Toronto Dominion Bank Buys 3,883 Shares of TD Ameritrade Holding Corp. (AMTD)
Toronto Dominion Bank lifted its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 0.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 234,008,518 shares of the financial services provider’s stock after purchasing an additional 3,883 shares during the period. TD Ameritrade comprises about 35.4% of Toronto Dominion Bank’s investment portfolio, making the stock its biggest holding. Toronto Dominion Bank owned about 0.41% of TD Ameritrade worth $11,964,855,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Crow Point Partners LLC acquired a new stake in TD Ameritrade during the third quarter worth about $102,000. Cerebellum GP LLC acquired a new stake in TD Ameritrade during the fourth quarter worth about $126,000. Global Trust Asset Management LLC acquired a new stake in TD Ameritrade during the fourth quarter worth about $179,000. Gamco Investors INC. ET AL acquired a new stake in TD Ameritrade during the third quarter worth about $203,000. Finally, Fox Run Management L.L.C. acquired a new stake in TD Ameritrade during the third quarter worth about $220,000. 88.39% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $55.28, for a total value of $552,800.00. Following the completion of the transaction, the director now owns 145,000 shares of the company’s stock, valued at approximately $8,015,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. Nally sold 17,243 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total transaction of $967,849.59. Following the completion of the transaction, the executive vice president now directly owns 160,079 shares of the company’s stock, valued at approximately $8,985,234.27. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.
TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.29. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. equities research analysts predict that TD Ameritrade Holding Corp. will post 3 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, February 5th. TD Ameritrade’s payout ratio is 48.00%.
Several research firms recently weighed in on AMTD. Deutsche Bank increased their price objective on shares of TD Ameritrade from $49.00 to $53.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Wells Fargo & Co reiterated an “outperform” rating and set a $67.00 price objective (up previously from $56.00) on shares of TD Ameritrade in a research note on Thursday, January 4th. SunTrust Banks raised their price target on shares of TD Ameritrade to $72.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. BidaskClub lowered shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Sandler O’Neill restated a “buy” rating and issued a $63.00 price target on shares of TD Ameritrade in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. TD Ameritrade currently has a consensus rating of “Buy” and an average target price of $57.29.
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TD Ameritrade Company 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.
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