Port Capital LLC lessened its position in shares of TD Ameritrade (NASDAQ:AMTD) by 26.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,306 shares of the financial services provider’s stock after selling 5,715 shares during the period. Port Capital LLC’s holdings in TD Ameritrade were worth $966,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of TD Ameritrade by 22.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,854 shares of the financial services provider’s stock worth $300,000 after buying an additional 1,063 shares during the last quarter. ETRADE Capital Management LLC increased its holdings in shares of TD Ameritrade by 21.3% in the 4th quarter. ETRADE Capital Management LLC now owns 7,046 shares of the financial services provider’s stock worth $360,000 after buying an additional 1,235 shares during the last quarter. Aperio Group LLC increased its holdings in shares of TD Ameritrade by 1.6% in the 4th quarter. Aperio Group LLC now owns 86,076 shares of the financial services provider’s stock worth $4,401,000 after buying an additional 1,324 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of TD Ameritrade by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 52,973 shares of the financial services provider’s stock worth $2,709,000 after buying an additional 1,617 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of TD Ameritrade by 22.4% in the 1st quarter. Stephens Inc. AR now owns 9,225 shares of the financial services provider’s stock worth $546,000 after buying an additional 1,687 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of TD Ameritrade opened at $60.61 on Thursday, MarketBeat reports. The firm has a market capitalization of $34.45 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 0.74 and a beta of 1.37. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.11 and a quick ratio of 1.11. TD Ameritrade has a 52-week low of $60.52 and a 52-week high of $61.05.
TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Monday, April 23rd. The financial services provider reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.38 billion. TD Ameritrade had a net margin of 22.02% and a return on equity of 19.66%. The company’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. equities research analysts forecast that TD Ameritrade will post 3.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Tuesday, May 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, May 7th. This represents a $0.84 annualized dividend and a yield of 1.39%. TD Ameritrade’s dividend payout ratio (DPR) is presently 45.65%.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. Gabelli reissued a “buy” rating on shares of TD Ameritrade in a report on Friday, April 27th. Morgan Stanley increased their price target on shares of TD Ameritrade from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 25th. Credit Suisse Group decreased their price target on shares of TD Ameritrade from $59.00 to $58.00 and set an “underperform” rating on the stock in a report on Wednesday, April 25th. Finally, Jefferies Group reissued a “hold” rating and issued a $65.00 price target on shares of TD Ameritrade in a report on Tuesday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. TD Ameritrade presently has an average rating of “Buy” and a consensus price target of $63.24.
About TD Ameritrade
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
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