Insider Selling: M. Ricketts 1994 Dynas Marlene Sells 162,700 Shares of TD Ameritrade Holding Corp. Stock (AMTD)
TD Ameritrade Holding Corp. (NASDAQ:AMTD) major shareholder M. Ricketts 1994 Dynas Marlene sold 162,700 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $33.07, for a total value of $5,380,489.00. Following the completion of the sale, the insider now directly owns 6,023,412 shares of the company’s stock, valued at approximately $199,194,235. The transaction was disclosed in a filing with the SEC, which is available at 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.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of TD Ameritrade Holding Corp. in a research note on Friday, August 22nd. They now have a $34.00 price target on the stock. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $33.83.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded down 0.21% during mid-day trading on Tuesday, hitting $33.04. The stock had a trading volume of 1,872,886 shares. TD Ameritrade Holding Corp. has a 52-week low of $25.47 and a 52-week high of $35.82. The stock has a 50-day moving average of $32.04 and a 200-day moving average of $31.92. The company has a market cap of $18.088 billion and a P/E ratio of 23.65.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last issued its quarterly earnings data 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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