TD Ameritrade Holding Corp. (AMTD) Stake Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 46.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,704,467 shares of the financial services provider’s stock after purchasing an additional 1,496,455 shares during the quarter. JPMorgan Chase & Co.’s holdings in TD Ameritrade were worth $235,175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AMTD. Liberty Wealth Management LLC acquired a new position in shares of TD Ameritrade during the first quarter valued at about $33,000. Parallel Advisors LLC increased its holdings in TD Ameritrade by 37.6% in the 4th quarter. Parallel Advisors LLC now owns 824 shares of the financial services provider’s stock worth $40,000 after buying an additional 225 shares during the period. Enlightenment Research LLC acquired a new position in TD Ameritrade in the 4th quarter worth approximately $78,000. Pearl River Capital LLC acquired a new position in TD Ameritrade in the 4th quarter worth approximately $95,000. Finally, Lenox Wealth Management Inc. acquired a new position in TD Ameritrade in the 1st quarter worth approximately $102,000. 92.94% of the stock is owned by hedge funds and other institutional investors.

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.

Several brokerages recently weighed in on AMTD. Barclays reiterated a “buy” rating on shares of TD Ameritrade in a report on Friday, January 25th. Zacks Investment Research upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Wednesday, March 13th. ValuEngine downgraded shares of TD Ameritrade from a “hold” rating to a “sell” rating in a report on Monday, March 25th. BidaskClub upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Finally, Morgan Stanley set a $64.00 price target on shares of TD Ameritrade and gave the stock a “buy” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $62.50.

Shares of NASDAQ:AMTD opened at $52.52 on Wednesday. TD Ameritrade Holding Corp. has a 1 year low of $45.70 and a 1 year high of $62.99. The company has a market cap of $29.16 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 0.80 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.17 and a current ratio of 1.17.

TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. TD Ameritrade had a return on equity of 26.73% and a net margin of 34.94%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm posted $0.73 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts expect that TD Ameritrade Holding Corp. will post 4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th were given a dividend of $0.30 per share. The ex-dividend date was Monday, May 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. TD Ameritrade’s dividend payout ratio (DPR) is 35.93%.

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About TD Ameritrade

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

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