SG Americas Securities LLC Increases Stake in TD Ameritrade Holding Corp. (AMTD)

SG Americas Securities LLC lifted its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 77.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,237 shares of the financial services provider’s stock after purchasing an additional 16,292 shares during the period. SG Americas Securities LLC’s holdings in TD Ameritrade were worth $1,967,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMTD. FMR LLC lifted its holdings in TD Ameritrade by 13.7% in the second quarter. FMR LLC now owns 17,201,763 shares of the financial services provider’s stock valued at $942,141,000 after buying an additional 2,071,893 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in TD Ameritrade by 45.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,417,104 shares of the financial services provider’s stock valued at $233,356,000 after buying an additional 1,369,915 shares during the period. Janus Henderson Group PLC lifted its holdings in TD Ameritrade by 4.0% in the second quarter. Janus Henderson Group PLC now owns 21,835,182 shares of the financial services provider’s stock valued at $1,195,913,000 after buying an additional 848,903 shares during the period. Boston Partners lifted its holdings in TD Ameritrade by 9.7% in the second quarter. Boston Partners now owns 9,039,655 shares of the financial services provider’s stock valued at $495,102,000 after buying an additional 802,966 shares during the period. Finally, First Trust Advisors LP lifted its holdings in TD Ameritrade by 19.7% in the second quarter. First Trust Advisors LP now owns 4,043,899 shares of the financial services provider’s stock valued at $221,484,000 after buying an additional 666,702 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

AMTD opened at $53.81 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $30.55 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 0.66 and a beta of 1.23. TD Ameritrade Holding Corp. has a twelve month low of $48.03 and a twelve month high of $63.01.

TD Ameritrade (NASDAQ:AMTD) last posted its earnings results on Monday, October 22nd. The financial services provider reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.04. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. TD Ameritrade had a net margin of 27.02% and a return on equity of 24.54%. The business’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. Research analysts predict that TD Ameritrade Holding Corp. will post 3.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 5th. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.21. This represents a $1.20 annualized dividend and a yield of 2.23%. TD Ameritrade’s dividend payout ratio (DPR) is 35.93%.

Several brokerages recently weighed in on AMTD. Citigroup increased their price objective on shares of TD Ameritrade from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, October 24th. Bank of America cut their price objective on shares of TD Ameritrade from $67.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, September 26th. BidaskClub lowered shares of TD Ameritrade from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Barclays cut their price objective on shares of TD Ameritrade from $69.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. Finally, UBS Group upgraded shares of TD Ameritrade from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.29.

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

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