TD Ameritrade Holding Corp. major shareholder Sells $128,200,000 in Stock (AMTD)
TD Ameritrade Holding Corp. (NASDAQ:AMTD) major shareholder Luxembourg International Ho Td sold 4,000,000 shares of TD Ameritrade Holding Corp. stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $32.05, for a total transaction of $128,200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on AMTD. Analysts at UBS AG reiterated a “neutral” rating on shares of TD Ameritrade Holding Corp. in a research note on Wednesday, January 22nd. They now have a $36.00 price target on the stock, up previously from $28.00. Separately, analysts at Nomura initiated coverage on shares of TD Ameritrade Holding Corp. in a research note on Thursday, January 9th. They set a “neutral” rating and a $32.00 price target on the stock. Finally, analysts at Citigroup Inc. downgraded shares of TD Ameritrade Holding Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 7th. They now have a $34.00 price target on the stock, up previously from $31.00. Twelve investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.32.
Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded down 1.84% on Friday, hitting $32.53. The stock had a trading volume of 5,541,220 shares. TD Ameritrade Holding Corp. has a 52 week low of $18.66 and a 52 week high of $35.16. The stock’s 50-day moving average is $31.48 and its 200-day moving average is $28.65. The company has a market cap of $17.940 billion and a P/E ratio of 25.49.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last announced its earnings results on Tuesday, January 21st. The company reported $0.35 EPS for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.02. The company had revenue of $752.00 million for the quarter, compared to the consensus estimate of $734.98 million. During the same quarter last year, the company posted $0.27 earnings per share. TD Ameritrade Holding Corp.’s revenue was up 15.5% compared to the same quarter last year. On average, analysts predict that TD Ameritrade Holding Corp. will post $1.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 19th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, February 3rd.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) is a provider of securities brokerage services and technology-based financial services to retail investors, traders and independent registered investment advisors (RIAs).
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