Amalgamated Bank boosted its stake in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 29.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,965 shares of the financial services provider’s stock after buying an additional 8,599 shares during the period. Amalgamated Bank’s holdings in TD Ameritrade were worth $2,249,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Preferred LLC bought a new position in TD Ameritrade in the 1st quarter valued at about $103,000. First Mercantile Trust Co. bought a new position in TD Ameritrade in the 1st quarter valued at about $186,000. D.B. Root & Company LLC bought a new position in TD Ameritrade in the 1st quarter valued at about $201,000. Symphony Asset Management LLC bought a new position in TD Ameritrade in the 1st quarter valued at about $214,000. Finally, Cigna Investments Inc. New bought a new position in TD Ameritrade in the 1st quarter valued at about $217,000. Hedge funds and other institutional investors own 91.80% of the company’s stock.
Shares of TD Ameritrade opened at $58.39 on Monday, according to Marketbeat Ratings. TD Ameritrade Holding Corp. has a one year low of $40.46 and a one year high of $63.01. The stock has a market capitalization of $33.57 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 0.72 and a beta of 1.33. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.33.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Monday, April 23rd. The financial services provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.01). TD Ameritrade had a return on equity of 19.66% and a net margin of 22.02%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $0.07 earnings per share. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. analysts anticipate that TD Ameritrade Holding Corp. will post 3.21 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on AMTD shares. Deutsche Bank increased their target price on shares of TD Ameritrade from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, March 6th. BidaskClub lowered shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th. Bank of America upgraded shares of TD Ameritrade from a “neutral” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Monday, April 9th. They noted that the move was a valuation call. Rosenblatt Securities set a $65.00 target price on shares of TD Ameritrade and gave the company a “buy” rating in a research report on Friday, April 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $69.00 target price on shares of TD Ameritrade in a research report on Thursday, April 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.83.
In other TD Ameritrade news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the transaction, the director now directly owns 125,000 shares in the company, valued at $7,500,000. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.44% of the company’s stock.
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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