Lord Abbett & CO. LLC trimmed its position in shares of TD Ameritrade (NASDAQ:AMTD) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 748,900 shares of the financial services provider’s stock after selling 15,100 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.13% of TD Ameritrade worth $44,357,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Advisors Preferred LLC purchased a new stake in TD Ameritrade in the 1st quarter worth $103,000. First Mercantile Trust Co. purchased a new stake in TD Ameritrade in the 1st quarter worth $186,000. D.B. Root & Company LLC purchased a new stake in TD Ameritrade in the 1st quarter worth $201,000. Pitcairn Co. purchased a new stake in TD Ameritrade in the 4th quarter worth $204,000. Finally, Symphony Asset Management LLC purchased a new stake in TD Ameritrade in the 1st quarter worth $214,000. 91.80% of the stock is owned by hedge funds and other institutional investors.
NASDAQ AMTD opened at $60.37 on Thursday. TD Ameritrade has a 12 month low of $39.60 and a 12 month high of $63.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $34.92 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 0.75 and a beta of 1.33.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 22nd. Shareholders of record on Tuesday, May 8th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, May 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.39%. TD Ameritrade’s payout ratio is currently 45.65%.
AMTD has been the subject of several recent analyst reports. BidaskClub lowered shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Zacks Investment Research lowered shares of TD Ameritrade from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. Bank of America raised shares of TD Ameritrade from a “neutral” rating to a “buy” rating and set a $66.00 price target for the company in a report on Monday, April 9th. They noted that the move was a valuation call. Goldman Sachs Group reissued a “neutral” rating and issued a $67.00 price target (up previously from $62.00) on shares of TD Ameritrade in a report on Friday, February 23rd. Finally, Morgan Stanley lifted their target price on shares of TD Ameritrade from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $63.83.
TD Ameritrade 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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