RWC Asset Management LLP Has $31.07 Million Stake in TD Ameritrade Holding Corp. (AMTD)
RWC Asset Management LLP grew its holdings in shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 48.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 636,693 shares of the financial services provider’s stock after acquiring an additional 209,212 shares during the period. TD Ameritrade comprises 1.9% of RWC Asset Management LLP’s holdings, making the stock its 13th largest holding. RWC Asset Management LLP owned about 0.12% of TD Ameritrade worth $31,071,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in TD Ameritrade by 10.5% during the second quarter. Public Employees Retirement System of Ohio now owns 113,288 shares of the financial services provider’s stock worth $4,870,000 after buying an additional 10,781 shares during the last quarter. Delta Lloyd Asset Management N.V. bought a new position in TD Ameritrade during the second quarter worth $1,459,000. BT Investment Management Ltd raised its stake in TD Ameritrade by 4.2% during the third quarter. BT Investment Management Ltd now owns 3,591,397 shares of the financial services provider’s stock worth $175,260,000 after buying an additional 143,923 shares during the last quarter. Toronto Dominion Bank raised its stake in TD Ameritrade by 5.0% during the third quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after buying an additional 11,082,105 shares during the last quarter. Finally, Personal Capital Advisors Corp raised its stake in TD Ameritrade by 0.7% during the third quarter. Personal Capital Advisors Corp now owns 806,815 shares of the financial services provider’s stock worth $39,373,000 after buying an additional 5,783 shares during the last quarter. 88.74% of the stock is owned by hedge funds and other institutional investors.
AMTD has been the subject of a number of analyst reports. BidaskClub raised shares of TD Ameritrade from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Zacks Investment Research upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Friday, September 1st. SunTrust Banks restated a “buy” rating on shares of TD Ameritrade in a report on Wednesday, October 25th. Deutsche Bank upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and raised their price target for the stock from $53.00 to $55.00 in a report on Monday, November 13th. Finally, Morgan Stanley raised their price target on shares of TD Ameritrade from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $49.93.
In other TD Ameritrade news, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of TD Ameritrade stock in a transaction dated Monday, September 18th. The stock was purchased at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph H. Moglia sold 15,000 shares of TD Ameritrade stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the transaction, the director now owns 155,000 shares of the company’s stock, valued at $6,922,300. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.
Shares of TD Ameritrade Holding Corp. (NASDAQ AMTD) opened at $52.69 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The company has a market cap of $29,526.20, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 1.73 and a beta of 1.57. TD Ameritrade Holding Corp. has a twelve month low of $36.12 and a twelve month high of $54.24.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $958.57 million. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The business’s revenue was up 18.6% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. equities analysts predict that TD Ameritrade Holding Corp. will post 2.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.21 per share. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, November 6th. TD Ameritrade’s dividend payout ratio (DPR) is currently 51.22%.
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TD Ameritrade 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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