BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 4,872 Shares of TD Ameritrade Holding Corp. (AMTD)
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 4.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 107,227 shares of the financial services provider’s stock after selling 4,872 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in TD Ameritrade were worth $5,233,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. lifted its holdings in TD Ameritrade by 6.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 34,852 shares of the financial services provider’s stock valued at $1,700,000 after acquiring an additional 1,980 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of TD Ameritrade by 7.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,103,000 shares of the financial services provider’s stock worth $201,069,000 after buying an additional 267,600 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of TD Ameritrade by 63.2% in the third quarter. Envestnet Asset Management Inc. now owns 38,147 shares of the financial services provider’s stock worth $1,861,000 after buying an additional 14,775 shares during the period. Invictus RG bought a new position in shares of TD Ameritrade in the third quarter worth about $381,000. Finally, KBC Group NV raised its stake in shares of TD Ameritrade by 686.9% in the third quarter. KBC Group NV now owns 192,246 shares of the financial services provider’s stock worth $9,382,000 after buying an additional 167,816 shares during the period. 88.74% of the stock is currently owned by institutional investors.
Several research firms have recently commented on AMTD. BidaskClub downgraded TD Ameritrade from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Deutsche Bank raised their price objective on TD Ameritrade from $49.00 to $53.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, October 3rd. Citigroup reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of TD Ameritrade in a research note on Tuesday, October 10th. Finally, Bank of America downgraded TD Ameritrade from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $51.00 to $52.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. 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 given a strong buy rating to the stock. TD Ameritrade has an average rating of “Hold” and an average target price of $49.93.
Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at $51.46 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. TD Ameritrade Holding Corp. has a 1 year low of $36.12 and a 1 year high of $54.24. The stock has a market capitalization of $29,170.00, a PE ratio of 29.93, a P/E/G ratio of 1.73 and a beta of 1.57.
TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The firm had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $958.57 million. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 18.6% on a year-over-year basis. analysts forecast that TD Ameritrade Holding Corp. will post 2.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were given a dividend of $0.21 per share. The ex-dividend date was Monday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 1.63%. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.18. TD Ameritrade’s dividend payout ratio (DPR) is currently 51.22%.
In other TD Ameritrade news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.42% of the company’s stock.
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TD Ameritrade Company 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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