Mn Services Vermogensbeheer B.V. increased its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 156,064 shares of the financial services provider’s stock after purchasing an additional 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in TD Ameritrade were worth $7,802,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of AMTD. Cetera Advisor Networks LLC grew its position in shares of TD Ameritrade by 3.5% during the 4th quarter. Cetera Advisor Networks LLC now owns 5,909 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 201 shares in the last quarter. Parallel Advisors LLC grew its position in shares of TD Ameritrade by 37.6% during the 4th quarter. Parallel Advisors LLC now owns 824 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 225 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of TD Ameritrade by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 40,801 shares of the financial services provider’s stock worth $1,996,000 after purchasing an additional 360 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its position in shares of TD Ameritrade by 0.3% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 146,375 shares of the financial services provider’s stock worth $7,167,000 after purchasing an additional 389 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its position in shares of TD Ameritrade by 0.6% during the 1st quarter. Gulf International Bank UK Ltd now owns 62,741 shares of the financial services provider’s stock worth $3,136,000 after purchasing an additional 400 shares in the last quarter. 92.94% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on the stock. Wolfe Research upgraded shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 27th. ValuEngine lowered shares of TD Ameritrade from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Bank of America set a $60.00 target price on shares of TD Ameritrade and gave the stock a “buy” rating in a research report on Tuesday, April 9th. BidaskClub upgraded shares of TD Ameritrade from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, Barclays restated a “buy” rating on shares of TD Ameritrade in a research report on Friday, January 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. TD Ameritrade has a consensus rating of “Hold” and a consensus target price of $62.50.
NASDAQ AMTD opened at $52.97 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42. The company has a market cap of $28.94 billion, a P/E ratio of 15.86, a PEG ratio of 0.79 and a beta of 1.23. TD Ameritrade Holding Corp. has a 1 year low of $45.70 and a 1 year high of $62.99.
TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.93. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. TD Ameritrade had a net margin of 34.94% and a return on equity of 26.73%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. Equities analysts expect that TD Ameritrade Holding Corp. will post 3.99 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.27%. TD Ameritrade’s dividend payout ratio is 35.93%.
In related news, EVP Thomas A. Nally sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $56.10, for a total value of $1,402,500.00. Following the completion of the transaction, the executive vice president now owns 157,780 shares of the company’s stock, valued at approximately $8,851,458. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.44% of the stock is owned by corporate insiders.
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TD Ameritrade 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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