Bowling Portfolio Management LLC Invests $1.40 Million in TD Ameritrade Holding Corp. (AMTD) Stock
Bowling Portfolio Management LLC purchased a new position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,938 shares of the financial services provider’s stock, valued at approximately $1,397,000.
A number of other institutional investors have also recently made changes to their positions in the business. Liberty Wealth Management LLC bought a new stake in shares of TD Ameritrade during the 1st quarter valued at about $33,000. Gulf International Bank UK Ltd boosted its stake in shares of TD Ameritrade by 0.6% during the 1st quarter. Gulf International Bank UK Ltd now owns 62,741 shares of the financial services provider’s stock valued at $3,136,000 after purchasing an additional 400 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of TD Ameritrade by 5.8% during the 1st quarter. IFM Investors Pty Ltd now owns 18,188 shares of the financial services provider’s stock valued at $909,000 after purchasing an additional 995 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of TD Ameritrade by 32.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 63,749 shares of the financial services provider’s stock valued at $3,187,000 after purchasing an additional 15,739 shares in the last quarter. Finally, Northpointe Capital LLC boosted its stake in shares of TD Ameritrade by 7.8% during the 1st quarter. Northpointe Capital LLC now owns 70,685 shares of the financial services provider’s stock valued at $3,534,000 after purchasing an additional 5,104 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Thomas A. Nally sold 25,000 shares of TD Ameritrade stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $56.10, for a total transaction of $1,402,500.00. Following the completion of the transaction, the executive vice president now directly owns 157,780 shares of the company’s stock, valued at approximately $8,851,458. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.44% of the company’s stock.
Shares of NASDAQ AMTD opened at $53.53 on Friday. TD Ameritrade Holding Corp. has a 1 year low of $45.70 and a 1 year high of $62.99. The stock has a market cap of $30.04 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 0.79 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.18 and a quick ratio of 1.18.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. TD Ameritrade had a net margin of 31.17% and a return on equity of 25.99%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $0.80 EPS. TD Ameritrade’s revenue was up 20.6% on a year-over-year basis. As a group, research analysts forecast that TD Ameritrade Holding Corp. will post 4.07 earnings per share for the current fiscal 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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