MML Investors Services LLC acquired a new position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,228 shares of the financial services provider’s stock, valued at approximately $370,000.
Several other hedge funds have also recently made changes to their positions in AMTD. Cerebellum GP LLC bought a new position in shares of TD Ameritrade during the 4th quarter worth approximately $126,000. Global Trust Asset Management LLC bought a new position in shares of TD Ameritrade during the 4th quarter worth approximately $179,000. CIBC World Markets Inc. bought a new position in shares of TD Ameritrade during the 4th quarter worth approximately $228,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of TD Ameritrade by 33.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,791 shares of the financial services provider’s stock worth $234,000 after buying an additional 1,210 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of TD Ameritrade during the 4th quarter worth approximately $234,000. Institutional investors own 92.03% of the company’s stock.
Several equities analysts recently commented on AMTD shares. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday, December 26th. Credit Suisse Group started coverage on TD Ameritrade in a research report on Thursday, November 30th. They set an “underperform” rating and a $45.00 target price for the company. BidaskClub downgraded TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 29th. Sandler O’Neill restated a “buy” rating and set a $63.00 target price on shares of TD Ameritrade in a research report on Tuesday, January 23rd. Finally, Citigroup raised their target price on TD Ameritrade from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $60.97.
In other news, EVP Thomas A. Nally sold 17,243 shares of TD Ameritrade stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total value of $967,849.59. Following the completion of the sale, the executive vice president now directly owns 160,079 shares of the company’s stock, valued at approximately $8,985,234.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $55.28, for a total value of $552,800.00. Following the completion of the sale, the director now directly owns 145,000 shares of the company’s stock, valued at $8,015,600. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.
Shares of AMTD stock opened at $61.22 on Wednesday. TD Ameritrade Holding Corp. has a twelve month low of $36.12 and a twelve month high of $63.01. The firm has a market capitalization of $34,359.88, a price-to-earnings ratio of 28.43, a P/E/G ratio of 0.99 and a beta of 1.42. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.
TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.29. TD Ameritrade had a return on equity of 18.27% and a net margin of 23.39%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. equities analysts anticipate that TD Ameritrade Holding Corp. will post 3.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.84 dividend on an annualized basis and a yield of 1.37%. TD Ameritrade’s dividend payout ratio is 48.00%.
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About TD Ameritrade
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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