Quantitative Investment Management LLC lowered its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 48.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 102,900 shares of the financial services provider’s stock after selling 94,800 shares during the quarter. Quantitative Investment Management LLC’s holdings in TD Ameritrade were worth $5,261,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMTD. Boston Partners raised its holdings in shares of TD Ameritrade by 41.6% during the fourth quarter. Boston Partners now owns 4,156,751 shares of the financial services provider’s stock valued at $212,535,000 after purchasing an additional 1,221,924 shares during the period. Renaissance Technologies LLC bought a new stake in shares of TD Ameritrade during the fourth quarter worth about $29,191,000. BlackRock Inc. increased its position in shares of TD Ameritrade by 4.2% during the fourth quarter. BlackRock Inc. now owns 14,003,570 shares of the financial services provider’s stock worth $715,999,000 after acquiring an additional 570,868 shares in the last quarter. AGF Investments Inc. increased its position in shares of TD Ameritrade by 40.8% during the third quarter. AGF Investments Inc. now owns 1,647,213 shares of the financial services provider’s stock worth $80,384,000 after acquiring an additional 476,973 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of TD Ameritrade by 2.3% during the third quarter. Janus Henderson Group PLC now owns 20,878,793 shares of the financial services provider’s stock worth $1,018,884,000 after acquiring an additional 473,846 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.
Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at $61.73 on Wednesday. TD Ameritrade Holding Corp. has a 52-week low of $36.12 and a 52-week high of $63.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a market cap of $35,551.36, a PE ratio of 35.27, a price-to-earnings-growth ratio of 1.02 and a beta of 1.42.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, February 5th. TD Ameritrade’s payout ratio is 48.00%.
Several research firms have recently commented on AMTD. Deutsche Bank boosted their target price on shares of TD Ameritrade from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, March 6th. Keefe, Bruyette & Woods raised shares of TD Ameritrade from a “market perform” rating to an “outperform” rating and set a $66.50 target price for the company in a research report on Tuesday, March 6th. BidaskClub raised shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 6th. Goldman Sachs Group reissued a “neutral” rating and set a $67.00 target price (up from $62.00) on shares of TD Ameritrade in a research report on Friday, February 23rd. Finally, Nomura boosted their target price on shares of TD Ameritrade from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. TD Ameritrade currently has a consensus rating of “Buy” and a consensus target price of $60.97.
In other TD Ameritrade news, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $55.28, for a total value of $552,800.00. Following the transaction, the director now directly owns 145,000 shares in the company, valued at $8,015,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas A. Nally sold 17,243 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total transaction of $967,849.59. Following the completion of the transaction, the executive vice president now owns 160,079 shares in the company, valued at $8,985,234.27. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.
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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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