Seeyond grew its position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 17.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,701 shares of the financial services provider’s stock after buying an additional 1,924 shares during the period. Seeyond’s holdings in TD Ameritrade were worth $634,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Pictet Asset Management Ltd. increased its position in shares of TD Ameritrade by 9.3% in the second quarter. Pictet Asset Management Ltd. now owns 114,739 shares of the financial services provider’s stock worth $5,728,000 after purchasing an additional 9,800 shares during the period. Cibc World Markets Corp bought a new position in shares of TD Ameritrade in the second quarter worth $8,816,000. Meadow Creek Investment Management LLC bought a new position in shares of TD Ameritrade in the second quarter worth $616,000. Glen Harbor Capital Management LLC bought a new position in shares of TD Ameritrade in the second quarter worth $399,000. Finally, Commonwealth Bank of Australia increased its position in shares of TD Ameritrade by 8.1% in the second quarter. Commonwealth Bank of Australia now owns 13,228 shares of the financial services provider’s stock worth $652,000 after purchasing an additional 991 shares during the period. Hedge funds and other institutional investors own 91.61% of the company’s stock.
TD Ameritrade stock traded up $0.36 during midday trading on Friday, reaching $49.74. The company’s stock had a trading volume of 441,362 shares, compared to its average volume of 2,105,391. TD Ameritrade Holding Corp. has a 52 week low of $42.14 and a 52 week high of $57.88. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $46.23 and a 200-day moving average price of $50.73. The stock has a market cap of $27.28 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.20.
TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Monday, July 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.07. TD Ameritrade had a return on equity of 27.13% and a net margin of 36.07%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts predict that TD Ameritrade Holding Corp. will post 4.02 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, August 5th. TD Ameritrade’s dividend payout ratio is presently 35.93%.
A number of brokerages recently commented on AMTD. ValuEngine cut TD Ameritrade from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Deutsche Bank decreased their price target on TD Ameritrade from $47.00 to $46.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Morgan Stanley raised their price target on TD Ameritrade from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Credit Suisse Group raised their price target on TD Ameritrade from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Barclays decreased their price target on TD Ameritrade from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.55.
TD Ameritrade Company Profile
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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