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.

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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.

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