Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) gapped down before the market opened on Wednesday . The stock had previously closed at $63.11, but opened at $61.73. TD Ameritrade shares last traded at $61.02, with a volume of 4757551 shares trading hands.
Several research firms have issued reports on AMTD. Deutsche Bank upped their price target on shares of TD Ameritrade from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, March 6th. Keefe, Bruyette & Woods upgraded shares of TD Ameritrade from a “market perform” rating to an “outperform” rating and set a $66.50 price target for the company in a research report on Tuesday, March 6th. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 6th. Goldman Sachs Group restated a “neutral” rating and set a $67.00 price target (up from $62.00) on shares of TD Ameritrade in a research report on Friday, February 23rd. Finally, Morgan Stanley upped their price target on shares of TD Ameritrade from $56.00 to $61.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. TD Ameritrade has an average rating of “Buy” and an average price target of $60.97.
The company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.10. The company has a market capitalization of $34,620.00, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.41.
TD Ameritrade (NASDAQ:AMTD) last posted its earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.29. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.20 billion. equities research analysts predict that TD Ameritrade Holding Corp. will post 3.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were issued a $0.21 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.84 annualized dividend and a yield of 1.38%. TD Ameritrade’s dividend payout ratio (DPR) is presently 51.85%.
In other TD Ameritrade news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $55.28, for a total value of $552,800.00. Following the completion of the sale, the director now directly owns 145,000 shares in the company, valued at $8,015,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. Nally sold 17,243 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total transaction of $967,849.59. Following the completion of the sale, the executive vice president now owns 160,079 shares of the company’s stock, valued at $8,985,234.27. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC lifted its holdings in TD Ameritrade by 2.3% in the third quarter. Janus Henderson Group PLC now owns 20,878,793 shares of the financial services provider’s stock worth $1,018,884,000 after buying an additional 473,846 shares during the period. BlackRock Inc. lifted its holdings in TD Ameritrade by 4.2% in the fourth quarter. BlackRock Inc. now owns 14,003,570 shares of the financial services provider’s stock worth $715,999,000 after buying an additional 570,868 shares during the period. Boston Partners lifted its holdings in TD Ameritrade by 41.6% in the fourth quarter. Boston Partners now owns 4,156,751 shares of the financial services provider’s stock worth $212,535,000 after buying an additional 1,221,924 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in TD Ameritrade by 7.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,103,000 shares of the financial services provider’s stock worth $201,069,000 after buying an additional 267,600 shares during the period. Finally, First Trust Advisors LP lifted its holdings in TD Ameritrade by 10.0% in the fourth quarter. First Trust Advisors LP now owns 3,192,111 shares of the financial services provider’s stock worth $163,213,000 after buying an additional 290,088 shares during the period. Institutional investors and hedge funds own 92.03% of the company’s stock.
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About TD Ameritrade
TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.
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