Insider Selling: M. Ricketts 1994 Dynas Marlene Sells 708,600 Shares of TD Ameritrade Holding Corp. Stock (AMTD)
TD Ameritrade Holding Corp. (NASDAQ:AMTD) major shareholder M. Ricketts 1994 Dynas Marlene sold 708,600 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $32.43, for a total transaction of $22,979,898.00. Following the completion of the sale, the insider now directly owns 6,596,402 shares in the company, valued at approximately $213,921,317. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
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, August 14th. 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $33.82.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded up 0.46% during mid-day trading on Thursday, hitting $32.75. 2,940,985 shares of the company’s stock traded hands. TD Ameritrade Holding Corp. has a 1-year low of $25.19 and a 1-year high of $35.82. The stock has a 50-day moving average of $31.71 and a 200-day moving average of $31.84. The company has a market cap of $17.930 billion and a price-to-earnings ratio of 23.29.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last announced its earnings results on Tuesday, July 22nd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters 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.
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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