Joseph H. Moglia Sells 10,000 Shares of TD Ameritrade Holding Corp. (AMTD) Stock

TD Ameritrade Holding Corp. (NASDAQ:AMTD) Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the sale, the director now directly owns 145,000 shares of the company’s stock, valued at $8,015,600. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

TD Ameritrade Holding Corp. (NASDAQ AMTD) traded up $0.62 during trading hours on Monday, reaching $55.59. 4,295,554 shares of the company’s stock were exchanged, compared to its average volume of 3,383,197. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 0.34. The stock has a market cap of $31,420.00, a PE ratio of 31.59, a P/E/G ratio of 0.93 and a beta of 1.57. TD Ameritrade Holding Corp. has a one year low of $36.12 and a one year high of $57.85.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.29. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. analysts predict that TD Ameritrade Holding Corp. will post 2.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, February 5th. This represents a $0.84 annualized dividend and a dividend yield of 1.51%. TD Ameritrade’s payout ratio is 47.73%.

Several hedge funds have recently modified their holdings of the company. Toronto Dominion Bank lifted its position in shares of TD Ameritrade by 5.0% during the third quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after purchasing an additional 11,082,105 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of TD Ameritrade by 2.3% during the third quarter. Janus Henderson Group PLC now owns 20,878,793 shares of the financial services provider’s stock worth $1,018,884,000 after purchasing an additional 473,846 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of TD Ameritrade by 3.2% during the second quarter. Vanguard Group Inc. now owns 13,265,664 shares of the financial services provider’s stock worth $570,291,000 after purchasing an additional 408,837 shares during the last quarter. State Street Corp lifted its position in shares of TD Ameritrade by 0.5% during the second quarter. State Street Corp now owns 4,752,164 shares of the financial services provider’s stock worth $204,291,000 after purchasing an additional 23,599 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of TD Ameritrade by 7.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,103,000 shares of the financial services provider’s stock worth $201,069,000 after purchasing an additional 267,600 shares during the last quarter. 88.56% of the stock is currently owned by institutional investors and hedge funds.

AMTD has been the subject of a number of research reports. Deutsche Bank upped their price target on shares of TD Ameritrade from $49.00 to $53.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. BidaskClub cut shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. Jefferies Group reaffirmed a “hold” rating and set a $46.00 price target on shares of TD Ameritrade in a research report on Friday, October 6th. Credit Suisse Group began coverage on shares of TD Ameritrade in a research report on Thursday, November 30th. They issued an “underperform” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.65.

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About TD Ameritrade

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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