First Mercantile Trust Co. bought a new stake in shares of TD Ameritrade (NASDAQ:AMTD) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,146 shares of the financial services provider’s stock, valued at approximately $186,000.
A number of other large investors have also added to or reduced their stakes in AMTD. Boston Partners grew its stake in TD Ameritrade by 98.2% during the 1st quarter. Boston Partners now owns 8,236,689 shares of the financial services provider’s stock valued at $487,860,000 after acquiring an additional 4,079,938 shares in the last quarter. Jane Street Group LLC grew its stake in TD Ameritrade by 1,777.6% during the 4th quarter. Jane Street Group LLC now owns 1,617,135 shares of the financial services provider’s stock valued at $82,684,000 after acquiring an additional 1,531,007 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in TD Ameritrade by 108.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,683,362 shares of the financial services provider’s stock valued at $158,934,000 after acquiring an additional 1,396,797 shares in the last quarter. Victory Capital Management Inc. grew its stake in TD Ameritrade by 3,809.9% during the 1st quarter. Victory Capital Management Inc. now owns 1,281,564 shares of the financial services provider’s stock valued at $75,907,000 after acquiring an additional 1,248,787 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in TD Ameritrade during the 4th quarter valued at about $29,191,000. 91.73% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on the company. Gabelli reaffirmed a “buy” rating on shares of TD Ameritrade in a research note on Friday, April 27th. Sanford C. Bernstein assumed coverage on TD Ameritrade in a research note on Monday, April 9th. They issued an “outperform” rating and a $40.00 price target for the company. Morgan Stanley boosted their price target on TD Ameritrade from $61.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 10th. Jefferies Group reissued a “hold” rating and issued a $65.00 price target on shares of TD Ameritrade in a research note on Tuesday, April 24th. Finally, BidaskClub cut TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $63.24.
Shares of TD Ameritrade opened at $60.69 on Monday, MarketBeat reports. The company has a market cap of $34.44 billion, a price-to-earnings ratio of 24.67, a P/E/G 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 12-month low of $36.50 and a 12-month high of $63.01.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Monday, April 23rd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. TD Ameritrade had a return on equity of 19.66% and a net margin of 22.02%. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 EPS. equities analysts predict that TD Ameritrade will post 3.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Tuesday, May 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, May 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.38%. TD Ameritrade’s payout ratio is currently 45.65%.
TD Ameritrade Company Profile
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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