NumerixS Investment Technologies Inc lessened its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 85.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,439 shares of the financial services provider’s stock after selling 14,511 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in TD Ameritrade were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of AMTD. CENTRAL TRUST Co grew its holdings in shares of TD Ameritrade by 76.3% during the 4th quarter. CENTRAL TRUST Co now owns 543 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 235 shares during the period. Parallel Advisors LLC grew its holdings 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 during the period. Enlightenment Research LLC purchased a new stake in shares of TD Ameritrade during the 4th quarter worth about $78,000. Pearl River Capital LLC purchased a new stake in shares of TD Ameritrade during the 4th quarter worth about $95,000. Finally, Advisor Group Inc. grew its holdings in shares of TD Ameritrade by 37.8% during the 4th quarter. Advisor Group Inc. now owns 3,098 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 850 shares during the period. Institutional investors own 91.14% of the company’s stock.
A number of analysts have recently issued reports on the company. Morgan Stanley set a $64.00 target price on TD Ameritrade and gave the stock a “buy” rating in a report on Tuesday, January 29th. BidaskClub upgraded TD Ameritrade from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Zacks Investment Research cut TD Ameritrade from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Barclays reiterated a “buy” rating on shares of TD Ameritrade in a report on Friday, January 25th. Finally, Goldman Sachs Group began coverage on TD Ameritrade in a research report on Friday, November 30th. They set a “neutral” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. TD Ameritrade presently has an average rating of “Buy” and a consensus price target of $61.50.
TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.10. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. Sell-side analysts expect that TD Ameritrade Holding Corp. will post 4.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 19th. Investors of record on Tuesday, February 5th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Monday, February 4th. TD Ameritrade’s dividend payout ratio is currently 35.93%.
In related news, EVP Thomas A. Nally sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $56.10, for a total transaction of $1,402,500.00. Following the sale, the executive vice president now directly owns 157,780 shares of the company’s stock, valued at approximately $8,851,458. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company’s stock.
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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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