Rhumbline Advisers increased its position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 12.0% during the first quarter, HoldingsChannel.com reports. The fund owned 304,616 shares of the financial services provider’s stock after acquiring an additional 32,641 shares during the quarter. Rhumbline Advisers’ holdings in TD Ameritrade were worth $15,228,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Liberty Wealth Management LLC acquired a new position in TD Ameritrade in the 1st quarter valued at approximately $33,000. Parallel Advisors LLC increased its stake in TD Ameritrade by 37.6% in the 4th quarter. Parallel Advisors LLC now owns 824 shares of the financial services provider’s stock valued at $40,000 after buying an additional 225 shares during the period. Enlightenment Research LLC acquired a new position in TD Ameritrade in the 4th quarter valued at approximately $78,000. Pearl River Capital LLC acquired a new position in TD Ameritrade in the 4th quarter valued at approximately $95,000. Finally, Advisor Group Inc. increased its stake in TD Ameritrade by 37.8% in the 4th quarter. Advisor Group Inc. now owns 3,098 shares of the financial services provider’s stock valued at $151,000 after buying an additional 850 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.
AMTD stock opened at $52.97 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.23. TD Ameritrade Holding Corp. has a 12 month low of $45.70 and a 12 month high of $62.99.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, May 6th. TD Ameritrade’s dividend payout ratio is 35.93%.
Several research analysts have weighed in on the stock. BidaskClub upgraded shares of TD Ameritrade from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Barclays dropped their price objective on shares of TD Ameritrade from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Bank of America set a $60.00 price objective on shares of TD Ameritrade and gave the company a “buy” rating in a research note on Tuesday, April 9th. Wolfe Research upgraded shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 27th. Finally, Zacks Investment Research lowered shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.50.
In other TD Ameritrade news, EVP Thomas A. Nally sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 157,780 shares of the company’s stock, valued at $8,851,458. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.
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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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