Beacon Investment Advisory Services Inc. acquired a new position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 120,056 shares of the financial services provider’s stock, valued at approximately $5,859,000.
A number of other hedge funds also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its position in shares of TD Ameritrade by 2.3% during the 3rd quarter. Janus Henderson Group PLC now owns 20,878,793 shares of the financial services provider’s stock valued at $1,018,884,000 after acquiring an additional 473,846 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of TD Ameritrade by 6.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,852 shares of the financial services provider’s stock valued at $1,700,000 after acquiring an additional 1,980 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of TD Ameritrade by 7.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,103,000 shares of the financial services provider’s stock valued at $201,069,000 after acquiring an additional 267,600 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of TD Ameritrade by 63.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 38,147 shares of the financial services provider’s stock valued at $1,861,000 after acquiring an additional 14,775 shares during the last quarter. Finally, Invictus RG bought a new stake in shares of TD Ameritrade during the 3rd quarter valued at $381,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.
In related news, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $44.66, for a total value of $669,900.00. Following the completion of the transaction, the director now directly owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of TD Ameritrade stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average cost of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.
Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at $52.75 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. TD Ameritrade Holding Corp. has a 1 year low of $36.12 and a 1 year high of $54.24. The company has a market cap of $29,906.03, a price-to-earnings ratio of 30.32, a P/E/G ratio of 1.76 and a beta of 1.57.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $958.57 million. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. research analysts expect that TD Ameritrade Holding Corp. will post 2.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, November 6th. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a yield of 1.59%. TD Ameritrade’s dividend payout ratio is presently 51.22%.
Several brokerages have commented on AMTD. Zacks Investment Research cut shares of TD Ameritrade from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 2nd. Citigroup restated a “neutral” rating and issued a $50.00 price objective on shares of TD Ameritrade in a research report on Tuesday, October 10th. Goldman Sachs Group restated a “neutral” rating and issued a $53.00 price objective on shares of TD Ameritrade in a research report on Tuesday, October 3rd. Finally, Bank of America cut shares of TD Ameritrade from a “buy” rating to a “neutral” rating and upped their price objective for the company from $51.00 to $52.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. TD Ameritrade currently has an average rating of “Buy” and an average price target of $49.93.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/12/11/120056-shares-in-td-ameritrade-holding-corp-amtd-acquired-by-beacon-investment-advisory-services-inc.html.
TD Ameritrade Profile
TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its 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.
Want to see what other hedge funds are holding AMTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD Ameritrade Holding Corp. (NASDAQ:AMTD).
Receive News & Ratings for TD Ameritrade Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade Holding Corp. and related companies with MarketBeat.com's FREE daily email newsletter.