Insider Selling: TD Ameritrade Holding Corp. major shareholder Unloads $12,777,034 in Stock (AMTD)
TD Ameritrade Holding Corp. (NASDAQ:AMTD) major shareholder M. Ricketts 1994 Dynas Marlene unloaded 396,310 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $32.24, for a total value of $12,777,034.40. Following the sale, the insider now directly owns 7,305,002 shares of the company’s stock, valued at approximately $235,513,264. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.82.
Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at 32.60 on Thursday. 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 $31.68 and its 200-day moving average is $31.83. The company has a market cap of $17.848 billion and a P/E ratio of 22.96.
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 in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue 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.
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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