State of Alaska Department of Revenue lessened its position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 11.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,111 shares of the financial services provider’s stock after selling 4,720 shares during the period. State of Alaska Department of Revenue’s holdings in TD Ameritrade were worth $1,901,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of TD Ameritrade in the 2nd quarter valued at $32,000. Liberty Wealth Management LLC acquired a new position in shares of TD Ameritrade in the 1st quarter valued at $33,000. Lenox Wealth Management Inc. acquired a new position in shares of TD Ameritrade in the 1st quarter valued at $102,000. Advisor Group Inc. boosted its holdings in shares of TD Ameritrade by 37.8% in the 4th quarter. Advisor Group Inc. now owns 3,098 shares of the financial services provider’s stock valued at $151,000 after buying an additional 850 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of TD Ameritrade by 47.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,722 shares of the financial services provider’s stock valued at $186,000 after buying an additional 1,200 shares in the last quarter. Institutional investors own 92.05% of the company’s stock.
Several research analysts have recently issued reports on AMTD shares. ValuEngine cut shares of TD Ameritrade from a “hold” rating to a “sell” rating in a report on Thursday. Gabelli restated a “buy” rating on shares of TD Ameritrade in a report on Wednesday, July 24th. Credit Suisse Group upped their target price on shares of TD Ameritrade from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. BidaskClub upgraded shares of TD Ameritrade from a “sell” rating to a “hold” rating in a report on Friday, June 28th. Finally, Citigroup lowered their target price on shares of TD Ameritrade from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $57.60.
AMTD stock traded down $1.57 on Monday, hitting $47.88. The company’s stock had a trading volume of 76,589 shares, compared to its average volume of 2,602,984. The firm’s 50 day simple moving average is $50.65. TD Ameritrade Holding Corp. has a 1 year low of $45.70 and a 1 year high of $60.22. The stock has a market capitalization of $26.65 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42.
TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings results on Monday, July 22nd. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. TD Ameritrade had a net margin of 36.07% and a return on equity of 27.13%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. TD Ameritrade’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts predict that TD Ameritrade Holding Corp. will post 4.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.51%. TD Ameritrade’s payout ratio is currently 35.93%.
About TD Ameritrade
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.
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