TD Ameritrade Holding Corporation (AMTD) Increases Dividend to $0.21 Per Share
TD Ameritrade Holding Corporation (NASDAQ:AMTD) declared a quarterly dividend on Tuesday, October 24th, Wall Street Journal reports. Shareholders of record on Tuesday, November 7th will be given a dividend of 0.21 per share by the financial services provider on Tuesday, November 21st. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Monday, November 6th. This is a boost from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18.
TD Ameritrade Holding Corporation (NASDAQ AMTD) traded up 3.86% during trading on Tuesday, reaching $50.00. The company’s stock had a trading volume of 3,769,276 shares. The stock’s 50 day moving average is $46.80 and its 200 day moving average is $42.69. TD Ameritrade Holding Corporation has a 12 month low of $33.26 and a 12 month high of $50.72. The company has a market cap of $26.41 billion, a price-to-earnings ratio of 31.25 and a beta of 1.55.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The business had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $958.57 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, equities analysts expect that TD Ameritrade Holding Corporation will post $1.71 EPS for the current fiscal year.
In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the completion of the sale, the director now directly owns 155,000 shares in the company, valued at $6,922,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of the business’s stock in a transaction on Monday, September 18th. The shares were acquired at an average price of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.
Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $44.50 price target on shares of TD Ameritrade Holding Corporation in a report on Friday, July 14th. BidaskClub cut shares of TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $43.00 price target (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. Zacks Investment Research raised shares of TD Ameritrade Holding Corporation from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a report on Tuesday, October 3rd. Finally, Nomura decreased their price target on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. TD Ameritrade Holding Corporation currently has an average rating of “Buy” and an average target price of $48.86.
TD Ameritrade Holding Corporation Company Profile
TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.
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