Brokerages Set TD Ameritrade Holding Corp. (AMTD) Target Price at $65.62
TD Ameritrade Holding Corp. (NASDAQ:AMTD) has been given an average recommendation of “Buy” by the twenty-one research firms that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $65.62.
A number of equities research analysts have issued reports on the company. Bank of America set a $67.00 price target on TD Ameritrade and gave the company a “buy” rating in a research report on Wednesday, July 25th. ValuEngine raised TD Ameritrade from a “hold” rating to a “buy” rating in a research report on Wednesday, June 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $68.50 price target on shares of TD Ameritrade in a research report on Tuesday, July 24th. BidaskClub lowered TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Barclays increased their price target on TD Ameritrade from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, July 25th.
AMTD traded down $0.02 during mid-day trading on Tuesday, hitting $58.55. 2,236,100 shares of the stock were exchanged, compared to its average volume of 2,652,500. TD Ameritrade has a 1-year low of $42.23 and a 1-year high of $63.01. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The firm has a market cap of $33.25 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 0.63 and a beta of 1.30.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 7th were issued a $0.21 dividend. The ex-dividend date was Monday, August 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.43%. TD Ameritrade’s payout ratio is currently 45.65%.
In other TD Ameritrade news, EVP Peter J. Desilva acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were acquired at an average price of $56.73 per share, for a total transaction of $283,650.00. Following the acquisition, the executive vice president now owns 24,000 shares in the company, valued at approximately $1,361,520. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph H. Moglia sold 10,000 shares of the stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the transaction, the director now owns 125,000 shares in the company, valued at approximately $7,500,000. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in shares of TD Ameritrade by 4.0% in the 2nd quarter. Janus Henderson Group PLC now owns 21,835,182 shares of the financial services provider’s stock valued at $1,195,913,000 after acquiring an additional 848,903 shares during the last quarter. FMR LLC increased its holdings in shares of TD Ameritrade by 13.7% in the 2nd quarter. FMR LLC now owns 17,201,763 shares of the financial services provider’s stock valued at $942,141,000 after acquiring an additional 2,071,893 shares during the last quarter. BlackRock Inc. increased its holdings in shares of TD Ameritrade by 13.0% in the 1st quarter. BlackRock Inc. now owns 15,826,734 shares of the financial services provider’s stock valued at $937,416,000 after acquiring an additional 1,823,164 shares during the last quarter. Baillie Gifford & Co. grew its stake in TD Ameritrade by 1.6% during the 1st quarter. Baillie Gifford & Co. now owns 9,133,945 shares of the financial services provider’s stock worth $541,005,000 after buying an additional 143,220 shares during the last quarter. Finally, Boston Partners grew its stake in TD Ameritrade by 9.7% during the 2nd quarter. Boston Partners now owns 9,039,655 shares of the financial services provider’s stock worth $495,102,000 after buying an additional 802,966 shares during the last quarter. Institutional investors and hedge funds own 90.96% of the company’s stock.
TD Ameritrade Company Profile
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
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