TD Ameritrade Holding Corp. (AMTD) Holdings Boosted by Westpac Banking Corp

Westpac Banking Corp increased its stake in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 30.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 235,695 shares of the financial services provider’s stock after purchasing an additional 55,400 shares during the quarter. Westpac Banking Corp’s holdings in TD Ameritrade were worth $12,051,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Federated Investors Inc. PA raised its holdings in shares of TD Ameritrade by 5.1% in the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 198 shares during the period. Prudential Financial Inc. raised its holdings in shares of TD Ameritrade by 2.9% in the 2nd quarter. Prudential Financial Inc. now owns 18,016 shares of the financial services provider’s stock worth $775,000 after purchasing an additional 500 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of TD Ameritrade by 2.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 46,942 shares of the financial services provider’s stock worth $2,018,000 after purchasing an additional 1,021 shares during the period. Aperio Group LLC raised its holdings in shares of TD Ameritrade by 1.3% in the 3rd quarter. Aperio Group LLC now owns 84,752 shares of the financial services provider’s stock worth $4,136,000 after purchasing an additional 1,087 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of TD Ameritrade by 6.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,904 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 1,133 shares during the period. 88.52% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on AMTD. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Citigroup reiterated a “neutral” rating and issued a $50.00 price objective on shares of TD Ameritrade in a research note on Tuesday, October 10th. Barclays upgraded shares of TD Ameritrade from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $54.00 to $68.00 in a research note on Monday, January 8th. Wells Fargo & Co reiterated an “outperform” rating and issued a $67.00 price objective (up from $56.00) on shares of TD Ameritrade in a research note on Thursday, January 4th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $53.00 price objective on shares of TD Ameritrade in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.81.

TD Ameritrade Holding Corp. (NASDAQ AMTD) opened at $54.96 on Friday. The company has a market cap of $31,202.77, a price-to-earnings ratio of 33.51, a PEG ratio of 1.02 and a beta of 1.57. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. TD Ameritrade Holding Corp. has a 1 year low of $36.12 and a 1 year high of $55.29.

TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. sell-side analysts anticipate that TD Ameritrade Holding Corp. will post 2.68 earnings per share for the current fiscal year.

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TD Ameritrade Company 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.

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

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