Baillie Gifford & Co. lifted its position in TD Ameritrade (NASDAQ:AMTD) by 1.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,133,945 shares of the financial services provider’s stock after acquiring an additional 143,220 shares during the quarter. Baillie Gifford & Co. owned approximately 1.61% of TD Ameritrade worth $541,005,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of AMTD. Advisors Preferred LLC purchased a new stake in TD Ameritrade in the 1st quarter worth approximately $103,000. Cerebellum GP LLC purchased a new stake in TD Ameritrade in the 4th quarter worth approximately $126,000. Global Trust Asset Management LLC purchased a new stake in TD Ameritrade in the 4th quarter worth approximately $179,000. First Mercantile Trust Co. purchased a new stake in TD Ameritrade in the 1st quarter worth approximately $186,000. Finally, D.B. Root & Company LLC purchased a new stake in TD Ameritrade in the 1st quarter worth approximately $201,000. Institutional investors and hedge funds own 91.73% of the company’s stock.
A number of research firms have issued reports on AMTD. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 9th. Jefferies Group reiterated a “hold” rating and issued a $65.00 target price on shares of TD Ameritrade in a research report on Tuesday, April 24th. Zacks Investment Research downgraded shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. Morgan Stanley increased their target price on shares of TD Ameritrade from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 10th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $69.00 target price on shares of TD Ameritrade in a research report on Thursday, April 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $63.24.
TD Ameritrade stock opened at $61.33 on Wednesday. The firm has a market cap of $34.44 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 0.74 and a beta of 1.37. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.33. TD Ameritrade has a 1-year low of $36.50 and a 1-year high of $63.01.
TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings results on Monday, April 23rd. The financial services provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. TD Ameritrade had a net margin of 22.02% and a return on equity of 19.66%. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. research analysts expect that TD Ameritrade will post 3.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 22nd. Stockholders of record on Tuesday, May 8th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, May 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.37%. TD Ameritrade’s dividend payout ratio is currently 45.65%.
TD Ameritrade Company Profile
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
Want to see what other hedge funds are holding AMTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD Ameritrade (NASDAQ:AMTD).
Receive News & Ratings for TD Ameritrade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade and related companies with MarketBeat.com's FREE daily email newsletter.