TD Ameritrade Holding Corp. (AMTD) Sees Large Volume Increase
TD Ameritrade Holding Corp. (NASDAQ:AMTD) shares saw strong trading volume on Friday . 2,485,018 shares traded hands during trading, an increase of 50% from the previous session’s volume of 1,652,272 shares.The stock last traded at $32.07 and had previously closed at $31.79.
A number of research analysts recently weighed in on the company. Deutsche Bank AG upped their price target on TD Ameritrade Holding Corp. from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, May 27th. Zacks Investment Research downgraded TD Ameritrade Holding Corp. from a “hold” rating to a “sell” rating in a research note on Monday, June 6th. Barclays PLC increased their price objective on TD Ameritrade Holding Corp. from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 9th. Bank of America Corp. reissued a “neutral” rating and issued a $32.00 price objective (up from $29.00) on shares of TD Ameritrade Holding Corp. in a research note on Sunday, July 24th. Finally, Citigroup Inc. increased their price objective on TD Ameritrade Holding Corp. from $28.00 to $31.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 20th. Twelve research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.70.
The stock has a market capitalization of $17.02 billion and a price-to-earnings ratio of 19.83. The firm’s 50-day moving average is $30.39 and its 200 day moving average is $30.14.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The firm had revenue of $838 million for the quarter, compared to the consensus estimate of $829.63 million. On average, equities research analysts predict that TD Ameritrade Holding Corp. will post $1.60 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, August 2nd. This represents a $0.68 annualized dividend and a dividend yield of 2.10%.
In other news, CEO Fredric J. Tomczyk sold 40,000 shares of TD Ameritrade Holding Corp. stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $32.63, for a total transaction of $1,305,200.00. Following the completion of the transaction, the chief executive officer now directly owns 787,710 shares in the company, valued at $25,702,977.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Fredric J. Tomczyk sold 10,000 shares of TD Ameritrade Holding Corp. stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $31.28, for a total transaction of $312,800.00. Following the transaction, the chief executive officer now owns 757,710 shares of the company’s stock, valued at $23,701,168.80. The disclosure for this sale can be found here.
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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