Joseph H. Moglia Sells 15,000 Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) Stock

TD Ameritrade Holding Corp. (NASDAQ:AMTD) Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $52.37, for a total transaction of $785,550.00. Following the transaction, the director now directly owns 113,661 shares in the company, valued at $5,952,426.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ AMTD traded up $0.57 during trading hours on Wednesday, hitting $51.46. 6,542,078 shares of the stock were exchanged, compared to its average volume of 3,326,308. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $27.68 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. The company’s fifty day simple moving average is $42.03 and its two-hundred day simple moving average is $46.26. TD Ameritrade Holding Corp. has a 1-year low of $32.69 and a 1-year high of $57.88.

TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.97 by $0.08. TD Ameritrade had a net margin of 36.72% and a return on equity of 27.18%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. As a group, sell-side analysts expect that TD Ameritrade Holding Corp. will post 3 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a $0.31 dividend. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, November 4th. This represents a $1.24 annualized dividend and a dividend yield of 2.41%. TD Ameritrade’s dividend payout ratio (DPR) is presently 30.02%.

Several equities research analysts recently issued reports on the company. Citigroup upgraded TD Ameritrade from a “sell” rating to a “neutral” rating and boosted their price target for the company from $31.00 to $53.00 in a research note on Tuesday, November 26th. Wells Fargo & Co upgraded TD Ameritrade from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 26th. Bank of America lowered TD Ameritrade from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $57.00 to $39.00 in a research note on Tuesday, October 1st. Morgan Stanley lifted their price objective on TD Ameritrade from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Barclays upgraded TD Ameritrade from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $33.00 to $53.00 in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $46.30.

Institutional investors and hedge funds have recently modified their holdings of the company. MUFG Americas Holdings Corp bought a new stake in shares of TD Ameritrade during the 2nd quarter worth $25,000. Steward Partners Investment Advisory LLC acquired a new position in TD Ameritrade during the second quarter worth about $35,000. Financial Advantage Inc. bought a new position in shares of TD Ameritrade in the third quarter worth about $49,000. NuWave Investment Management LLC lifted its holdings in shares of TD Ameritrade by 333.4% in the third quarter. NuWave Investment Management LLC now owns 1,608 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 1,237 shares during the last quarter. Finally, CSat Investment Advisory L.P. acquired a new stake in shares of TD Ameritrade in the 2nd quarter valued at approximately $83,000. Institutional investors own 91.60% of the company’s stock.

TD Ameritrade Company Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.

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