Signition LP bought a new stake in TD Ameritrade Holding Corp. (NASDAQ:AMTD) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,065 shares of the financial services provider’s stock, valued at approximately $237,000.
A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of TD Ameritrade by 3.9% during the second quarter. BlackRock Inc. now owns 15,746,356 shares of the financial services provider’s stock valued at $786,060,000 after purchasing an additional 590,634 shares in the last quarter. Boston Partners raised its stake in shares of TD Ameritrade by 3.1% during the second quarter. Boston Partners now owns 6,819,597 shares of the financial services provider’s stock valued at $340,451,000 after purchasing an additional 204,141 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of TD Ameritrade by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 5,159,469 shares of the financial services provider’s stock valued at $255,860,000 after purchasing an additional 455,002 shares in the last quarter. Pendal Group Ltd raised its stake in shares of TD Ameritrade by 2.7% during the second quarter. Pendal Group Ltd now owns 1,908,135 shares of the financial services provider’s stock valued at $84,643,000 after purchasing an additional 49,559 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of TD Ameritrade by 235.7% during the second quarter. Renaissance Technologies LLC now owns 1,624,326 shares of the financial services provider’s stock valued at $81,086,000 after purchasing an additional 1,140,400 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.
TD Ameritrade stock traded down $0.36 during midday trading on Monday, hitting $40.12. The company’s stock had a trading volume of 50,429 shares, compared to its average volume of 2,968,298. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The stock’s 50-day moving average price is $39.35 and its 200-day moving average price is $47.07. TD Ameritrade Holding Corp. has a 12 month low of $32.69 and a 12 month high of $57.88. The company has a market capitalization of $21.83 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Monday, October 21st. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.97 by $0.08. TD Ameritrade had a net margin of 36.72% and a return on equity of 27.18%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business earned $0.92 earnings per share. TD Ameritrade’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities analysts anticipate that TD Ameritrade Holding Corp. will post 3 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, November 4th. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 3.09%. TD Ameritrade’s payout ratio is 30.02%.
A number of equities research analysts recently weighed in on the stock. TheStreet cut shares of TD Ameritrade from a “b-” rating to a “c+” rating in a research note on Friday, October 18th. Wells Fargo & Co cut shares of TD Ameritrade from an “outperform” rating to an “underperform” rating and cut their price objective for the company from $58.00 to $30.00 in a research note on Thursday, October 3rd. Credit Suisse Group cut their price objective on shares of TD Ameritrade from $61.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Morgan Stanley lifted their price objective on shares of TD Ameritrade from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Barclays restated a “sell” rating and set a $33.00 price objective on shares of TD Ameritrade in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $43.36.
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.
See Also: Why do corrections happen?
Receive News & Ratings for TD Ameritrade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade and related companies with MarketBeat.com's FREE daily email newsletter.