Insider Selling: TD Ameritrade Holding Corp. major shareholder Sells 484,800 Shares of Stock (AMTD)
TD Ameritrade Holding Corp. (NASDAQ:AMTD) major shareholder M. Ricketts 1994 Dynas Marlene sold 484,800 shares of TD Ameritrade Holding Corp. stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $32.34, for a total transaction of $15,678,432.00. Following the completion of the transaction, the insider now directly owns 7,701,312 shares of the company’s stock, valued at approximately $249,060,430. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock 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. The stock had a trading volume of 2,304,911 shares. TD Ameritrade Holding Corp. has a 52-week low of $25.19 and a 52-week high of $35.82. The stock has a 50-day moving average of $31.60 and a 200-day moving average of $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 released its earnings data on Tuesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that TD Ameritrade Holding Corp. will post $1.39 earnings per share for the current fiscal year.
A number of research firms have recently commented on AMTD. 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. TD Ameritrade Holding Corp. presently has an average rating of “Hold” and a consensus target price 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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