TD Ameritrade Holding Corp. (NASDAQ:AMTD) saw strong trading volume on Thursday . 33,871,800 shares were traded during trading, an increase of 999% from the previous session’s volume of 3,082,681 shares.The stock last traded at $48.38 and had previously closed at $41.38.
Several research analysts have recently commented on the company. ValuEngine raised TD Ameritrade from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Gabelli lowered TD Ameritrade from a “buy” rating to a “hold” rating in a report on Thursday. Credit Suisse Group cut their price objective on TD Ameritrade from $61.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Bank of America downgraded TD Ameritrade from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $57.00 to $39.00 in a research report on Tuesday, October 1st. Finally, Morgan Stanley boosted their target price on TD Ameritrade from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $43.64.
The stock has a 50-day moving average of $38.00 and a two-hundred day moving average of $46.38. The company has a market cap of $22.32 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.48 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.15 and a current ratio of 1.19.
TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Monday, October 21st. The financial services provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.08. TD Ameritrade had a return on equity of 27.18% and a net margin of 36.72%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $0.92 EPS. TD Ameritrade’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts forecast that TD Ameritrade Holding Corp. will post 3.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Monday, November 4th. This is an increase from TD Ameritrade’s previous quarterly dividend of $0.30. TD Ameritrade’s dividend payout ratio is currently 30.02%.
Several institutional investors have recently made changes to their positions in AMTD. Massachusetts Financial Services Co. MA grew its stake in TD Ameritrade by 39.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 20,723,554 shares of the financial services provider’s stock worth $967,790,000 after purchasing an additional 5,866,463 shares during the period. Renaissance Technologies LLC grew its stake in TD Ameritrade by 235.7% in the second quarter. Renaissance Technologies LLC now owns 1,624,326 shares of the financial services provider’s stock worth $81,086,000 after purchasing an additional 1,140,400 shares during the period. Nuveen Asset Management LLC grew its stake in TD Ameritrade by 568.2% in the second quarter. Nuveen Asset Management LLC now owns 1,050,200 shares of the financial services provider’s stock worth $52,426,000 after purchasing an additional 893,039 shares during the period. BlackRock Inc. grew its stake in TD Ameritrade by 3.9% in the second quarter. BlackRock Inc. now owns 15,746,356 shares of the financial services provider’s stock worth $786,060,000 after purchasing an additional 590,634 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in TD Ameritrade by 9.7% in the second quarter. JPMorgan Chase & Co. now owns 5,159,469 shares of the financial services provider’s stock worth $255,860,000 after purchasing an additional 455,002 shares during the period. Institutional investors own 92.34% of the company’s stock.
About TD Ameritrade (NASDAQ:AMTD)
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.
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