|Bid||42.25 x 800|
|Ask||46.00 x 1800|
|Day's Range||42.72 - 43.99|
|52 Week Range||42.72 - 59.42|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||11.41|
|Forward Dividend & Yield||1.20 (2.74%)|
|1y Target Est||N/A|
As college expenses continue to rise1 and student debt is reaching record highs,2 a new survey conducted by The Harris Poll for TD Ameritrade reveals that the modern college experience is undergoing major shifts for both young Americans and their parents. Student debt is becoming more prevalent, as nine in 10 (94%) young millennials incurred some debt through their college education – up 36% from when it was measured in a 2017 survey conducted for TD Ameritrade, with the average student debt tripling from $10,205 to $31,370.
According to a new survey conducted by The Harris Poll on behalf of TD Ameritrade, Americans would rather discuss politics, health issues and religion over money and personal finances while more than a third (37%) wish they could discuss their finances more freely. “In many American households, money isn’t something you talk about,” said Wende Rhodes, vice president of Branches at TD Ameritrade. A third of Americans (34%) feel that it’s not polite to discuss finances in social settings, and the fear of being perceived as a failure is the number one reason millennials don’t openly discuss the topic.
New FA Insight benchmarking research from TD Ameritrade Institutional1 finds the leadership of registered investment advisor firms (RIAs) is getting younger – passing the torch from the Baby Boomer to Gen X – and investing to sustain their firms’ strong performance well into the future. With a median age of 49 years – three years younger than in 2015 -- six out of 10 firms have at least one owner who expects to stay at the helm for at least another 12 years, according to The 2019 FA Insight Study of Advisory Firms: People and Pay. “As the next generation of RIA leaders comes to the forefront, they’re investing in their firms with a long time horizon,” said Vanessa Oligino, Director of Business Performance Solutions at TD Ameritrade Institutional.
The TD Ameritrade Network1 today announced a new program to its lineup of streaming financial news and education content. “Weekend Trader” will air each Friday afternoon from 5:00 to 5:30 p.m. EST and stay accessible to traders throughout the weekend via on-demand video and TD Ameritrade Network social channels. The 30-minute segment covers essential market news from the past week and what investors can expect for the week ahead.
Ten-Year, $5M Commitment Aims to Help Develop the Next Generation of RIAs and Strengthen University Financial Planning Programs
Company Conference Call Moved to Monday at 5:00 p.m. EDT GAAP Diluted EPS $1.00; Non-GAAP Diluted EPS $1.04 Net New Client Assets of $19.5B Average Client Trades per Day
In discussing the best path forward for TD Ameritrade Holding Corporation (AMTD) – its clients, Associates and shareholders – the company’s board of directors and President and Chief Executive Officer Tim Hockey have made the decision that he will leave the company upon the appointment of a new leader to guide its next phase of growth. On behalf of the board, Chairman Joe Moglia said: “We are grateful to Tim for his leadership and the contributions he made to the company over his tenure as CEO. “The time I’ve spent working alongside my fellow Associates at TD Ameritrade has been one of the highlights of my career,” Hockey said.
TD Ameritrade1 has launched a suite of in-vehicle experiences through your smartphone, giving investors one more way to stay up to date with the markets anytime. TD Ameritrade is delivering on its commitment to transform lives and investing for the better by integrating with Apple CarPlay, Android Auto, and Echo Auto. This announcement marks the latest in TD Ameritrade’s ongoing efforts to bring market access and information to investors in even more places.
Just how hot is mergers & acquisitions activity among registered investment advisors? Advisory firms announced 69 mergers and acquisitions in the first six months of 2019, up 82 percent from the same time period in 2018, making this the most active six months since FA Insight commenced tracking advisory firm M&A activity in 2000. After advisory firms announced a record high of 33 deal announcements in the quarter ended March 31, they reached an all-time high of 36 in the quarter ended June 30.
