IFP Advisors Inc raised its stake in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 255.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,207 shares of the financial services provider’s stock after acquiring an additional 1,586 shares during the period. IFP Advisors Inc’s holdings in TD Ameritrade were worth $117,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC lifted its position in shares of TD Ameritrade by 4.0% in the second quarter. Janus Henderson Group PLC now owns 21,835,182 shares of the financial services provider’s stock worth $1,195,913,000 after purchasing an additional 848,903 shares in the last quarter. FMR LLC lifted its position in shares of TD Ameritrade by 13.7% in the second quarter. FMR LLC now owns 17,201,763 shares of the financial services provider’s stock worth $942,141,000 after purchasing an additional 2,071,893 shares in the last quarter. Boston Partners lifted its position in shares of TD Ameritrade by 9.7% in the second quarter. Boston Partners now owns 9,039,655 shares of the financial services provider’s stock worth $495,102,000 after purchasing an additional 802,966 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TD Ameritrade by 45.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,417,104 shares of the financial services provider’s stock worth $233,356,000 after purchasing an additional 1,369,915 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of TD Ameritrade by 19.7% in the second quarter. First Trust Advisors LP now owns 4,043,899 shares of the financial services provider’s stock worth $221,484,000 after purchasing an additional 666,702 shares in the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Peter J. Desilva bought 5,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were acquired at an average cost of $56.73 per share, for a total transaction of $283,650.00. Following the completion of the acquisition, the executive vice president now owns 24,000 shares in the company, valued at $1,361,520. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by insiders.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday, October 25th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $68.50 price objective on shares of TD Ameritrade in a research report on Tuesday, July 24th. BidaskClub raised shares of TD Ameritrade from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Citigroup boosted their price objective on shares of TD Ameritrade from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Finally, Credit Suisse Group cut their price objective on shares of TD Ameritrade from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. TD Ameritrade currently has an average rating of “Buy” and an average target price of $63.45.
Shares of AMTD opened at $52.50 on Friday. The firm has a market cap of $30.25 billion, a P/E ratio of 15.95, a PEG ratio of 0.61 and a beta of 1.23. TD Ameritrade Holding Corp. has a 1-year low of $48.03 and a 1-year high of $63.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.17.
TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Monday, October 22nd. The financial services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. TD Ameritrade had a net margin of 27.02% and a return on equity of 24.54%. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. On average, analysts predict that TD Ameritrade Holding Corp. will post 3.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.29%. This is an increase from TD Ameritrade’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, November 5th.
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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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