TD Ameritrade Holding Corp. (NASDAQ:AMTD) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 9,089,200 shares, a growth of 10.5% from the May 30th total of 8,227,200 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 2,500,000 shares, the short-interest ratio is currently 3.6 days.
Several analysts have commented on AMTD shares. ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday. Wolfe Research upgraded shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Compass Point set a $52.00 target price on shares of E*TRADE Financial and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Bank of America set a $180.00 target price on shares of CME Group and gave the stock a “hold” rating in a report on Tuesday, April 9th. Finally, Citigroup downgraded shares of Apergy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $41.00 to $34.00 in a report on Tuesday, July 9th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. TD Ameritrade currently has an average rating of “Hold” and a consensus target price of $58.86.
Institutional investors and hedge funds have recently modified their holdings of the company. Unigestion Holding SA lifted its holdings in TD Ameritrade by 33.5% during the 2nd quarter. Unigestion Holding SA now owns 749,857 shares of the financial services provider’s stock valued at $37,432,000 after purchasing an additional 188,273 shares during the last quarter. Altman Advisors Inc. lifted its holdings in TD Ameritrade by 17.3% during the 2nd quarter. Altman Advisors Inc. now owns 49,174 shares of the financial services provider’s stock valued at $2,455,000 after purchasing an additional 7,257 shares during the last quarter. Palmer Knight Co lifted its holdings in TD Ameritrade by 1.0% during the 2nd quarter. Palmer Knight Co now owns 92,387 shares of the financial services provider’s stock valued at $4,612,000 after purchasing an additional 871 shares during the last quarter. Insight 2811 Inc. acquired a new stake in TD Ameritrade during the 2nd quarter valued at $734,000. Finally, WINTON GROUP Ltd lifted its holdings in TD Ameritrade by 29.3% during the 2nd quarter. WINTON GROUP Ltd now owns 12,136 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 2,749 shares during the last quarter. 92.01% of the stock is owned by institutional investors.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. TD Ameritrade had a net margin of 34.94% and a return on equity of 26.73%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. Equities research analysts forecast that TD Ameritrade will post 3.97 EPS for the current year.
TD Ameritrade Company 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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