Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) have been given a consensus rating of “Hold” by the fifteen research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $56.20.
Several research analysts have recently weighed in on AMTD shares. Credit Suisse Group upped their price target on shares of TD Ameritrade from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Citigroup decreased their price target on shares of TD Ameritrade from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Gabelli reaffirmed a “buy” rating on shares of TD Ameritrade in a report on Wednesday, July 24th. Deutsche Bank cut shares of TD Ameritrade from a “buy” rating to a “hold” rating and decreased their price target for the stock from $58.00 to $47.00 in a report on Friday, August 9th. Finally, ValuEngine cut shares of TD Ameritrade from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
TD Ameritrade stock traded up $0.82 during trading on Tuesday, hitting $43.92. The stock had a trading volume of 2,620,800 shares, compared to its average volume of 3,091,377. TD Ameritrade has a 1 year low of $42.93 and a 1 year high of $60.22. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $49.47 and its two-hundred day moving average is $52.18. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. TD Ameritrade’s dividend payout ratio is presently 35.93%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eaton Vance Management increased its stake in TD Ameritrade by 19.0% in the second quarter. Eaton Vance Management now owns 494,395 shares of the financial services provider’s stock valued at $24,680,000 after acquiring an additional 78,834 shares during the last quarter. United Services Automobile Association increased its stake in TD Ameritrade by 370.1% in the second quarter. United Services Automobile Association now owns 199,474 shares of the financial services provider’s stock valued at $9,958,000 after acquiring an additional 157,046 shares during the last quarter. Voloridge Investment Management LLC bought a new position in TD Ameritrade in the second quarter valued at $1,086,000. Pictet Asset Management Ltd. increased its stake in TD Ameritrade by 9.3% in the second quarter. Pictet Asset Management Ltd. now owns 114,739 shares of the financial services provider’s stock valued at $5,728,000 after acquiring an additional 9,800 shares during the last quarter. Finally, Nuveen Asset Management LLC increased 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 valued at $52,426,000 after acquiring an additional 893,039 shares during the last quarter. 92.52% of the stock is currently owned by institutional investors and hedge funds.
TD Ameritrade Company Profile
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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