Northpointe Capital LLC lifted its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,685 shares of the financial services provider’s stock after buying an additional 5,104 shares during the period. Northpointe Capital LLC’s holdings in TD Ameritrade were worth $3,534,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of AMTD. JPMorgan Chase & Co. grew its position in shares of TD Ameritrade by 74.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,219,403 shares of the financial services provider’s stock worth $170,080,000 after buying an additional 1,374,810 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of TD Ameritrade by 50.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,238,320 shares of the financial services provider’s stock worth $118,250,000 after buying an additional 753,480 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in TD Ameritrade by 946.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 181,665 shares of the financial services provider’s stock worth $9,597,000 after purchasing an additional 164,305 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in TD Ameritrade during the 3rd quarter worth approximately $451,000. Finally, Man Group plc grew its position in TD Ameritrade by 143.9% during the 3rd quarter. Man Group plc now owns 289,622 shares of the financial services provider’s stock worth $15,301,000 after purchasing an additional 170,856 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on AMTD. Zacks Investment Research downgraded shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Bank of America set a $60.00 target price on shares of TD Ameritrade and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Barclays dropped their target price on shares of TD Ameritrade from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Wolfe Research raised shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 27th. Finally, BidaskClub downgraded shares of TD Ameritrade from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $62.50.
Shares of AMTD stock traded down $0.08 during trading hours on Wednesday, hitting $53.92. The company’s stock had a trading volume of 20,561 shares, compared to its average volume of 2,658,004. The company has a market capitalization of $30.30 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 0.79 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.18 and a quick ratio of 1.18. TD Ameritrade Holding Corp. has a 12-month low of $45.70 and a 12-month high of $62.99.
TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. TD Ameritrade had a net margin of 31.17% and a return on equity of 25.99%. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. As a group, sell-side analysts forecast that TD Ameritrade Holding Corp. will post 4.07 earnings per share for the current year.
In other news, EVP Thomas A. Nally sold 25,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $56.10, for a total value of $1,402,500.00. Following the sale, the executive vice president now directly owns 157,780 shares of the company’s stock, valued at approximately $8,851,458. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is owned by corporate insiders.
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TD Ameritrade Profile
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.
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