Haverford Trust Co. reduced its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 35.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,310 shares of the financial services provider’s stock after selling 2,350 shares during the period. Haverford Trust Co.’s holdings in TD Ameritrade were worth $201,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AMTD. MUFG Americas Holdings Corp acquired a new stake in shares of TD Ameritrade in the second quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of TD Ameritrade in the second quarter valued at about $32,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of TD Ameritrade in the second quarter valued at about $35,000. Financial Advantage Inc. acquired a new stake in shares of TD Ameritrade in the third quarter valued at about $49,000. Finally, NuWave Investment Management LLC grew its position in shares of TD Ameritrade by 333.4% in the third quarter. NuWave Investment Management LLC now owns 1,608 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,237 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.
AMTD stock traded up $0.43 during trading on Friday, reaching $40.48. 2,162,300 shares of the stock were exchanged, compared to its average volume of 2,968,298. TD Ameritrade Holding Corp. has a twelve month low of $32.69 and a twelve month high of $57.88. The stock has a 50 day simple moving average of $39.35 and a 200-day simple moving average of $47.07. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $21.83 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be paid a $0.31 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.06%. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.30. TD Ameritrade’s payout ratio is 30.02%.
Several equities research analysts have recently issued reports on AMTD shares. BidaskClub raised TD Ameritrade from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Citigroup downgraded TD Ameritrade from a “neutral” rating to a “sell” rating and lowered their price target for the company from $35.50 to $27.00 in a research report on Monday, October 14th. Bank of America downgraded TD Ameritrade from a “buy” rating to an “underperform” rating and lowered their price target for the company from $57.00 to $39.00 in a research report on Tuesday, October 1st. Deutsche Bank raised their price target on TD Ameritrade from $34.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. Finally, Morgan Stanley raised their price target on TD Ameritrade from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.36.
TD Ameritrade 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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