Xact Kapitalforvaltning AB lessened its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 9.5% in the third quarter, HoldingsChannel.com reports. The fund owned 68,435 shares of the financial services provider’s stock after selling 7,211 shares during the period. Xact Kapitalforvaltning AB’s holdings in TD Ameritrade were worth $3,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC bought a new position in shares of TD Ameritrade in the 2nd quarter valued at about $115,000. Chesley Taft & Associates LLC bought a new position in shares of TD Ameritrade in the 3rd quarter valued at about $220,000. First Mercantile Trust Co. grew its position in shares of TD Ameritrade by 38.5% in the 2nd quarter. First Mercantile Trust Co. now owns 4,357 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 1,211 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of TD Ameritrade by 34.0% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,122 shares of the financial services provider’s stock worth $281,000 after buying an additional 1,300 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of TD Ameritrade during the 2nd quarter worth about $297,000. 90.97% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on AMTD. Credit Suisse Group cut their target price on shares of TD Ameritrade from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, October 24th. Barclays cut their target price on shares of TD Ameritrade from $69.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, October 25th. Citigroup raised their target price on shares of TD Ameritrade from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 24th. Finally, Jefferies Financial Group restated a “hold” rating and set a $62.00 target price on shares of TD Ameritrade in a research note on Friday, July 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $63.55.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.04. TD Ameritrade had a net margin of 27.02% and a return on equity of 24.54%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s revenue was up 42.2% on a year-over-year basis. As a group, equities research analysts expect that TD Ameritrade Holding Corp. will post 3.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be paid a $0.30 dividend. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, November 5th. This represents a $1.20 annualized dividend and a yield of 2.38%.
In other TD Ameritrade news, EVP Peter J. Desilva acquired 5,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was acquired at an average price of $56.73 per share, for a total transaction of $283,650.00. Following the purchase, the executive vice president now directly owns 24,000 shares of the company’s stock, valued at $1,361,520. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.44% of the stock is owned by insiders.
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.
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