Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) have been given a consensus rating of “Hold” by the nineteen brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $42.08.
AMTD has been the topic of several recent analyst reports. Wells Fargo & Co dropped their price target on shares of TD Ameritrade from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Keefe, Bruyette & Woods downgraded TD Ameritrade from an “outperform” rating to a “market perform” rating in a report on Sunday, April 19th. Wolfe Research raised TD Ameritrade from an “underperform” rating to a “peer perform” rating and set a $39.00 price objective for the company in a report on Thursday, July 9th. Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Thursday, June 11th. Finally, BidaskClub downgraded TD Ameritrade from a “sell” rating to a “strong sell” rating in a report on Friday, June 26th.
In related news, Director Joseph H. Moglia sold 9,683 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $44.00, for a total transaction of $426,052.00. Following the completion of the sale, the director now directly owns 94,113 shares of the company’s stock, valued at $4,140,972. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in AMTD. Signaturefd LLC lifted its holdings in TD Ameritrade by 259.8% in the first quarter. Signaturefd LLC now owns 716 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 517 shares during the period. Quadrant Capital Group LLC lifted its holdings in TD Ameritrade by 292.5% in the fourth quarter. Quadrant Capital Group LLC now owns 683 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 509 shares during the period. FNY Investment Advisers LLC lifted its holdings in TD Ameritrade by 101.3% in the second quarter. FNY Investment Advisers LLC now owns 1,208 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 608 shares during the period. Parallel Advisors LLC lifted its holdings in TD Ameritrade by 145.6% in the first quarter. Parallel Advisors LLC now owns 1,471 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 872 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in TD Ameritrade by 134.0% in the first quarter. Fifth Third Bancorp now owns 1,968 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 1,127 shares during the period. 87.44% of the stock is owned by institutional investors.
Shares of TD Ameritrade stock opened at $35.89 on Tuesday. The firm has a market capitalization of $19.41 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.33 and a beta of 1.21. TD Ameritrade has a 52 week low of $27.70 and a 52 week high of $53.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $37.34 and its two-hundred day moving average is $39.74.
TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.24. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.41 billion. TD Ameritrade had a net margin of 32.88% and a return on equity of 22.51%. As a group, research analysts expect that TD Ameritrade will post 3.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, August 6th. TD Ameritrade’s dividend payout ratio is presently 30.02%.
About TD Ameritrade
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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