TD Ameritrade Holding Corp. (NASDAQ:AMTD)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group LLC in a report issued on Saturday, April 22nd. They currently have a $39.00 price target on the financial services provider’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 6.50% from the company’s previous close.
Other research analysts have also issued reports about the company. SunTrust Banks, Inc. cut their price objective on TD Ameritrade Holding Corp. to $48.00 in a report on Wednesday, March 1st. Instinet raised TD Ameritrade Holding Corp. from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Friday, January 6th. Nomura raised TD Ameritrade Holding Corp. from a “neutral” rating to a “buy” rating in a report on Thursday, January 5th. Zacks Investment Research raised TD Ameritrade Holding Corp. from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Tuesday, December 27th. Finally, Buckingham Research raised TD Ameritrade Holding Corp. from a “neutral” rating to a “buy” rating in a report on Thursday, April 6th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. TD Ameritrade Holding Corp. currently has a consensus rating of “Buy” and an average target price of $41.83.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded up 0.19% during mid-day trading on Friday, hitting $36.62. 1,598,595 shares of the stock traded hands. The firm has a market cap of $19.34 billion, a P/E ratio of 22.75 and a beta of 1.63. TD Ameritrade Holding Corp. has a 52-week low of $26.37 and a 52-week high of $47.41. The firm’s 50-day moving average is $38.16 and its 200 day moving average is $40.84.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last announced its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $904 million during the quarter, compared to analyst estimates of $882.25 million. TD Ameritrade Holding Corp. had a net margin of 25.09% and a return on equity of 16.21%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. Equities analysts predict that TD Ameritrade Holding Corp. will post $1.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 16th. Stockholders of record on Tuesday, May 2nd were given a $0.18 dividend. The ex-dividend date was Friday, April 28th. This represents a $0.72 annualized dividend and a dividend yield of 1.97%. TD Ameritrade Holding Corp.’s dividend payout ratio (DPR) is presently 45.28%.
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In other news, Director Joseph H. Moglia sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $39.18, for a total value of $783,600.00. Following the transaction, the director now owns 190,000 shares in the company, valued at $7,444,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in AMTD. Ladenburg Thalmann Financial Services Inc. increased its position in TD Ameritrade Holding Corp. by 25.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,411 shares of the financial services provider’s stock valued at $588,000 after buying an additional 2,745 shares during the period. Comerica Bank purchased a new position in TD Ameritrade Holding Corp. during the fourth quarter valued at $691,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in TD Ameritrade Holding Corp. by 1.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 43,213 shares of the financial services provider’s stock valued at $1,523,000 after buying an additional 533 shares during the period. FMR LLC increased its position in TD Ameritrade Holding Corp. by 168.5% in the fourth quarter. FMR LLC now owns 627,200 shares of the financial services provider’s stock valued at $27,345,000 after buying an additional 393,600 shares during the period. Finally, Palestra Capital Management LLC purchased a new position in TD Ameritrade Holding Corp. during the third quarter valued at $42,288,000. Institutional investors and hedge funds own 88.69% of the company’s stock.
About TD Ameritrade Holding Corp.
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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