TD Ameritrade Holding Corp. (NASDAQ:AMTD) Sees Large Increase in Short Interest

TD Ameritrade Holding Corp. (NASDAQ:AMTD) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 8,380,100 shares, a growth of 11.4% from the June 30th total of 7,521,100 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 2,590,000 shares, the short-interest ratio is currently 3.2 days.

Institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of TD Ameritrade by 1.4% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 17,721 shares of the financial services provider’s stock worth $885,000 after buying an additional 247 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of TD Ameritrade by 1.3% during the 2nd quarter. CIBC Asset Management Inc now owns 28,929 shares of the financial services provider’s stock worth $1,444,000 after buying an additional 368 shares in the last quarter. Gulf International Bank UK Ltd raised 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 worth $3,136,000 after buying an additional 400 shares in the last quarter. BB&T Securities LLC raised its stake in shares of TD Ameritrade by 7.5% during the 2nd quarter. BB&T Securities LLC now owns 6,307 shares of the financial services provider’s stock worth $314,000 after buying an additional 439 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in shares of TD Ameritrade by 10.6% during the 1st quarter. Bridges Investment Management Inc. now owns 4,700 shares of the financial services provider’s stock worth $235,000 after buying an additional 450 shares in the last quarter. 92.52% of the stock is owned by hedge funds and other institutional investors.

AMTD has been the subject of several research reports. BidaskClub downgraded TD Ameritrade from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Morgan Stanley boosted their target price on TD Ameritrade from $53.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. ValuEngine downgraded TD Ameritrade from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Barclays reduced their target price on TD Ameritrade from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. Finally, UBS Group reduced their target price on TD Ameritrade from $65.00 to $56.00 and set a “buy” rating for the company in a report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $56.64.

AMTD opened at $43.10 on Friday. The business has a 50 day moving average price of $49.58 and a two-hundred day moving average price of $52.22. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. The company has a market cap of $23.64 billion, a PE ratio of 12.90, a P/E/G ratio of 0.98 and a beta of 1.16. TD Ameritrade has a 52 week low of $42.93 and a 52 week high of $60.22.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, July 22nd. The financial services provider reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.07. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.47 billion. TD Ameritrade had a return on equity of 27.13% and a net margin of 36.07%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. As a group, sell-side analysts expect that TD Ameritrade will post 4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, August 5th. TD Ameritrade’s dividend payout ratio is presently 35.93%.

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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