Nissay Asset Management Corp Japan ADV lifted its holdings in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,552 shares of the financial services provider’s stock after purchasing an additional 2,969 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in TD Ameritrade were worth $966,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Signaturefd LLC grew its stake in shares of TD Ameritrade by 259.8% in the first quarter. Signaturefd LLC now owns 716 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 517 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of TD Ameritrade by 292.5% in the fourth quarter. Quadrant Capital Group LLC now owns 683 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 509 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of TD Ameritrade by 101.3% in the second quarter. FNY Investment Advisers LLC now owns 1,208 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 608 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of TD Ameritrade by 145.6% in the first quarter. Parallel Advisors LLC now owns 1,471 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 872 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in TD Ameritrade by 134.0% during the first quarter. Fifth Third Bancorp now owns 1,968 shares of the financial services provider’s stock worth $68,000 after buying an additional 1,127 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on AMTD shares. Morgan Stanley increased their target price on shares of TD Ameritrade from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. BidaskClub cut shares of TD Ameritrade from a “sell” rating to a “strong sell” rating in a report on Friday, June 26th. Compass Point cut shares of TD Ameritrade from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Wednesday, May 20th. Piper Sandler dropped their target price on shares of TD Ameritrade from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Finally, Wells Fargo & Co dropped their price objective on shares of TD Ameritrade from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. TD Ameritrade currently has a consensus rating of “Hold” and an average price target of $41.85.
In other news, Director Joseph H. Moglia sold 9,683 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $44.00, for a total transaction of $426,052.00. Following the completion of the sale, the director now owns 94,113 shares of the company’s stock, valued at approximately $4,140,972. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.44% of the company’s stock.
NASDAQ:AMTD opened at $35.89 on Friday. The company has a market capitalization of $19.41 billion, a PE ratio of 9.60, a P/E/G ratio of 1.33 and a beta of 1.21. The company has a 50 day simple moving average of $37.34 and a two-hundred day simple moving average of $39.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. TD Ameritrade Holding Corp. has a fifty-two week low of $27.70 and a fifty-two week high of $53.99.
TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.41 billion. TD Ameritrade had a net margin of 32.88% and a return on equity of 22.51%. Research analysts predict that TD Ameritrade Holding Corp. will post 3.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, August 6th. TD Ameritrade’s dividend payout ratio (DPR) is 30.02%.
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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