merger Agreement and the VotingAgreements, neither Schwab nor, to the knowledge of Schwab, any of the persons set forth on Schedule I hereto, has any plans orproposals that relate to or would result in any of the actions specified in Item 4 of this Schedule l3D (although Schwab and eachperson listed on Schedule I hereto reserves the right to develop such plans).
Td Ameritrade Holding Corp Institutional Sentiment
Filings show 222 investors own Td Ameritrade Holding Corp. The ownership in Q3 2017 is very high, at Infinity of the outstanding shares. This is increased by 28946121. 485171251 were owned by these investors. 35 funds opened new Td Ameritrade Holding Corp stakes, 83 increased positions. There were 27 that closed positions and 81 reduced them.
3 investors had the stock in their top 10. Some are: Crescent Park Management L.P., Toronto Dominion Bank..
Citigroup Inc is an investor bullish on Td Ameritrade Holding Corp, owning 12806762 shares as of Q3 2017 for 0.51% of its portfolio. Crescent Park Management Lp owns 1024944 shares or 9.17% of its portfolio. MI World Asset Management Inc have 0.02% of its portfolio for 12007 shares. Further, Toronto Dominion Bank reported stake worth 36.70% of its portfolio. The NJ Condor Capital Management owns 38093 shares. Td Ameritrade Holding Corp is 0.37% of its portfolio.
SEC Form 13D.
Analysts await TD Ameritrade Holding Corporation (NASDAQ:AMTD) to report earnings on January, 28. They expect $0.76 earnings per share, down 31.53 % or $0.35 from last year’s $1.11 per share. AMTD’s profit will be $410.82 million for 16.93 P/E if the $0.76 EPS becomes a reality. After $1.05 actual earnings per share reported by TD Ameritrade Holding Corporation for the previous quarter, Wall Street now forecasts -27.62 % negative EPS growth.
The stock increased 1.12% or $0.57 during the last trading session, reaching $51.46. About 5.52M shares traded. TD Ameritrade Holding Corporation (NASDAQ:AMTD) has declined 12.14% since December 5, 2018 and is downtrending. It has underperformed by 12.14% the S&P500.
TD Ameritrade Holding Corporation provides securities brokerage and related technology financial services to retail investors and traders, and independent registered investment advisors in the United States. The company has market cap of $27.82 billion. The firm offers trade execution, clearing, and margin lending services; and futures and foreign exchange trade execution services. It has a 12.99 P/E ratio. It offers retail brokerage services for common and preferred stocks; exchange-traded funds (ETFs); mutual funds; options; futures; foreign exchange; fixed income products; primary and secondary offerings of fixed income securities, closed-end funds, common and preferred stocks; margin lending; cash management services; and annuities.
More notable recent TD Ameritrade Holding Corporation (NASDAQ:AMTD) news were published by: Nasdaq.com which released: “Financial Sector Update for 11/25/2019: JPM, WFC, C, BAC, USB, SCHW, AMTD, APO, CB – Nasdaq” on November 25, 2019, also Nasdaq.com with their article: “Charles Schwab to Acquire TD Ameritrade in Blockbuster $25 Billion Deal – Nasdaq” published on November 23, 2019, Nasdaq.com published: “Financial Sector Update for 11/25/2019: REXR,AMTD,SCHW,CB,TD,TD.TO – Nasdaq” on November 25, 2019. More interesting news about TD Ameritrade Holding Corporation (NASDAQ:AMTD) were released by: Nasdaq.com and their article: “StoneCo Ltd. (STNE) Q3 Earnings Lag Estimates – Nasdaq” published on November 21, 2019 as well as Benzinga.com‘s news article titled: “30 Stocks Moving in Thursday’s Pre-Market Session – Benzinga” with publication date: November 21, 2019.
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