TD Ameritrade (AMTD) Shares Gap Down to $52.69
TD Ameritrade Holding Corp. (NASDAQ:AMTD)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $53.82, but opened at $52.69. TD Ameritrade shares last traded at $51.46, with a volume of 7238687 shares changing hands.
AMTD has been the subject of a number of recent research reports. BidaskClub upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Zacks Investment Research upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Friday, September 1st. SunTrust Banks restated a “buy” rating on shares of TD Ameritrade in a research note on Wednesday, October 25th. Deutsche Bank upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and increased their price objective for the company from $53.00 to $55.00 in a research note on Monday, November 13th. Finally, Morgan Stanley increased their price objective on shares of TD Ameritrade from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.93.
The company has a market capitalization of $29,526.20, a PE ratio of 29.93, a PEG ratio of 1.73 and a beta of 1.57. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $958.57 million. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. sell-side analysts predict that TD Ameritrade Holding Corp. will post 2.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.63%. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.18. TD Ameritrade’s dividend payout ratio (DPR) is 51.22%.
In other TD Ameritrade news, Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $44.66, for a total value of $669,900.00. Following the completion of the sale, the director now owns 155,000 shares in the company, valued at approximately $6,922,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the stock in a transaction on Monday, September 18th. The stock was bought at an average price of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. Company insiders own 0.42% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Crow Point Partners LLC acquired a new stake in TD Ameritrade in the 3rd quarter valued at about $102,000. Federated Investors Inc. PA increased its position in TD Ameritrade by 5.1% in the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 198 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in TD Ameritrade in the 3rd quarter valued at about $203,000. Fox Run Management L.L.C. acquired a new stake in TD Ameritrade in the 3rd quarter valued at about $220,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in TD Ameritrade by 27.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,008 shares in the last quarter. Hedge funds and other institutional investors own 88.74% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “TD Ameritrade (AMTD) Shares Gap Down to $52.69” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/td-ameritrade-amtd-shares-gap-down-to-52-69/1762307.html.
TD Ameritrade 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.
Receive News & Ratings for TD Ameritrade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade and related companies with Analyst Ratings Network's FREE daily email newsletter.