TD Ameritrade Holding Corp. (NASDAQ:AMTD) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03), Briefing.com reports. TD Ameritrade had a return on equity of 27.18% and a net margin of 36.72%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm posted $1.11 earnings per share. TD Ameritrade’s revenue was down 14.8% compared to the same quarter last year.
Shares of AMTD opened at $50.75 on Wednesday. The company has a market capitalization of $27.37 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.50 and a beta of 1.29. TD Ameritrade Holding Corp. has a fifty-two week low of $32.69 and a fifty-two week high of $57.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50-day moving average is $50.61 and its 200-day moving average is $46.17.
In other TD Ameritrade news, EVP Ellen L. S. Koplow sold 17,241 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $52.01, for a total transaction of $896,704.41. Following the completion of the sale, the executive vice president now owns 104,862 shares of the company’s stock, valued at $5,453,872.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven M. Quirk sold 24,043 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $53.46, for a total value of $1,285,338.78. Following the transaction, the executive vice president now owns 101,120 shares of the company’s stock, valued at $5,405,875.20. The disclosure for this sale can be found here. Insiders sold a total of 74,464 shares of company stock worth $3,917,498 in the last quarter. 0.44% of the stock is owned by corporate insiders.
Several equities research analysts have commented on the stock. Barclays upgraded shares of TD Ameritrade from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $33.00 to $53.00 in a research report on Wednesday, November 27th. Wolfe Research upgraded shares of TD Ameritrade from a “peer perform” rating to an “outperform” rating in a research report on Monday, January 6th. Morgan Stanley boosted their price target on shares of TD Ameritrade from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Citigroup upgraded shares of TD Ameritrade from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $31.00 to $53.00 in a research report on Tuesday, November 26th. Finally, Raymond James cut shares of TD Ameritrade from an “outperform” rating to a “market perform” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. TD Ameritrade has an average rating of “Hold” and a consensus price target of $47.70.
TD Ameritrade Company Profile
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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