SNS Financial Group LLC Sells 3,200 Shares of TD Ameritrade Holding Corp. (AMTD)

SNS Financial Group LLC trimmed its holdings in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,500 shares of the financial services provider’s stock after selling 3,200 shares during the period. SNS Financial Group LLC’s holdings in TD Ameritrade were worth $1,866,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Aperio Group LLC lifted its position in TD Ameritrade by 1.3% during the third quarter. Aperio Group LLC now owns 84,752 shares of the financial services provider’s stock valued at $4,136,000 after buying an additional 1,087 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of TD Ameritrade by 6.8% during the second quarter. The Manufacturers Life Insurance Company now owns 17,904 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 1,133 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of TD Ameritrade by 33.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,791 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 1,210 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of TD Ameritrade by 3.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 52,973 shares of the financial services provider’s stock worth $2,709,000 after purchasing an additional 1,617 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of TD Ameritrade by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,852 shares of the financial services provider’s stock worth $1,700,000 after purchasing an additional 1,980 shares in the last quarter. 88.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TD Ameritrade Holding Corp. (AMTD) opened at $56.29 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.35. The stock has a market cap of $31,937.20, a price-to-earnings ratio of 26.43, a P/E/G ratio of 0.92 and a beta of 1.50. TD Ameritrade Holding Corp. has a 12 month low of $36.12 and a 12 month high of $58.83.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.29. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. analysts expect that TD Ameritrade Holding Corp. will post 3.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.49%. TD Ameritrade’s dividend payout ratio (DPR) is presently 48.00%.

In related news, EVP Thomas A. Nally sold 17,243 shares of TD Ameritrade stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total value of $967,849.59. Following the completion of the sale, the executive vice president now owns 160,079 shares in the company, valued at $8,985,234.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the completion of the sale, the director now owns 145,000 shares of the company’s stock, valued at approximately $8,015,600. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

A number of research analysts have recently commented on the stock. BidaskClub raised shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd. Morgan Stanley boosted their target price on shares of TD Ameritrade from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. 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. Barclays boosted their target price on shares of TD Ameritrade from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, SunTrust Banks boosted their target price on shares of TD Ameritrade to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. TD Ameritrade has an average rating of “Buy” and an average target price of $57.29.

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

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