Insider Selling: M. Ricketts 1994 Dynas Marlene Unloads 174,800 Shares of TD Ameritrade Holding Corp. Stock (AMTD)
TD Ameritrade Holding Corp. (NASDAQ:AMTD) major shareholder M. Ricketts 1994 Dynas Marlene sold 174,800 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $32.40, for a total transaction of $5,663,520.00. Following the completion of the sale, the insider now directly owns 7,701,312 shares of the company’s stock, valued at approximately $249,522,509. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded down 0.43% on Friday, hitting $32.12. 2,304,911 shares of the company’s stock traded hands. TD Ameritrade Holding Corp. has a 52 week low of $25.19 and a 52 week high of $35.82. The stock’s 50-day moving average is $31.60 and its 200-day moving average is $31.81. The company has a market cap of $17.585 billion and a P/E ratio of 23.04.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.01. The company had revenue of $763.00 million for the quarter, compared to the consensus estimate of $767.65 million. During the same quarter last year, the company posted $0.33 earnings per share. TD Ameritrade Holding Corp.’s revenue was up 5.2% compared to the same quarter last year. Analysts expect that TD Ameritrade Holding Corp. will post $1.39 EPS for the current fiscal year.
A number of analysts have recently weighed in on AMTD shares. Analysts at Deutsche Bank initiated coverage on shares of TD Ameritrade Holding Corp. in a research note on Thursday. They set a “buy” rating and a $38.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of TD Ameritrade Holding Corp. in a research note on Monday, July 14th. They set a “hold” rating and a $34.00 price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of TD Ameritrade Holding Corp. from $35.00 to $33.00 in a research note on Wednesday, June 11th. They now have a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.82.
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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