Personal Capital Advisors Corp cut its holdings in shares of TD Ameritrade (NASDAQ:AMTD) by 32.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 558,440 shares of the financial services provider’s stock after selling 265,747 shares during the quarter. Personal Capital Advisors Corp’s holdings in TD Ameritrade were worth $33,076,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of TD Ameritrade by 4.2% in the fourth quarter. BlackRock Inc. now owns 14,003,570 shares of the financial services provider’s stock worth $715,999,000 after buying an additional 570,868 shares in the last quarter. Snyder Capital Management L P lifted its holdings in shares of TD Ameritrade by 4.8% in the fourth quarter. Snyder Capital Management L P now owns 177,675 shares of the financial services provider’s stock worth $9,085,000 after buying an additional 8,148 shares in the last quarter. American International Group Inc. lifted its holdings in shares of TD Ameritrade by 71.0% in the fourth quarter. American International Group Inc. now owns 14,302 shares of the financial services provider’s stock worth $731,000 after buying an additional 5,939 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of TD Ameritrade by 1.6% in the fourth quarter. California Public Employees Retirement System now owns 563,312 shares of the financial services provider’s stock worth $28,802,000 after buying an additional 8,891 shares in the last quarter. Finally, Gillson Capital LP purchased a new stake in shares of TD Ameritrade in the fourth quarter worth about $4,979,000. 91.73% of the stock is currently owned by institutional investors and hedge funds.
TD Ameritrade opened at $60.97 on Tuesday, Marketbeat Ratings reports. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $34.44 billion, a P/E ratio of 33.14, a P/E/G ratio of 0.74 and a beta of 1.37. TD Ameritrade has a 1-year low of $36.50 and a 1-year high of $63.01.
TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data 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 company had revenue of $1.42 billion during 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% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. sell-side analysts predict that TD Ameritrade will post 3.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Tuesday, May 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, May 7th. TD Ameritrade’s dividend payout ratio (DPR) is 45.65%.
A number of brokerages have recently issued reports on AMTD. 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 lowered 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 analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $63.24.
TD Ameritrade 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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