TD Ameritrade Holding Corp. (AMTD) Receives Average Recommendation of “Buy” from Analysts
TD Ameritrade Holding Corp. (NASDAQ:AMTD) has been given an average rating of “Buy” by the nineteen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $57.29.
AMTD has been the topic of a number of analyst reports. BidaskClub downgraded shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 29th. Zacks Investment Research upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, December 26th. Deutsche Bank upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and increased their price target for the company from $53.00 to $55.00 in a research report on Monday, November 13th. SunTrust Banks reiterated a “buy” rating on shares of TD Ameritrade in a research report on Wednesday, October 25th. Finally, Sandler O’Neill restated a “buy” rating and set a $63.00 target price on shares of TD Ameritrade in a report on Tuesday, January 23rd.
In other news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $55.28, for a total transaction of $552,800.00. Following the completion of the transaction, the director now directly owns 145,000 shares of the company’s stock, valued at approximately $8,015,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. Nally sold 17,243 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total transaction of $967,849.59. Following the transaction, the executive vice president now directly owns 160,079 shares of the company’s stock, valued at $8,985,234.27. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.
Shares of TD Ameritrade (NASDAQ AMTD) traded up $1.07 during trading hours on Friday, hitting $56.45. 2,510,000 shares of the company were exchanged, compared to its average volume of 3,830,000. The firm has a market cap of $32,020.00, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.35. TD Ameritrade has a 1-year low of $36.12 and a 1-year high of $58.83.
TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.29. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. equities analysts anticipate that TD Ameritrade will post 3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, February 5th. This represents a $0.84 annualized dividend and a dividend yield of 1.49%. TD Ameritrade’s dividend payout ratio is currently 47.73%.
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About TD Ameritrade
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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