SNS Financial Group LLC trimmed its holdings in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 8.5% during the 4th quarter, Holdings Channel reports. The firm owned 34,505 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 $1,689,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. FMR LLC raised its stake in TD Ameritrade by 13.7% in the 2nd quarter. FMR LLC now owns 17,201,763 shares of the financial services provider’s stock valued at $942,141,000 after acquiring an additional 2,071,893 shares during the period. DNB Asset Management AS raised its stake in TD Ameritrade by 15.2% in the 3rd quarter. DNB Asset Management AS now owns 32,668 shares of the financial services provider’s stock valued at $1,726,000 after acquiring an additional 4,299 shares during the period. Chesley Taft & Associates LLC bought a new stake in TD Ameritrade in the 3rd quarter valued at $220,000. Bank of Montreal Can raised its stake in TD Ameritrade by 1.7% in the 3rd quarter. Bank of Montreal Can now owns 497,929 shares of the financial services provider’s stock valued at $26,305,000 after acquiring an additional 8,234 shares during the period. Finally, First Hawaiian Bank bought a new stake in TD Ameritrade in the 3rd quarter valued at $842,000. 92.33% of the stock is currently owned by institutional investors.
Shares of NASDAQ AMTD opened at $54.20 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.42. TD Ameritrade Holding Corp. has a one year low of $45.70 and a one year high of $63.01. The firm has a market capitalization of $30.41 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.82 and a beta of 1.27.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. Equities analysts forecast that TD Ameritrade Holding Corp. will post 4.03 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 19th. Shareholders of record on Tuesday, February 5th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Monday, February 4th. TD Ameritrade’s dividend payout ratio is 35.93%.
A number of equities research analysts recently weighed in on AMTD shares. Credit Suisse Group dropped their price target on TD Ameritrade from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 30th. Barclays dropped their price target on TD Ameritrade from $69.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 24th. Goldman Sachs Group started coverage on TD Ameritrade in a research note on Friday, November 30th. They issued a “neutral” rating and a $60.00 price target on the stock. Wells Fargo & Co dropped their price target on TD Ameritrade from $65.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, January 4th. Finally, Morgan Stanley upgraded TD Ameritrade from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $61.00 to $65.00 in a research note on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. TD Ameritrade has an average rating of “Buy” and an average price target of $62.09.
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About TD Ameritrade
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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