Gulf International Bank UK Ltd boosted its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 0.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,741 shares of the financial services provider’s stock after purchasing an additional 400 shares during the quarter. Gulf International Bank UK Ltd’s holdings in TD Ameritrade were worth $3,136,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of TD Ameritrade during the fourth quarter valued at about $158,098,000. JPMorgan Chase & Co. boosted its position in TD Ameritrade by 74.5% in the third quarter. JPMorgan Chase & Co. now owns 3,219,403 shares of the financial services provider’s stock valued at $170,080,000 after buying an additional 1,374,810 shares during the last quarter. Bank of New York Mellon Corp boosted its position in TD Ameritrade by 50.7% in the third quarter. Bank of New York Mellon Corp now owns 2,238,320 shares of the financial services provider’s stock valued at $118,250,000 after buying an additional 753,480 shares during the last quarter. Boston Partners boosted its position in TD Ameritrade by 5.8% in the 4th quarter. Boston Partners now owns 6,799,245 shares of the financial services provider’s stock worth $332,891,000 after purchasing an additional 373,417 shares in the last quarter. Finally, BlackRock Inc. boosted its position in TD Ameritrade by 2.5% in the 4th quarter. BlackRock Inc. now owns 14,142,969 shares of the financial services provider’s stock worth $692,441,000 after purchasing an additional 350,590 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.
In other news, EVP Thomas A. Nally sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $56.10, for a total transaction of $1,402,500.00. Following the transaction, the executive vice president now owns 157,780 shares in the company, valued at approximately $8,851,458. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.44% of the company’s stock.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted $0.80 EPS. The business’s revenue was up 20.6% on a year-over-year basis. Sell-side analysts expect that TD Ameritrade Holding Corp. will post 4.07 EPS for the current fiscal year.
Several equities research analysts have commented on the company. Zacks Investment Research lowered TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Bank of America set a $60.00 price objective on TD Ameritrade and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Barclays lowered their price objective on TD Ameritrade from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. BidaskClub lowered TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, Morgan Stanley lowered their price objective on TD Ameritrade from $65.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.50.
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TD Ameritrade Company 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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