TD Ameritrade Holding Corporation (NASDAQ:AMTD) Short Interest Update

TD Ameritrade Holding Corporation (NASDAQ:AMTD) was the recipient of a large decline in short interest in October. As of October 13th, there was short interest totalling 9,191,781 shares, a decline of 19.0% from the September 29th total of 11,353,045 shares. Based on an average daily trading volume, of 2,148,506 shares, the short-interest ratio is currently 4.3 days. Approximately 1.8% of the company’s stock are sold short.

In other TD Ameritrade Holding Corporation news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were purchased at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph H. Moglia sold 15,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the sale, the director now owns 155,000 shares in the company, valued at approximately $6,922,300. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crow Point Partners LLC purchased a new stake in shares of TD Ameritrade Holding Corporation during the 3rd quarter valued at about $102,000. Global X Management Co. LLC increased its holdings in TD Ameritrade Holding Corporation by 37.9% in the 1st quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 904 shares in the last quarter. Federated Investors Inc. PA increased its holdings in TD Ameritrade Holding Corporation by 5.1% in the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 198 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in TD Ameritrade Holding Corporation by 27.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 1,008 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in TD Ameritrade Holding Corporation in the 3rd quarter worth approximately $203,000. 92.53% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, October 18th. BidaskClub cut shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Morgan Stanley upped their price target on shares of TD Ameritrade Holding Corporation from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $46.00 price target on shares of TD Ameritrade Holding Corporation in a research note on Friday, October 6th. Finally, Bank of America Corporation cut shares of TD Ameritrade Holding Corporation from a “buy” rating to a “neutral” rating and upped their price target for the stock from $51.00 to $52.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $50.00.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up $0.48 on Friday, reaching $48.86. 1,221,700 shares of the company’s stock traded hands, compared to its average volume of 2,589,122. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a market cap of $25,551.86, a PE ratio of 27.81, a P/E/G ratio of 1.63 and a beta of 1.57. TD Ameritrade Holding Corporation has a 1-year low of $35.57 and a 1-year high of $51.22.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. TD Ameritrade Holding Corporation had a net margin of 23.72% and a return on equity of 15.91%. The firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $958.57 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. research analysts forecast that TD Ameritrade Holding Corporation will post 2.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 1.72%. This is a positive change from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. TD Ameritrade Holding Corporation’s dividend payout ratio is presently 51.22%.

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TD Ameritrade Holding Corporation 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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