Profund Advisors LLC cut its holdings in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,801 shares of the financial services provider’s stock after selling 12,025 shares during the quarter. Profund Advisors LLC’s holdings in TD Ameritrade were worth $3,022,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in TD Ameritrade by 292.5% in the fourth quarter. Quadrant Capital Group LLC now owns 683 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 509 shares during the last quarter. Fieldpoint Private Securities LLC boosted its position in shares of TD Ameritrade by 1,938.2% during the fourth quarter. Fieldpoint Private Securities LLC now owns 693 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 659 shares in the last quarter. CWM LLC boosted its position in shares of TD Ameritrade by 1,264.4% during the fourth quarter. CWM LLC now owns 805 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 746 shares in the last quarter. IFP Advisors Inc boosted its position in shares of TD Ameritrade by 22.1% during the fourth quarter. IFP Advisors Inc now owns 1,138 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 206 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of TD Ameritrade by 50.9% during the fourth quarter. Allworth Financial LP now owns 1,482 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 500 shares in the last quarter. 88.25% of the stock is currently owned by hedge funds and other institutional investors.
AMTD stock traded down $0.18 during midday trading on Thursday, hitting $35.04. The company’s stock had a trading volume of 5,342,730 shares, compared to its average volume of 5,361,655. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. TD Ameritrade Holding Corp. has a twelve month low of $27.70 and a twelve month high of $54.57. The company’s fifty day moving average price is $41.28 and its 200 day moving average price is $44.64. The stock has a market capitalization of $16.99 billion, a P/E ratio of 9.76, a PEG ratio of 0.77 and a beta of 1.23.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03). TD Ameritrade had a net margin of 34.26% and a return on equity of 24.24%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. Equities analysts expect that TD Ameritrade Holding Corp. will post 2.97 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of TD Ameritrade from a “strong sell” rating to a “sell” rating in a research report on Friday, March 20th. Citigroup raised shares of TD Ameritrade from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $43.00 to $40.00 in a research report on Wednesday. ValuEngine cut shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Wolfe Research raised shares of TD Ameritrade from a “peer perform” rating to an “outperform” rating in a research report on Monday, January 6th. Finally, Deutsche Bank reduced their price target on shares of TD Ameritrade from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.90.
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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