Commerce Bank Invests $210,000 in TD Ameritrade Holding Corp. (AMTD)

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.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.04. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. TD Ameritrade had a return on equity of 24.54% and a net margin of 27.02%. The company’s quarterly revenue was up 42.2% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, equities analysts anticipate that TD Ameritrade Holding Corp. will post 3.93 earnings per share for the current year.

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.

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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.

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

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