Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) have earned a consensus recommendation of “Buy” from the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $57.29.
Several research firms recently commented on AMTD. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 3rd. Morgan Stanley upped their target price on shares of TD Ameritrade from $56.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Nomura upped their target price on shares of TD Ameritrade from $63.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Barclays increased their price objective on shares of TD Ameritrade from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, SunTrust Banks increased their price objective on shares of TD Ameritrade to $72.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th.
In other news, Director Joseph H. Moglia sold 10,000 shares of the company’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 sale, the director now owns 145,000 shares of the company’s stock, valued at approximately $8,015,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas A. Nally sold 17,243 shares of the company’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 directly owns 160,079 shares in the company, valued at approximately $8,985,234.27. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of AMTD. Crow Point Partners LLC bought a new stake in shares of TD Ameritrade in the 3rd quarter worth about $102,000. Cerebellum GP LLC bought a new stake in TD Ameritrade during the 4th quarter worth about $126,000. Global Trust Asset Management LLC bought a new stake in TD Ameritrade during the 4th quarter worth about $179,000. Gamco Investors INC. ET AL bought a new stake in TD Ameritrade during the 3rd quarter worth about $203,000. Finally, Pitcairn Co. bought a new stake in TD Ameritrade during the 4th quarter worth about $204,000. 88.39% of the stock is currently owned by institutional investors and hedge funds.
TD Ameritrade (AMTD) traded up $1.07 during trading hours on Friday, reaching $56.45. 2,510,000 shares of the company traded hands, compared to its average volume of 3,830,000. The firm has a market cap of $32,020.00, a PE ratio of 32.07, a P/E/G ratio of 0.92 and a beta of 1.50. TD Ameritrade has a 1 year low of $36.12 and a 1 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.
TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.29. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. research analysts forecast that TD Ameritrade will post 3 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, February 5th. TD Ameritrade’s payout ratio is 47.73%.
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TD Ameritrade Company Profile
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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