Public Employees Retirement Association of Colorado cut its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,181 shares of the financial services provider’s stock after selling 305 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in TD Ameritrade were worth $2,390,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of AMTD. Daiwa Securities Group Inc. raised its stake in TD Ameritrade by 18.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 315,500 shares of the financial services provider’s stock valued at $14,734,000 after purchasing an additional 49,023 shares during the period. Creative Planning raised its stake in TD Ameritrade by 3.0% during the 3rd quarter. Creative Planning now owns 1,211,651 shares of the financial services provider’s stock valued at $56,584,000 after purchasing an additional 35,510 shares during the period. IFM Investors Pty Ltd raised its stake in TD Ameritrade by 36.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 30,116 shares of the financial services provider’s stock valued at $1,406,000 after purchasing an additional 8,115 shares during the period. Palmer Knight Co raised its stake in TD Ameritrade by 3.5% during the 3rd quarter. Palmer Knight Co now owns 95,609 shares of the financial services provider’s stock valued at $4,465,000 after purchasing an additional 3,222 shares during the period. Finally, California Public Employees Retirement System raised its stake in TD Ameritrade by 29.6% during the 3rd quarter. California Public Employees Retirement System now owns 621,799 shares of the financial services provider’s stock valued at $29,038,000 after purchasing an additional 142,100 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.
Several analysts recently issued reports on AMTD shares. Barclays reissued a “sell” rating and set a $33.00 target price on shares of TD Ameritrade in a research note on Thursday, October 24th. Citigroup downgraded TD Ameritrade from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $35.50 to $27.00 in a research note on Monday, October 14th. Deutsche Bank lifted their price objective on TD Ameritrade from $34.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. Gabelli reaffirmed a “buy” rating on shares of TD Ameritrade in a research note on Wednesday, July 24th. Finally, Bank of America downgraded TD Ameritrade from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $57.00 to $39.00 in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $43.36.
NASDAQ:AMTD traded down $0.60 during trading hours on Wednesday, reaching $39.60. The stock had a trading volume of 2,352,000 shares, compared to its average volume of 2,952,125. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.15 and a current ratio of 1.19. TD Ameritrade Holding Corp. has a 52 week low of $32.69 and a 52 week high of $57.88. The company has a 50 day moving average price of $38.62 and a two-hundred day moving average price of $46.81. The stock has a market capitalization of $22.20 billion, a PE ratio of 9.59, a PEG ratio of 1.47 and a beta of 1.18.
TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings data 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 return on equity of 27.18% and a net margin of 36.72%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. Equities research analysts predict that TD Ameritrade Holding Corp. will post 3 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, November 4th. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. This is an increase from TD Ameritrade’s previous quarterly dividend of $0.30. TD Ameritrade’s payout ratio is currently 30.02%.
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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