More than half of young Americans (58% of Gen Zs and 52% of young millennials) expect to be more financially successful than their parents, according to a new survey conducted by The Harris Poll on behalf of TD Ameritrade. “In today’s socio-economic climate where years of stagnant wages1 meet ‘hustle culture,’2 it’s easy to understand why some young Americans feel they’re falling short of achieving their high financial ambitions,” said Chris Bohlsen, director of Investor Services at TD Ameritrade. “But as the concept of ‘adulting’ continues to evolve, so should young Americans’ thoughts and attitudes toward their financial expectations and milestones.
TD Ameritrade Holding Corporation will hold its fiscal third quarter 2019 earnings conference call to take questions from analysts on Tuesday, July 23, 2019 at 8:30 a.m.
The independent registered investment advisor (RIA) channel is as attractive as ever to brokers seeking greater control over their careers and their ability to serve their clients, not to mention a higher standard of living for themselves, according to a recent survey conducted for TD Ameritrade Institutional1. According to the 2019 Breakaway to Independence survey, 44 percent of potential breakaway brokers – those at national and regional firms or independent broker-dealers who are considering a move to independence within three years -- say will make their move within the next year. According to Discovery Data2, the independent RIA continues to attract more breakaways than any other in 2018, with a net gain of 3,184 advisors, compared to wirehouses, which had a net loss of 1,247 representatives.
TD Ameritrade Holding Corporation (AMTD) has expanded its community giving platform, further empowering its employees to support the charities of their choice. Through the new Dollars for Doers Volunteer Grant program, the firm will award monetary grants to eligible nonprofits where employees have volunteered their time. TD Ameritrade employees can support charitable organizations through the Company’s existing Matching Gifts and Volunteer Time Off programs.
Since its founding in 1975, TD Ameritrade has built a reputation as an innovative, forward-thinking company that is using technology to change lives and investing for the better. By becoming an active participant in the open source community, TD Ameritrade builds on this legacy, encouraging outside contribution from developers to foster new and innovative uses for this technology that has helped the company maintain its leadership position. “I am thrilled that TD Ameritrade has made its first contribution to the open source community,” said Vijay Sankaran, chief information officer, TD Ameritrade.
As student debt1 and housing prices continue to rise2, more and more young adults are looking to save money by living with their parents longer. Luckily for them, according to a new survey conducted by The Harris Poll on behalf of TD Ameritrade, both young adults and parents agree that living with one’s parents doesn’t become embarrassing until age 28, on average. “Shouldering more than $1.5 trillion in U.S. student loan debt1, it’s no surprise that young adults are looking for ways to save money as they focus on building a career foundation,” said Christine Russell, senior manager of retirement and annuities at TD Ameritrade.
If you’ve ever wondered how some registered investment advisor (RIA) firms outperform their peers as they amass new clients and assets, it boils down to this: they are investing in people, technology and acquisitions to generate growth and sustain that growth for years to come. TD Ameritrade Institutional1 set out to explore whether there were best practices and characteristics correlated with the largest, highest-performing firms. Among other things, the top-tier firms are more active acquirers: according to a TD Ameritrade Institutional analysis of data gathered for the annual FA Insight Study of Advisory Firms, 80 percent of large, standout advisory firms have initiated an acquisition in the past five years, compared with 47 percent of other large firms.2 Many of these acquirers, meanwhile, completed more than one deal during this period.
Investing for retirement has never been more critical, but some current policies create roadblocks for investors, small businesses, and the independent registered investment advisors (RIAs) who guide them. As Congress considers legislation to help address the nation’s retirement savings crisis, TD Ameritrade Institutional1 reiterates its support for proposals that help investors plan and save for their long-term financial goals. Skip Schweiss, Managing Director of Advisor Advocacy and Industry Affairs for TD Ameritrade Institutional, is meeting with members of Congress and their staffs in Washington this week and next to raise awareness on a range of issues impacting investors and independent RIAs.
With hopes that their children will earn college athletic scholarships or even make it to the professional leagues, many parents are spending a significant portion of their income and time on youth sports. According to a new survey conducted by The Harris Poll on behalf of TD Ameritrade, youth sports expenses impact three in four (74%) American sports parents’ ability to save and invest for retirement.