DNB Asset Management AS Acquires 4,299 Shares of TD Ameritrade Holding Corp. (AMTD)

DNB Asset Management AS grew its holdings in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 15.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 32,668 shares of the financial services provider’s stock after purchasing an additional 4,299 shares during the period. DNB Asset Management AS’s holdings in TD Ameritrade were worth $1,726,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC lifted its holdings in shares of TD Ameritrade by 1,296.9% during the second quarter. Cubist Systematic Strategies LLC now owns 58,279 shares of the financial services provider’s stock valued at $3,192,000 after purchasing an additional 54,107 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of TD Ameritrade by 17.1% during the first quarter. Handelsbanken Fonder AB now owns 410,000 shares of the financial services provider’s stock valued at $24,284,000 after acquiring an additional 60,000 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of TD Ameritrade by 7.5% during the second quarter. Metropolitan Life Insurance Co. NY now owns 22,207 shares of the financial services provider’s stock valued at $1,216,000 after acquiring an additional 1,555 shares in the last quarter. Chartwell Investment Partners LLC bought a new stake in shares of TD Ameritrade during the second quarter valued at approximately $2,489,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of TD Ameritrade during the second quarter valued at approximately $115,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.

NASDAQ:AMTD opened at $50.91 on Thursday. 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 Holding Corp. has a 12 month low of $46.66 and a 12 month high of $63.01. The company has a market capitalization of $29.99 billion, a price-to-earnings ratio of 27.77, a P/E/G ratio of 0.57 and a beta of 1.33.

TD Ameritrade (NASDAQ:AMTD) last posted its earnings results on Monday, July 23rd. The financial services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. TD Ameritrade had a net margin of 24.42% and a return on equity of 21.71%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s revenue was up 48.4% on a year-over-year basis. On average, sell-side analysts forecast that TD Ameritrade Holding Corp. will post 3.28 earnings per share for the current year.

In related news, EVP Peter J. Desilva bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was acquired at an average price of $56.73 per share, with a total value of $283,650.00. Following the transaction, the executive vice president now owns 24,000 shares in the company, valued at approximately $1,361,520. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.44% of the company’s stock.

Several equities research analysts recently weighed in on AMTD shares. BidaskClub downgraded shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Jefferies Financial Group reissued a “hold” rating and set a $62.00 price target on shares of TD Ameritrade in a research report on Friday, July 13th. UBS Group reduced their price target on shares of TD Ameritrade from $63.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, October 8th. Morgan Stanley raised their price target on shares of TD Ameritrade from $60.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, October 9th. Finally, Barclays raised their price target on shares of TD Ameritrade from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, July 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $64.66.

TD Ameritrade 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.

See Also: Return on Equity (ROE)

Institutional Ownership by Quarter for TD Ameritrade (NASDAQ:AMTD)

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