BB&T Securities LLC increased its position in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 15.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,299 shares of the financial services provider’s stock after buying an additional 992 shares during the quarter. BB&T Securities LLC’s holdings in TD Ameritrade were worth $338,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. WINTON GROUP Ltd lifted its stake in TD Ameritrade by 29.3% during the second quarter. WINTON GROUP Ltd now owns 12,136 shares of the financial services provider’s stock worth $606,000 after purchasing an additional 2,749 shares during the last quarter. Insight 2811 Inc. bought a new stake in TD Ameritrade in the second quarter valued at $734,000. Palmer Knight Co lifted its stake in TD Ameritrade by 1.0% in the second quarter. Palmer Knight Co now owns 92,387 shares of the financial services provider’s stock valued at $4,612,000 after buying an additional 871 shares during the last quarter. Altman Advisors Inc. lifted its stake in TD Ameritrade by 17.3% in the second quarter. Altman Advisors Inc. now owns 49,174 shares of the financial services provider’s stock valued at $2,455,000 after buying an additional 7,257 shares during the last quarter. Finally, Unigestion Holding SA lifted its stake in TD Ameritrade by 33.5% in the second quarter. Unigestion Holding SA now owns 749,857 shares of the financial services provider’s stock valued at $37,432,000 after buying an additional 188,273 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.
Shares of NASDAQ AMTD opened at $39.60 on Thursday. TD Ameritrade Holding Corp. has a fifty-two week low of $32.69 and a fifty-two week high of $57.88. The firm’s 50-day simple moving average is $38.62 and its 200 day simple moving average is $46.81. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The stock has a market cap of $22.20 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.47 and a beta of 1.18.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.31 per share. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Monday, November 4th. TD Ameritrade’s payout ratio is currently 30.02%.
A number of equities research analysts have issued reports on the company. Morgan Stanley raised their target price on TD Ameritrade from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Citigroup cut TD Ameritrade from a “neutral” rating to a “sell” rating and cut their target price for the company from $35.50 to $27.00 in a research note on Monday, October 14th. TheStreet cut TD Ameritrade from a “b-” rating to a “c+” rating in a research note on Friday, October 18th. ValuEngine upgraded TD Ameritrade from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Credit Suisse Group cut their target price on TD Ameritrade from $61.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. TD Ameritrade presently has an average rating of “Hold” and a consensus price target of $43.36.
TD Ameritrade Company 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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