California Public Employees Retirement System boosted its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 554,421 shares of the financial services provider’s stock after buying an additional 13,521 shares during the period. California Public Employees Retirement System owned about 0.10% of TD Ameritrade worth $27,056,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AMTD. Janus Henderson Group PLC grew its stake in TD Ameritrade by 26,316.9% during the 2nd quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock valued at $877,208,000 after acquiring an additional 20,327,705 shares in the last quarter. Toronto Dominion Bank grew its stake in TD Ameritrade by 5.0% during the 3rd quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock valued at $11,419,426,000 after acquiring an additional 11,082,105 shares in the last quarter. RPTC Inc. purchased a new position in TD Ameritrade during the 2nd quarter valued at about $402,937,000. FMR LLC grew its stake in TD Ameritrade by 103.8% during the 2nd quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock valued at $450,351,000 after acquiring an additional 5,336,529 shares in the last quarter. Finally, BT Investment Management Ltd purchased a new position in TD Ameritrade during the 2nd quarter valued at about $148,207,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.
AMTD has been the topic of several research analyst reports. Bank of America set a $54.00 target price on TD Ameritrade and gave the company a “hold” rating in a research note on Wednesday, October 25th. Deutsche Bank raised TD Ameritrade from a “hold” rating to a “buy” rating and lifted their target price for the company from $53.00 to $55.00 in a research note on Monday, November 13th. Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a research note on Tuesday, October 3rd. Citigroup reaffirmed a “neutral” rating and set a $50.00 target price on shares of TD Ameritrade in a research note on Tuesday, October 10th. Finally, SunTrust Banks reissued a “buy” rating on shares of TD Ameritrade in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. TD Ameritrade presently has an average rating of “Hold” and an average price target of $49.93.
TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business 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%. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. research analysts expect that TD Ameritrade Holding Corp. will post 2.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.84 dividend on an annualized basis and a yield of 1.61%. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.18. TD Ameritrade’s dividend payout ratio is presently 51.22%.
TD Ameritrade 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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