TD Ameritrade Holding Corporation (AMTD) Upgraded at Deutsche Bank AG
Deutsche Bank AG upgraded shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) from a hold rating to a buy rating in a research note published on Monday, Marketbeat reports. Deutsche Bank AG currently has $55.00 price objective on the financial services provider’s stock, up from their previous price objective of $53.00.
Several other research analysts have also recently issued reports on AMTD. BidaskClub cut TD Ameritrade Holding Corporation from a hold rating to a sell rating in a research report on Friday, August 18th. Morgan Stanley restated an equal weight rating and set a $43.00 price objective (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. Zacks Investment Research raised TD Ameritrade Holding Corporation from a hold rating to a strong-buy rating and set a $56.00 price target for the company in a research report on Tuesday, October 3rd. Citigroup Inc. restated a neutral rating and issued a $50.00 target price on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, October 10th. Finally, Bank of America Corporation cut TD Ameritrade Holding Corporation from a buy rating to a neutral rating and increased their price target for the company from $51.00 to $52.00 in a report on Monday, October 9th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $50.14.
Shares of TD Ameritrade Holding Corporation (AMTD) opened at $49.10 on Monday. TD Ameritrade Holding Corporation has a one year low of $36.12 and a one year high of $51.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.16. The firm has a market cap of $26,217.32, a price-to-earnings ratio of 28.53, a PEG ratio of 1.66 and a beta of 1.57.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 15.91% and a net margin of 23.72%. The business had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $958.57 million. During the same period in the previous year, the business posted $0.35 EPS. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. analysts expect that TD Ameritrade Holding Corporation will post 2.3 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.21 per share. This is a positive change from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Monday, November 6th. TD Ameritrade Holding Corporation’s dividend payout ratio is 51.22%.
In related news, Director Joseph H. Moglia sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $44.66, for a total value of $669,900.00. Following the sale, the director now directly owns 155,000 shares in the company, valued at approximately $6,922,300. The sale was disclosed in a document filed 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 business’s stock in a transaction dated Monday, September 18th. The shares were acquired at an average cost of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 71.7% in the first quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock worth $3,087,000 after buying an additional 33,172 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of TD Ameritrade Holding Corporation by 3.0% during the second quarter. Capstone Asset Management Co. now owns 7,307 shares of the financial services provider’s stock worth $314,000 after buying an additional 210 shares during the period. State of Alaska Department of Revenue boosted its holdings in TD Ameritrade Holding Corporation by 71.6% in the second quarter. State of Alaska Department of Revenue now owns 11,023 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 4,600 shares during the period. National Pension Service increased its position in shares of TD Ameritrade Holding Corporation by 9.8% during the second quarter. National Pension Service now owns 295,875 shares of the financial services provider’s stock worth $12,616,000 after purchasing an additional 26,295 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in TD Ameritrade Holding Corporation by 510.4% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 42,822 shares of the financial services provider’s stock valued at $1,841,000 after acquiring an additional 35,807 shares during the period. 94.47% of the stock is owned by hedge funds and other institutional investors.
About TD Ameritrade Holding Corporation
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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