Kinneret Advisory LLC bought a new position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) during the 4th quarter, Holdings Channel reports. The firm bought 3,090 shares of the financial services provider’s stock, valued at approximately $151,000.
A number of other hedge funds have also made changes to their positions in the stock. Parallel Advisors LLC grew its stake in 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 buying an additional 225 shares during the last quarter. CENTRAL TRUST Co grew its stake in 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 buying an additional 235 shares during the last quarter. State of Alaska Department of Revenue grew its stake in 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 buying an additional 360 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its stake in 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 buying an additional 389 shares during the last quarter. Finally, Tredje AP fonden grew its stake in TD Ameritrade by 2.4% during the 4th quarter. Tredje AP fonden now owns 17,895 shares of the financial services provider’s stock worth $876,000 after buying an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.
AMTD has been the topic of several research analyst reports. Zacks Investment Research downgraded TD Ameritrade from a “buy” rating to a “hold” rating in a research note on Monday, January 28th. Wells Fargo & Co lowered their price target on TD Ameritrade from $65.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, January 4th. BidaskClub raised TD Ameritrade from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. 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 for the company. Finally, Morgan Stanley set a $64.00 price target on TD Ameritrade and gave the stock a “buy” rating in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. TD Ameritrade has an average rating of “Buy” and an average target price of $61.50.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.10. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, equities research analysts expect that TD Ameritrade Holding Corp. will post 4.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 19th. Stockholders of record on Tuesday, February 5th were issued a $0.30 dividend. The ex-dividend date was Monday, February 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.18%. TD Ameritrade’s dividend payout ratio (DPR) is presently 35.93%.
In other news, EVP Thomas A. Nally sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was 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 accessible through this link. Insiders own 0.44% of the company’s stock.
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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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