Victory Capital Management Inc. reduced its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 16.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 838,556 shares of the financial services provider’s stock after selling 170,276 shares during the quarter. Victory Capital Management Inc. owned 0.15% of TD Ameritrade worth $41,919,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in TD Ameritrade in the fourth quarter worth about $158,098,000. JPMorgan Chase & Co. raised its holdings in TD Ameritrade by 74.5% in the third quarter. JPMorgan Chase & Co. now owns 3,219,403 shares of the financial services provider’s stock worth $170,080,000 after purchasing an additional 1,374,810 shares in the last quarter. Boston Partners raised its holdings in TD Ameritrade by 5.8% in the fourth 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 in the last quarter. BlackRock Inc. raised its holdings in TD Ameritrade by 2.5% in the fourth 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 in the last quarter. Finally, Pendal Group Ltd raised its holdings in TD Ameritrade by 8.4% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 92.94% of the company’s stock.
A number of brokerages have commented on AMTD. BidaskClub upgraded shares of TD Ameritrade from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. Barclays reduced their target price on shares of TD Ameritrade from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Bank of America set a $60.00 target price on shares of TD Ameritrade and gave the stock a “buy” rating in a report on Tuesday, April 9th. Wolfe Research upgraded shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Finally, Zacks Investment Research lowered TD Ameritrade from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. One 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 stock. The stock presently has an average rating of “Hold” and a consensus target price of $62.50.
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 value of $1,402,500.00. Following the sale, the executive vice president now owns 157,780 shares in the company, valued at $8,851,458. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is owned by corporate insiders.
Shares of AMTD stock traded up $1.41 during trading hours on Thursday, reaching $52.92. 29,600 shares of the company’s stock were exchanged, compared to its average volume of 2,218,594. TD Ameritrade Holding Corp. has a 1 year low of $45.70 and a 1 year high of $62.99. The firm has a market capitalization of $28.84 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.79 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.17 and a current ratio of 1.17.
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 Zacks’ consensus estimate of $0.93. TD Ameritrade had a return on equity of 26.73% and a net margin of 34.94%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that TD Ameritrade Holding Corp. will post 3.99 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, May 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.27%. TD Ameritrade’s payout ratio is 35.93%.
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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