TD Asset Management Inc. bought a new position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,207 shares of the financial services provider’s stock, valued at approximately $303,000.
Several other institutional investors also recently modified their holdings of AMTD. Janus Henderson Group PLC boosted its holdings in shares of TD Ameritrade by 26,316.9% during the 2nd quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock worth $877,208,000 after purchasing an additional 20,327,705 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of TD Ameritrade by 5.0% during the 3rd quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after purchasing an additional 11,082,105 shares during the last quarter. RPTC Inc. acquired a new position in shares of TD Ameritrade during the 2nd quarter worth approximately $402,937,000. FMR LLC boosted its holdings in shares of TD Ameritrade by 103.8% during the 2nd quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock worth $450,351,000 after purchasing an additional 5,336,529 shares during the last quarter. Finally, BT Investment Management Ltd acquired a new position in shares of TD Ameritrade during the 2nd quarter worth approximately $148,207,000. Institutional investors and hedge funds own 88.74% of the company’s stock.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut TD Ameritrade from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 5th. BidaskClub upgraded TD Ameritrade from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 2nd. Credit Suisse Group began coverage on TD Ameritrade in a report on Thursday, November 30th. They issued an “underperform” rating and a $45.00 price objective on the stock. Jefferies Group reiterated a “hold” rating and issued a $46.00 price objective on shares of TD Ameritrade in a report on Friday, October 6th. Finally, SunTrust Banks reiterated a “buy” rating on shares of TD Ameritrade in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TD Ameritrade has a consensus rating of “Hold” and an average price target of $49.93.
TD Ameritrade Holding Corp. (NASDAQ AMTD) opened at $51.98 on Friday. TD Ameritrade Holding Corp. has a twelve month low of $36.12 and a twelve month high of $54.24. The company has a market capitalization of $28,845.87, a P/E ratio of 29.24, a P/E/G ratio of 1.69 and a beta of 1.57. 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 (NASDAQ:AMTD) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share. equities analysts anticipate that TD Ameritrade Holding Corp. will post 2.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were given a $0.21 dividend. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.84 dividend on an annualized basis and a yield of 1.62%. TD Ameritrade’s payout ratio is presently 51.22%.
In other news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the business’s stock in a transaction on Monday, September 18th. The shares were bought at an average price of $36.12 per share, with a total value of $399,999,995.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by insiders.
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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.
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