California Public Employees Retirement System increased its position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 563,312 shares of the financial services provider’s stock after purchasing an additional 8,891 shares during the quarter. California Public Employees Retirement System’s holdings in TD Ameritrade were worth $28,802,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of AMTD. Toronto Dominion Bank raised its holdings in TD Ameritrade by 5.0% during the third quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after purchasing an additional 11,082,105 shares during the last quarter. CI Investments Inc. acquired a new position in TD Ameritrade during the third quarter worth $72,434,000. Boston Partners raised its holdings in TD Ameritrade by 41.6% during the fourth quarter. Boston Partners now owns 4,156,751 shares of the financial services provider’s stock worth $212,535,000 after purchasing an additional 1,221,924 shares during the last quarter. AGF Investments Inc. raised its holdings in TD Ameritrade by 40.8% during the third quarter. AGF Investments Inc. now owns 1,647,213 shares of the financial services provider’s stock worth $80,384,000 after purchasing an additional 476,973 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in TD Ameritrade by 2.3% during the third quarter. Janus Henderson Group PLC now owns 20,878,793 shares of the financial services provider’s stock worth $1,018,884,000 after buying an additional 473,846 shares in the last quarter. 88.39% of the stock is owned by hedge funds and other institutional investors.
In other TD Ameritrade news, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the completion of the sale, the director now owns 145,000 shares of the company’s stock, valued at $8,015,600. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas A. Nally sold 17,243 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total value of $967,849.59. Following the sale, the executive vice president now directly owns 160,079 shares of the company’s stock, valued at approximately $8,985,234.27. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.
TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.29. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.20 billion. TD Ameritrade had a return on equity of 18.27% and a net margin of 23.39%. analysts expect that TD Ameritrade Holding Corp. will post 3.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, February 5th. TD Ameritrade’s dividend payout ratio is currently 48.00%.
Several equities analysts have weighed in on AMTD shares. Bank of America set a $54.00 price target on TD Ameritrade and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded TD Ameritrade from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Credit Suisse Group started coverage on TD Ameritrade in a research report on Thursday, November 30th. They set an “underperform” rating and a $45.00 price target for the company. Deutsche Bank raised TD Ameritrade from a “hold” rating to a “buy” rating and raised their price target for the stock from $53.00 to $55.00 in a research report on Monday, November 13th. Finally, BidaskClub raised TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $57.29.
TD Ameritrade Company Profile
TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.
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