Westpac Banking Corp increased its holdings in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 8.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,662 shares of the financial services provider’s stock after buying an additional 22,030 shares during the period. Westpac Banking Corp’s holdings in TD Ameritrade were worth $13,611,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of TD Ameritrade in the 2nd quarter worth about $32,000. Liberty Wealth Management LLC acquired a new position in TD Ameritrade in the 1st quarter valued at about $33,000. Steward Partners Investment Advisory LLC acquired a new position in TD Ameritrade in the 2nd quarter valued at about $35,000. Lenox Wealth Management Inc. acquired a new position in TD Ameritrade in the 1st quarter valued at about $102,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in TD Ameritrade by 47.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,722 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 92.52% of the company’s stock.
Shares of NASDAQ AMTD traded down $0.34 on Wednesday, reaching $43.24. 648,822 shares of the company traded hands, compared to its average volume of 2,371,733. TD Ameritrade Holding Corp. has a fifty-two week low of $43.19 and a fifty-two week high of $60.22. The firm’s 50 day moving average is $49.80. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $24.55 billion, a PE ratio of 12.94, a PEG ratio of 1.01 and a beta of 1.16.
TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, July 22nd. The financial services provider reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.07. TD Ameritrade had a net margin of 36.07% and a return on equity of 27.13%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.89 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts anticipate that TD Ameritrade Holding Corp. will post 4 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, August 5th. TD Ameritrade’s dividend payout ratio is currently 35.93%.
Several research analysts recently weighed in on the stock. UBS Group cut their target price on shares of TD Ameritrade from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Compass Point set a $58.00 target price on shares of TD Ameritrade and gave the company a “buy” rating in a research note on Tuesday, July 2nd. BidaskClub downgraded shares of TD Ameritrade from a “hold” rating to a “sell” rating in a research note on Saturday. Morgan Stanley boosted their target price on shares of TD Ameritrade from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Credit Suisse Group boosted their target price on shares of TD Ameritrade from $60.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $56.64.
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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