IFM Investors Pty Ltd lifted its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 36.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,116 shares of the financial services provider’s stock after purchasing an additional 8,115 shares during the quarter. IFM Investors Pty Ltd’s holdings in TD Ameritrade were worth $1,406,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. MUFG Americas Holdings Corp acquired a new position in shares of TD Ameritrade in the second quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of TD Ameritrade in the second quarter valued at $32,000. Steward Partners Investment Advisory LLC acquired a new position in shares of TD Ameritrade in the second quarter valued at $35,000. Financial Advantage Inc. acquired a new position in TD Ameritrade during the third quarter worth $49,000. Finally, NuWave Investment Management LLC raised its stake in TD Ameritrade by 333.4% during the third quarter. NuWave Investment Management LLC now owns 1,608 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 1,237 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.
TD Ameritrade stock opened at $40.48 on Friday. TD Ameritrade Holding Corp. has a 52-week low of $32.69 and a 52-week high of $57.88. The stock has a fifty day moving average price of $39.35 and a two-hundred day moving average price of $47.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.15. The firm has a market capitalization of $21.83 billion, a P/E ratio of 9.80, a P/E/G ratio of 1.46 and a beta of 1.18.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be paid a $0.31 dividend. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.24 annualized dividend and a yield of 3.06%. TD Ameritrade’s dividend payout ratio is presently 30.02%.
Several research analysts have issued reports on AMTD shares. Wells Fargo & Co lowered TD Ameritrade from an “outperform” rating to an “underperform” rating and dropped their price objective for the stock from $58.00 to $30.00 in a research note on Thursday, October 3rd. TheStreet lowered TD Ameritrade from a “b-” rating to a “c+” rating in a research note on Friday, October 18th. BidaskClub upgraded TD Ameritrade from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Barclays reiterated a “sell” rating and set a $33.00 price objective on shares of TD Ameritrade in a research note on Thursday, October 24th. Finally, ValuEngine upgraded TD Ameritrade from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target 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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