Great West Life Assurance Co. Can lessened its position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 18.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 270,792 shares of the financial services provider’s stock after selling 59,590 shares during the period. Great West Life Assurance Co. Can’s holdings in TD Ameritrade were worth $14,851,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in AMTD. Janus Henderson Group PLC lifted its holdings in TD Ameritrade by 4.0% during the second quarter. Janus Henderson Group PLC now owns 21,835,182 shares of the financial services provider’s stock valued at $1,195,913,000 after purchasing an additional 848,903 shares in the last quarter. BlackRock Inc. lifted its stake in shares of TD Ameritrade by 13.0% in the first quarter. BlackRock Inc. now owns 15,826,734 shares of the financial services provider’s stock worth $937,416,000 after buying an additional 1,823,164 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of TD Ameritrade by 1.6% in the first quarter. Baillie Gifford & Co. now owns 9,133,945 shares of the financial services provider’s stock worth $541,005,000 after buying an additional 143,220 shares in the last quarter. Boston Partners lifted its stake in shares of TD Ameritrade by 9.7% in the second quarter. Boston Partners now owns 9,039,655 shares of the financial services provider’s stock worth $495,102,000 after buying an additional 802,966 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in shares of TD Ameritrade by 50.1% in the first quarter. Artisan Partners Limited Partnership now owns 4,903,869 shares of the financial services provider’s stock worth $290,456,000 after buying an additional 1,636,617 shares in the last quarter. Institutional investors own 90.96% of the company’s stock.
In related news, EVP Peter J. Desilva purchased 5,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was acquired at an average cost of $56.73 per share, for a total transaction of $283,650.00. Following the completion of the transaction, the executive vice president now directly owns 24,000 shares in the company, valued at $1,361,520. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the sale, the director now owns 125,000 shares of the company’s stock, valued at $7,500,000. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on AMTD shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $68.50 price target on shares of TD Ameritrade in a research note on Tuesday, July 24th. ValuEngine raised shares of TD Ameritrade from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. Compass Point started coverage on shares of TD Ameritrade in a research note on Monday, June 4th. They issued a “buy” rating and a $74.00 price target on the stock. BidaskClub downgraded shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 26th. Finally, Bank of America set a $67.00 price target on shares of TD Ameritrade and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. TD Ameritrade has a consensus rating of “Buy” and an average target price of $65.19.
TD Ameritrade stock opened at $58.55 on Wednesday. TD Ameritrade Holding Corp. has a 12-month low of $42.23 and a 12-month high of $63.01. The stock has a market cap of $33.25 billion, a P/E ratio of 31.82, a PEG ratio of 0.63 and a beta of 1.30. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.32.
TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings data on Monday, July 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.10. TD Ameritrade had a net margin of 24.42% and a return on equity of 21.71%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business earned $0.44 earnings per share. TD Ameritrade’s revenue was up 48.4% compared to the same quarter last year. equities research analysts predict that TD Ameritrade Holding Corp. will post 3.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 21st. Investors of record on Tuesday, August 7th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Monday, August 6th. TD Ameritrade’s payout ratio is currently 45.65%.
TD Ameritrade Company Profile
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
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