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TD Ameritrade Holding
(NasdaqNM: AMTD)
USA
Sure, healthier financial markets are a boon for online brokerage, TD Ameritrade Holding, the No. 3 player behind Charles Schwab and Fidelity Investments. But the real secret to the Omaha firm's success in recent years has been Chief Executive Officer Joseph Moglia's aggressive acquisition strategy. Since coming on board in 2001, the New York native has made eight deals— capping it off in 2006, when Ameritrade clossed its $1.7 billion purchase of rival TD Waterhouse to form TD Ameritrade. With that deal, revenues have grown more than 50% over the past 12 months, to $1.5 billion. Shareholder sentiment has been mixed, however. The stock was up nearly 69% last year. But with investors skittish about global markets, shares of TD Ameritrade are off 13% so far this year.
Company Info |
|
| 2005 Rank | Not Ranked |
| Sales* ($ Millions) | 1,500.1 |
| Sales Growth (over prev. year) |
53 % |
| Profits* ($ Millions) | 436.8 |
| Return on Equity | 30.2 % |
| Total Return on Sales (12-mo.) | 48.3 |
| Share Price As of 5/31/06 | 17.00 |
| CURRENT MARKET INFO | NasdaqNM: AMTD |
| No. of Employees | 4,230 |
| Industry | Internet Companies |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Ameritrade Holding, through its wholly owned subsidiaries, provides securities brokerage services and technology-based financial services to retail investors, traders, financial planners, institutions, and business partners in the U.S. and Canada. It offers common and preferred stock, exchange traded funds, option trades, mutual funds, and treasury, corporate, government, and municipal bonds, as well as online advisory services. The company also provides trading execution and clearing services. Ameritrade offers its products and services through Internet, wireless telephone or personal digital assistant, interactive voice response, and registered representatives. The company was founded by J. Joe Ricketts in 1971 and is headquartered in Omaha.
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