Beacon Investment Advisory Services Inc. lifted its holdings in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,375 shares of the financial services provider’s stock after purchasing an additional 389 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in TD Ameritrade were worth $7,167,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. FDx Advisors Inc. lifted its position in TD Ameritrade by 28.0% in the fourth quarter. FDx Advisors Inc. now owns 4,938 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 1,080 shares during the last quarter. Boston Partners lifted its position 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 valued at $332,891,000 after purchasing an additional 373,417 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in TD Ameritrade by 1.4% in the fourth quarter. Virginia Retirement Systems ET AL now owns 343,900 shares of the financial services provider’s stock valued at $16,837,000 after purchasing an additional 4,700 shares during the last quarter. Westpac Banking Corp lifted its position in TD Ameritrade by 1.8% in the fourth quarter. Westpac Banking Corp now owns 190,804 shares of the financial services provider’s stock valued at $9,342,000 after purchasing an additional 3,452 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in TD Ameritrade in the fourth quarter valued at approximately $6,196,000. 91.92% of the stock is owned by institutional investors.
Several brokerages have weighed in on AMTD. Citigroup boosted their price objective on TD Ameritrade from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 24th. Barclays restated a “buy” rating on shares of TD Ameritrade in a report on Friday, January 25th. Morgan Stanley decreased their target price on TD Ameritrade from $65.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 4th. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Friday, January 25th. Finally, UBS Group upgraded TD Ameritrade from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $62.09.
Shares of AMTD stock opened at $56.66 on Thursday. The firm has a market capitalization of $31.96 billion, a P/E ratio of 16.96, a PEG ratio of 0.86 and a beta of 1.27. TD Ameritrade Holding Corp. has a twelve month low of $45.70 and a twelve month high of $63.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.18 and a current ratio of 1.18.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.10. The company had revenue of $1.52 billion for 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 for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. As a group, equities analysts anticipate that TD Ameritrade Holding Corp. will post 4.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 19th. Investors of record on Tuesday, February 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 4th. This represents a $1.20 annualized dividend and a yield of 2.12%. TD Ameritrade’s payout ratio is 35.93%.
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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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