Commerce Bank purchased a new stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,967 shares of the financial services provider’s stock, valued at approximately $210,000.
Other institutional investors have also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV grew its stake in TD Ameritrade by 4.5% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 21,270 shares of the financial services provider’s stock valued at $1,165,000 after purchasing an additional 924 shares during the last quarter. SPC Financial Inc. grew its stake in TD Ameritrade by 3.0% in the second quarter. SPC Financial Inc. now owns 37,855 shares of the financial services provider’s stock valued at $2,073,000 after purchasing an additional 1,095 shares during the last quarter. SNS Financial Group LLC grew its stake in TD Ameritrade by 3.2% in the second quarter. SNS Financial Group LLC now owns 37,685 shares of the financial services provider’s stock valued at $2,064,000 after purchasing an additional 1,185 shares during the last quarter. First Mercantile Trust Co. grew its stake in TD Ameritrade by 38.5% in the second quarter. First Mercantile Trust Co. now owns 4,357 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Northpointe Capital LLC grew its stake in TD Ameritrade by 2.0% in the second quarter. Northpointe Capital LLC now owns 67,676 shares of the financial services provider’s stock valued at $3,707,000 after purchasing an additional 1,329 shares during the last quarter. Hedge funds and other institutional investors own 91.21% of the company’s stock.
Shares of NASDAQ AMTD opened at $51.77 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.13. The stock has a market capitalization of $29.30 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.59 and a beta of 1.23. TD Ameritrade Holding Corp. has a fifty-two week low of $48.03 and a fifty-two week high of $63.01.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, November 5th. This is an increase from TD Ameritrade’s previous quarterly dividend of $0.21. TD Ameritrade’s dividend payout ratio (DPR) is currently 35.93%.
In other TD Ameritrade news, EVP Peter J. Desilva purchased 5,000 shares of the 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 completion of the acquisition, the executive vice president now owns 24,000 shares in the company, valued at $1,361,520. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by company insiders.
Several equities analysts have issued reports on the company. BidaskClub lowered TD Ameritrade from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Citigroup lifted their target price on TD Ameritrade from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. UBS Group cut their target price on TD Ameritrade from $63.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, October 8th. Morgan Stanley lifted their target price on TD Ameritrade from $60.00 to $61.00 and gave the company a “hold” rating in a research note on Tuesday, October 9th. Finally, Credit Suisse Group cut their target price on TD Ameritrade from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $63.45.
WARNING: “Commerce Bank Invests $210,000 in TD Ameritrade Holding Corp. (AMTD)” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.chaffeybreeze.com/2018/11/14/commerce-bank-invests-210000-in-td-ameritrade-holding-corp-amtd.html.
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.
Featured Article: Marijuana Stocks Future Looks Bright
Want to see what other hedge funds are holding AMTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD Ameritrade Holding Corp. (NASDAQ:AMTD).
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.