Traders Buy TD Ameritrade (AMTD) on Weakness
Traders purchased shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) on weakness during trading hours on Thursday. $63.42 million flowed into the stock on the tick-up and $39.89 million flowed out of the stock on the tick-down, for a money net flow of $23.53 million into the stock. Of all companies tracked, TD Ameritrade had the 33rd highest net in-flow for the day. TD Ameritrade traded down ($1.60) for the day and closed at $56.13
A number of analysts have commented on the company. Bank of America set a $67.00 target price on TD Ameritrade and gave the stock a “buy” rating in a report on Wednesday, July 25th. ValuEngine raised TD Ameritrade from a “hold” rating to a “buy” rating in a report on Wednesday, June 6th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $68.50 target price on shares of TD Ameritrade in a report on Tuesday, July 24th. BidaskClub lowered TD Ameritrade from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Finally, Barclays lifted their price objective on TD Ameritrade from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, July 25th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $65.19.
The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $31.86 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 0.60 and a beta of 1.30.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 21st. Investors of record on Tuesday, August 7th were given a dividend of $0.21 per share. The ex-dividend date was Monday, August 6th. This represents a $0.84 annualized dividend and a yield of 1.51%. TD Ameritrade’s dividend payout ratio (DPR) is presently 45.65%.
In related news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the transaction, the director now directly owns 125,000 shares in the company, valued at $7,500,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter J. Desilva bought 5,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were bought at an average price of $56.73 per share, for a total transaction of $283,650.00. Following the completion of the transaction, the executive vice president now directly owns 24,000 shares of the company’s stock, valued at approximately $1,361,520. The disclosure for this purchase can be found here. 0.44% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FDx Advisors Inc. purchased a new position in shares of TD Ameritrade in the first quarter valued at about $511,000. Comerica Bank lifted its position in shares of TD Ameritrade by 21.0% in the first quarter. Comerica Bank now owns 12,470 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 2,167 shares in the last quarter. Stephens Inc. AR lifted its position in shares of TD Ameritrade by 22.4% in the first quarter. Stephens Inc. AR now owns 9,225 shares of the financial services provider’s stock valued at $546,000 after acquiring an additional 1,687 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of TD Ameritrade by 3,314.3% in the first quarter. Prudential Financial Inc. now owns 529,756 shares of the financial services provider’s stock valued at $31,378,000 after acquiring an additional 514,240 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of TD Ameritrade by 2.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 369,489 shares of the financial services provider’s stock valued at $21,885,000 after acquiring an additional 8,468 shares in the last quarter. Institutional investors own 91.04% 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, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
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