Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) have been assigned an average rating of “Buy” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $44.47.
A number of equities research analysts recently issued reports on AMTD shares. Credit Suisse Group reaffirmed a “buy” rating and set a $48.00 price target on shares of TD Ameritrade Holding Corporation in a research note on Thursday, April 13th. Instinet reissued a “buy” rating and issued a $49.00 target price (up previously from $48.00) on shares of TD Ameritrade Holding Corporation in a research note on Friday, April 14th. Deutsche Bank AG reduced their target price on shares of TD Ameritrade Holding Corporation from $40.00 to $39.00 and set a “hold” rating on the stock in a research note on Tuesday, April 18th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $46.00 target price (down previously from $48.00) on shares of TD Ameritrade Holding Corporation in a research note on Saturday, April 22nd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $39.00 target price on shares of TD Ameritrade Holding Corporation in a research note on Saturday, April 22nd.
Shares of TD Ameritrade Holding Corporation (AMTD) opened at 43.60 on Monday. TD Ameritrade Holding Corporation has a 52 week low of $30.32 and a 52 week high of $47.41. The company has a 50 day moving average of $44.66 and a 200 day moving average of $41.10. The company has a market cap of $23.02 billion, a PE ratio of 27.25 and a beta of 1.48.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. The company had revenue of $931 million for the quarter, compared to the consensus estimate of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. TD Ameritrade Holding Corporation’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, analysts expect that TD Ameritrade Holding Corporation will post $1.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, July 28th. TD Ameritrade Holding Corporation’s payout ratio is currently 45.00%.
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In related news, Director Joseph H. Moglia sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $40.45, for a total value of $404,500.00. Following the completion of the transaction, the director now directly owns 170,000 shares of the company’s stock, valued at approximately $6,876,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.42% of the company’s stock.
Several large investors have recently modified their holdings of AMTD. Valley National Advisers Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 6.1% in the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock worth $126,000 after buying an additional 188 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of TD Ameritrade Holding Corporation by 37.9% in the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock worth $128,000 after buying an additional 904 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of TD Ameritrade Holding Corporation by 7.3% in the first quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock worth $140,000 after buying an additional 247 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of TD Ameritrade Holding Corporation by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock worth $171,000 after buying an additional 44 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of TD Ameritrade Holding Corporation by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after buying an additional 198 shares during the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.
TD Ameritrade Holding Corporation 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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