Insider Selling: M. Ricketts 1994 Dynas Marlene Unloads 405,143 Shares of TD Ameritrade Holding Corp. Stock (AMTD)
TD Ameritrade Holding Corp. (NASDAQ:AMTD) major shareholder M. Ricketts 1994 Dynas Marlene unloaded 405,143 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $32.96, for a total value of $13,353,513.28. Following the transaction, the insider now directly owns 5,618,269 shares in the company, valued at approximately $185,178,146. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded down 0.49% on Thursday, hitting $32.62. The stock had a trading volume of 2,189,840 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 $32.10 and a 200-day moving average of $31.93. The company has a market cap of $17.859 billion and a P/E ratio of 23.41.
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 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.83.
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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