BidaskClub cut shares of TD Ameritrade (NASDAQ:AMTD) from a strong-buy rating to a buy rating in a research note issued to investors on Friday, January 26th.
Other research analysts have also issued research reports about the company. SunTrust Banks reiterated a buy rating on shares of TD Ameritrade in a report on Wednesday, October 25th. Zacks Investment Research upgraded TD Ameritrade from a hold rating to a buy rating and set a $54.00 price target on the stock in a report on Wednesday, October 18th. Deutsche Bank upgraded TD Ameritrade from a hold rating to a buy rating and lifted their price target for the stock from $53.00 to $55.00 in a report on Monday, November 13th. Sandler O’Neill reiterated a buy rating and set a $63.00 price target on shares of TD Ameritrade in a report on Tuesday, January 23rd. Finally, Nomura lifted their price target on TD Ameritrade from $63.00 to $67.00 and gave the stock a buy rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $57.29.
Shares of TD Ameritrade (AMTD) opened at $55.43 on Friday. TD Ameritrade has a one year low of $36.12 and a one year high of $58.83. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock has a market cap of $31,440.00, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 0.91 and a beta of 1.50.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $1.20 billion. sell-side analysts forecast that TD Ameritrade will post 3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th will be issued a $0.21 dividend. The ex-dividend date is Monday, February 5th. This represents a $0.84 annualized dividend and a yield of 1.52%. TD Ameritrade’s dividend payout ratio (DPR) is currently 47.73%.
In other TD Ameritrade news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $55.28, for a total value of $552,800.00. Following the completion of the transaction, the director now directly owns 145,000 shares of the company’s stock, valued at approximately $8,015,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. Nally sold 17,243 shares of TD Ameritrade stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total value of $967,849.59. Following the completion of the transaction, the executive vice president now directly owns 160,079 shares of the company’s stock, valued at $8,985,234.27. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its position in TD Ameritrade by 5.0% in the 3rd quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock valued at $11,419,426,000 after acquiring an additional 11,082,105 shares in the last quarter. Janus Henderson Group PLC grew its position in TD Ameritrade by 2.3% in the 3rd quarter. Janus Henderson Group PLC now owns 20,878,793 shares of the financial services provider’s stock valued at $1,018,884,000 after acquiring an additional 473,846 shares in the last quarter. BlackRock Inc. grew its position in TD Ameritrade by 4.2% in the 4th quarter. BlackRock Inc. now owns 14,003,570 shares of the financial services provider’s stock valued at $715,999,000 after acquiring an additional 570,868 shares in the last quarter. Vanguard Group Inc. grew its position in TD Ameritrade by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 13,265,664 shares of the financial services provider’s stock valued at $570,291,000 after acquiring an additional 408,837 shares in the last quarter. Finally, State Street Corp grew its position in TD Ameritrade by 0.5% in the 2nd quarter. State Street Corp now owns 4,752,164 shares of the financial services provider’s stock valued at $204,291,000 after acquiring an additional 23,599 shares in the last quarter. 88.39% of the stock is owned by institutional investors.
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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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