New York State Common Retirement Fund boosted its holdings in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 0.7% in the 1st quarter, Holdings Channel reports. The firm owned 810,766 shares of the financial services provider’s stock after purchasing an additional 5,914 shares during the period. New York State Common Retirement Fund’s holdings in TD Ameritrade were worth $40,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in TD Ameritrade in the 4th quarter valued at $158,098,000. JPMorgan Chase & Co. grew its stake in shares of TD Ameritrade by 46.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,704,467 shares of the financial services provider’s stock worth $235,175,000 after purchasing an additional 1,496,455 shares during the period. Boston Partners grew its stake in shares of TD Ameritrade by 5.8% during the 4th quarter. Boston Partners now owns 6,799,245 shares of the financial services provider’s stock worth $332,891,000 after purchasing an additional 373,417 shares during the period. BlackRock Inc. grew its stake in shares of TD Ameritrade by 2.5% during the 4th quarter. BlackRock Inc. now owns 14,142,969 shares of the financial services provider’s stock worth $692,441,000 after purchasing an additional 350,590 shares during the period. Finally, Pendal Group Ltd grew its stake in shares of TD Ameritrade by 8.4% during the 4th quarter. Pendal Group Ltd now owns 3,896,619 shares of the financial services provider’s stock worth $168,318,000 after purchasing an additional 303,045 shares during the period. Hedge funds and other institutional investors own 92.47% of the company’s stock.
AMTD has been the topic of a number of recent analyst reports. Barclays reaffirmed a “buy” rating on shares of TD Ameritrade in a research note on Friday, January 25th. Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Friday, January 25th. Morgan Stanley set a $64.00 target price on shares of TD Ameritrade and gave the company a “buy” rating in a report on Tuesday, January 29th. BidaskClub upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Finally, ValuEngine downgraded shares of TD Ameritrade from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $62.50.
Shares of NASDAQ AMTD opened at $51.98 on Friday. TD Ameritrade Holding Corp. has a one year low of $45.70 and a one year high of $62.99. The stock has a market cap of $28.76 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 0.80 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.17 and a quick ratio of 1.17.
TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.93. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. TD Ameritrade had a return on equity of 26.73% and a net margin of 34.94%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. Equities analysts expect that TD Ameritrade Holding Corp. will post 4 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.31%. TD Ameritrade’s dividend payout ratio is 35.93%.
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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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