Deutsche Bank upgraded shares of TD Ameritrade (NASDAQ:AMTD) from a hold rating to a buy rating in a research report report published on Monday, November 13th, Marketbeat reports. They currently have $55.00 price target on the financial services provider’s stock, up from their previous price target of $53.00.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research raised TD Ameritrade from a hold rating to a buy rating and set a $48.00 price target for the company in a report on Friday, September 1st. Jefferies Group reaffirmed a hold rating and set a $46.00 target price on shares of TD Ameritrade in a research note on Friday, October 6th. BidaskClub downgraded TD Ameritrade from a strong-buy rating to a buy rating in a research note on Tuesday, November 7th. SunTrust Banks reaffirmed a buy rating and set a $50.00 target price (up from $46.00) on shares of TD Ameritrade in a research note on Wednesday, July 19th. Finally, Morgan Stanley boosted their price target on TD Ameritrade from $43.00 to $47.00 and gave the stock an equal weight rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $49.93.
Shares of TD Ameritrade (AMTD) traded up $0.50 during mid-day trading on Monday, hitting $51.67. The stock had a trading volume of 2,670,000 shares, compared to its average volume of 1,750,000. TD Ameritrade has a 1-year low of $36.12 and a 1-year high of $51.80. The stock has a market capitalization of $29,290.00, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 1.71 and a beta of 1.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were given a $0.21 dividend. The ex-dividend date was Monday, November 6th. This represents a $0.84 dividend on an annualized basis and a yield of 1.63%. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.18. TD Ameritrade’s dividend payout ratio (DPR) is currently 51.22%.
In other news, Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $44.66, for a total transaction of $669,900.00. Following the sale, the director now owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were acquired at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The disclosure for this purchase can be found here. 0.42% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Crow Point Partners LLC purchased a new position in TD Ameritrade during the 3rd quarter worth approximately $102,000. Federated Investors Inc. PA grew its stake in TD Ameritrade by 5.1% during the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after buying an additional 198 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in TD Ameritrade during the 3rd quarter worth approximately $203,000. Fox Run Management L.L.C. purchased a new position in shares of TD Ameritrade in the 3rd quarter valued at approximately $220,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of TD Ameritrade by 27.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,008 shares during the last quarter. Hedge funds and other institutional investors own 88.74% of the company’s stock.
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About TD Ameritrade
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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