Daiwa Securities Group Inc. Acquires 230,661 Shares of TD Ameritrade Holding Corp. (AMTD)

Daiwa Securities Group Inc. increased its holdings in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 2,992.5% in the 4th quarter, Holdings Channel reports. The firm owned 238,369 shares of the financial services provider’s stock after acquiring an additional 230,661 shares during the quarter. Daiwa Securities Group Inc.’s holdings in TD Ameritrade were worth $12,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AMTD. Crow Point Partners LLC purchased a new position in TD Ameritrade in the third quarter valued at $102,000. Cerebellum GP LLC purchased a new position in TD Ameritrade in the fourth quarter valued at $126,000. Global Trust Asset Management LLC purchased a new position in TD Ameritrade in the fourth quarter valued at $179,000. Gamco Investors INC. ET AL purchased a new position in TD Ameritrade in the third quarter valued at $203,000. Finally, Fox Run Management L.L.C. purchased a new position in TD Ameritrade in the third quarter valued at $220,000. 88.62% of the stock is owned by hedge funds and other institutional investors.

TD Ameritrade Holding Corp. (AMTD) opened at $54.69 on Friday. The firm has a market cap of $30,830.85, a PE ratio of 25.51, a P/E/G ratio of 0.91 and a beta of 1.50. TD Ameritrade Holding Corp. has a 52-week low of $36.12 and a 52-week high of $58.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.12.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.29. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. analysts anticipate that TD Ameritrade Holding Corp. will post 3 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, February 5th. This represents a $0.84 dividend on an annualized basis and a yield of 1.54%. TD Ameritrade’s payout ratio is presently 48.00%.

A number of research analysts have weighed in on the stock. Deutsche Bank lifted their price objective on shares of TD Ameritrade from $49.00 to $53.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $67.00 price objective (up previously from $56.00) on shares of TD Ameritrade in a report on Thursday, January 4th. SunTrust Banks lifted their price objective on shares of TD Ameritrade to $72.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. BidaskClub cut shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $63.00 target price on shares of TD Ameritrade in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $57.29.

In related news, EVP Thomas A. Nally sold 17,243 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total transaction of $967,849.59. Following the transaction, the executive vice president now directly owns 160,079 shares in the company, valued at $8,985,234.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $55.28, for a total transaction of $552,800.00. Following the completion of the transaction, the director now owns 145,000 shares in the company, valued at $8,015,600. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

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TD Ameritrade Profile

TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.

Want to see what other hedge funds are holding AMTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD Ameritrade Holding Corp. (NASDAQ:AMTD).

Institutional Ownership by Quarter for TD Ameritrade (NASDAQ:AMTD)

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