TD Ameritrade (AMTD) Shares Gap Up to $54.34

Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) gapped up before the market opened on Friday . The stock had previously closed at $52.70, but opened at $54.34. TD Ameritrade shares last traded at $54.69, with a volume of 5337214 shares changing hands.

AMTD has been the topic of several recent research reports. Deutsche Bank increased their target price on TD Ameritrade from $49.00 to $53.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. BidaskClub cut TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, December 26th. Credit Suisse Group initiated coverage on TD Ameritrade in a research report on Thursday, November 30th. They set an “underperform” rating and a $45.00 target price on the stock. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of TD Ameritrade in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. TD Ameritrade presently has an average rating of “Buy” and a consensus price target of $57.29.

The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $32,518.72, a PE ratio of 31.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.50.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.29. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a return on equity of 18.27% and a net margin of 23.39%. sell-side analysts predict that TD Ameritrade Holding Corp. will post 3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.54%. TD Ameritrade’s payout ratio is 48.00%.

In other TD Ameritrade news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the completion of the sale, the director now owns 145,000 shares of the company’s stock, valued at approximately $8,015,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. Nally sold 17,243 shares of TD Ameritrade stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total value of $967,849.59. Following the sale, the executive vice president now directly owns 160,079 shares of the company’s stock, valued at approximately $8,985,234.27. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. American International Group Inc. lifted its position in TD Ameritrade by 71.0% during the 4th quarter. American International Group Inc. now owns 14,302 shares of the financial services provider’s stock worth $731,000 after acquiring an additional 5,939 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in TD Ameritrade by 41.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 37,400 shares of the financial services provider’s stock worth $1,912,000 after acquiring an additional 11,000 shares during the period. Virtu Financial LLC acquired a new stake in TD Ameritrade during the 4th quarter worth about $234,000. BlackRock Inc. lifted its position in TD Ameritrade by 4.2% during the 4th quarter. BlackRock Inc. now owns 14,003,570 shares of the financial services provider’s stock worth $715,999,000 after acquiring an additional 570,868 shares during the period. Finally, Shell Asset Management Co. lifted its position in TD Ameritrade by 100.5% during the 4th quarter. Shell Asset Management Co. now owns 71,176 shares of the financial services provider’s stock worth $3,639,000 after acquiring an additional 35,668 shares during the period. 88.62% of the stock is owned by institutional investors.

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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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