TD Ameritrade Holding Corp. (NASDAQ:AMTD) had its price objective trimmed by Nomura from $50.00 to $49.00 in a research report sent to investors on Thursday, July 13th. The firm currently has a buy rating on the financial services provider’s stock.
Other equities analysts have also recently issued research reports about the stock. SunTrust Banks, Inc. reissued a buy rating and set a $46.00 target price (down previously from $48.00) on shares of TD Ameritrade Holding Corp. in a research report on Saturday, April 22nd. Credit Suisse Group reissued a buy rating and set a $48.00 target price on shares of TD Ameritrade Holding Corp. in a research report on Thursday, April 13th. Jefferies Group LLC lifted their target price on shares of TD Ameritrade Holding Corp. from $40.00 to $48.00 and gave the stock a hold rating in a research report on Monday, June 19th. Zacks Investment Research raised shares of TD Ameritrade Holding Corp. from a sell rating to a hold rating in a research report on Tuesday, May 2nd. Finally, Rosenblatt Securities assumed coverage on shares of TD Ameritrade Holding Corp. in a research report on Thursday, July 13th. They set a buy rating and a $50.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $44.47.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded up 0.50% during mid-day trading on Thursday, reaching $43.82. The company had a trading volume of 1,330,402 shares. The company has a market capitalization of $23.14 billion, a P/E ratio of 27.39 and a beta of 1.48. TD Ameritrade Holding Corp. has a one year low of $30.32 and a one year high of $47.41. The stock has a 50 day moving average price of $44.66 and a 200 day moving average price of $41.10.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corp. had a net margin of 24.81% and a return on equity of 17.18%. The firm had revenue of $931 million for the quarter, compared to analysts’ expectations of $897.98 million. During the same quarter last year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts expect that TD Ameritrade Holding Corp. will post $1.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.18 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.72 dividend on an annualized basis and a yield of 1.64%. TD Ameritrade Holding Corp.’s dividend payout ratio is 45.00%.
In related news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade Holding Corp. 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 in the company, valued at approximately $6,876,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% 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 stock. BlackRock Inc. raised its position in TD Ameritrade Holding Corp. by 1,374.1% in the first quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after buying an additional 12,615,921 shares during the period. FMR LLC raised its position in TD Ameritrade Holding Corp. by 103.8% in the second quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock worth $450,351,000 after buying an additional 5,336,529 shares during the period. Wellington Management Group LLP raised its position in TD Ameritrade Holding Corp. by 131.9% in the first quarter. Wellington Management Group LLP now owns 7,936,910 shares of the financial services provider’s stock worth $308,428,000 after buying an additional 4,514,083 shares during the period. BT Investment Management Ltd purchased a new position in TD Ameritrade Holding Corp. during the second quarter worth approximately $148,207,000. Finally, Janus Capital Management LLC raised its position in TD Ameritrade Holding Corp. by 14.6% in the first quarter. Janus Capital Management LLC now owns 20,330,486 shares of the financial services provider’s stock worth $790,037,000 after buying an additional 2,582,698 shares during the period. Institutional investors and hedge funds own 90.94% 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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