Davis Capital Partners LLC lessened its holdings in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 14.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 400,000 shares of the financial services provider’s stock after selling 70,000 shares during the quarter. TD Ameritrade accounts for approximately 2.3% of Davis Capital Partners LLC’s holdings, making the stock its 18th largest holding. Davis Capital Partners LLC owned 0.08% of TD Ameritrade worth $19,520,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of TD Ameritrade by 63.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 38,147 shares of the financial services provider’s stock valued at $1,861,000 after purchasing an additional 14,775 shares during the period. Invictus RG acquired a new stake in shares of TD Ameritrade in the 3rd quarter valued at about $381,000. KBC Group NV raised its stake in shares of TD Ameritrade by 686.9% in the 3rd quarter. KBC Group NV now owns 192,246 shares of the financial services provider’s stock valued at $9,382,000 after purchasing an additional 167,816 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of TD Ameritrade by 6.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 516,157 shares of the financial services provider’s stock valued at $25,189,000 after purchasing an additional 33,511 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of TD Ameritrade in the 3rd quarter valued at about $300,000. 88.74% of the stock is currently owned by institutional investors and hedge funds.
In other TD Ameritrade news, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of TD Ameritrade stock in a transaction that occurred on Monday, September 18th. The stock was acquired at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph H. Moglia sold 15,000 shares of TD Ameritrade stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $44.66, for a total value of $669,900.00. Following the transaction, the director now owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.
TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $958.57 million. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. TD Ameritrade’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. sell-side analysts expect that TD Ameritrade Holding Corp. will post 2.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were issued a $0.21 dividend. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 1.57%. TD Ameritrade’s dividend payout ratio (DPR) is presently 51.22%.
Several analysts have issued reports on the company. BidaskClub raised TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Credit Suisse Group assumed coverage on TD Ameritrade in a research note on Thursday, November 30th. They issued an “underperform” rating and a $45.00 price target on the stock. Deutsche Bank raised TD Ameritrade from a “hold” rating to a “buy” rating and lifted their price target for the company from $53.00 to $55.00 in a research note on Monday, November 13th. Bank of America set a $54.00 price target on TD Ameritrade and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, SunTrust Banks reissued a “buy” rating on shares of TD Ameritrade in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $49.93.
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About TD Ameritrade
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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