Baltimore Washington Financial Advisors Inc. increased its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 3.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 170,033 shares of the financial services provider’s stock after acquiring an additional 6,274 shares during the period. TD Ameritrade makes up approximately 1.6% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 26th largest holding. Baltimore Washington Financial Advisors Inc.’s holdings in TD Ameritrade were worth $8,982,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC acquired a new position in TD Ameritrade during the 2nd quarter worth approximately $115,000. IFP Advisors Inc lifted its position in TD Ameritrade by 255.4% during the 3rd quarter. IFP Advisors Inc now owns 2,207 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 1,586 shares in the last quarter. Chesley Taft & Associates LLC acquired a new position in TD Ameritrade during the 3rd quarter worth approximately $220,000. First Mercantile Trust Co. lifted its position in TD Ameritrade by 38.5% during the 2nd quarter. First Mercantile Trust Co. now owns 4,357 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in TD Ameritrade by 34.0% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,122 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 1,300 shares in the last quarter. 90.97% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Peter J. Desilva purchased 5,000 shares of the stock in a transaction dated Tuesday, August 21st. The stock was acquired at an average cost of $56.73 per share, for a total transaction of $283,650.00. Following the acquisition, the executive vice president now owns 24,000 shares of the company’s stock, valued at $1,361,520. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by insiders.
Shares of NASDAQ AMTD opened at $52.07 on Friday. TD Ameritrade Holding Corp. has a twelve month low of $47.70 and a twelve month high of $63.01. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $29.56 billion, a PE ratio of 15.59, a PEG ratio of 0.59 and a beta of 1.23.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.04. TD Ameritrade had a return on equity of 24.54% and a net margin of 27.02%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $0.49 EPS. The business’s quarterly revenue was up 42.2% on a year-over-year basis. On average, equities analysts forecast that TD Ameritrade Holding Corp. will post 3.93 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from TD Ameritrade’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, November 5th.
A number of brokerages have issued reports on AMTD. Bank of America set a $67.00 target price on TD Ameritrade and gave the company a “buy” rating in a research report on Wednesday, July 25th. BidaskClub raised TD Ameritrade from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Barclays upped their target price on TD Ameritrade from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $68.50 target price on shares of TD Ameritrade in a research report on Tuesday, July 24th. Finally, Credit Suisse Group raised TD Ameritrade from an “underperform” rating to a “neutral” rating and upped their target price for the company from $58.00 to $63.00 in a research report on Wednesday, July 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $63.45.
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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