Haverford Trust Co. cut its stake in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 35.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,310 shares of the financial services provider’s stock after selling 2,350 shares during the period. Haverford Trust Co.’s holdings in TD Ameritrade were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nuveen Asset Management LLC lifted its position in TD Ameritrade by 568.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,050,200 shares of the financial services provider’s stock worth $52,426,000 after buying an additional 893,039 shares in the last quarter. Unigestion Holding SA lifted its position in TD Ameritrade by 33.5% during the 2nd quarter. Unigestion Holding SA now owns 749,857 shares of the financial services provider’s stock worth $37,432,000 after buying an additional 188,273 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in TD Ameritrade by 1.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 266,477 shares of the financial services provider’s stock worth $13,303,000 after buying an additional 3,697 shares in the last quarter. BlackRock Inc. lifted its position in TD Ameritrade by 3.9% during the 2nd quarter. BlackRock Inc. now owns 15,746,356 shares of the financial services provider’s stock worth $786,060,000 after buying an additional 590,634 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in TD Ameritrade by 9.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,159,469 shares of the financial services provider’s stock worth $255,860,000 after buying an additional 455,002 shares in the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.
Shares of AMTD stock traded up $0.43 on Friday, reaching $40.48. The stock had a trading volume of 2,162,300 shares, compared to its average volume of 2,968,298. The firm’s 50-day moving average is $39.35 and its two-hundred day moving average is $47.07. TD Ameritrade Holding Corp. has a 12 month low of $32.69 and a 12 month high of $57.88. The firm has a market capitalization of $21.83 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 1.46 and a beta of 1.18. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.41.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Monday, October 21st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.08. TD Ameritrade had a net margin of 36.72% and a return on equity of 27.18%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue was up 11.4% compared to the same quarter last year. On average, sell-side analysts forecast that TD Ameritrade Holding Corp. will post 3 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Monday, November 4th. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.30. TD Ameritrade’s dividend payout ratio is presently 30.02%.
Several equities research analysts have commented on AMTD shares. Credit Suisse Group cut their price target on shares of TD Ameritrade from $61.00 to $53.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Deutsche Bank boosted their price target on shares of TD Ameritrade from $34.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. TheStreet cut shares of TD Ameritrade from a “b-” rating to a “c+” rating in a research report on Friday, October 18th. Gabelli reissued a “buy” rating on shares of TD Ameritrade in a research report on Wednesday, July 24th. Finally, ValuEngine raised shares of TD Ameritrade from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.36.
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.
Further Reading: Bid-Ask Spread
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