Marshall Wace LLP boosted its position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 3,232.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,822 shares of the financial services provider’s stock after purchasing an additional 26,987 shares during the period. Marshall Wace LLP’s holdings in TD Ameritrade were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in TD Ameritrade in the fourth quarter worth approximately $158,098,000. JPMorgan Chase & Co. raised its stake in TD Ameritrade by 46.6% in the first quarter. JPMorgan Chase & Co. now owns 4,704,467 shares of the financial services provider’s stock worth $235,175,000 after buying an additional 1,496,455 shares in the last quarter. BlackRock Inc. raised its stake in TD Ameritrade by 7.2% in the first quarter. BlackRock Inc. now owns 15,155,722 shares of the financial services provider’s stock worth $757,634,000 after buying an additional 1,012,753 shares in the last quarter. First Trust Advisors LP grew its holdings in TD Ameritrade by 24.7% in the first quarter. First Trust Advisors LP now owns 4,634,288 shares of the financial services provider’s stock worth $231,668,000 after purchasing an additional 917,454 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in TD Ameritrade by 2,191.2% in the first quarter. Envestnet Asset Management Inc. now owns 527,398 shares of the financial services provider’s stock worth $26,365,000 after purchasing an additional 504,380 shares during the last quarter. 92.01% of the stock is owned by institutional investors and hedge funds.
AMTD has been the topic of several analyst reports. Bank of America set a $180.00 price target on shares of CME Group and gave the stock a “hold” rating in a report on Tuesday, April 9th. Compass Point set a $52.00 price objective on shares of E*TRADE Financial and gave the company a “buy” rating in a report on Tuesday, July 2nd. Wolfe Research raised shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 27th. UBS Group reissued a “sell” rating on shares of in a report on Monday, June 24th. Finally, Barclays set a $325.00 price target on shares of Align Technology and gave the company a “buy” rating in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. TD Ameritrade currently has an average rating of “Hold” and a consensus price target of $58.86.
TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. TD Ameritrade had a net margin of 34.94% and a return on equity of 26.73%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. On average, equities research analysts predict that TD Ameritrade Holding Corp. will post 3.97 EPS for the current year.
TD Ameritrade 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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