TD Ameritrade (AMTD) Stock Price Down 7.1%

TD Ameritrade Holding Corp. (NASDAQ:AMTD) was down 7.1% on Tuesday . The stock traded as low as $55.56 and last traded at $55.88. Approximately 12,836,500 shares changed hands during trading, an increase of 380% from the average daily volume of 2,675,584 shares. The stock had previously closed at $60.15.

Several equities research analysts recently weighed in on AMTD shares. BidaskClub lowered shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 14th. ValuEngine upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. Compass Point started coverage on shares of TD Ameritrade in a research note on Monday, June 4th. They set a “buy” rating and a $74.00 price objective on the stock. Gabelli reiterated a “buy” rating on shares of TD Ameritrade in a research note on Friday, April 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $68.50 price objective on shares of TD Ameritrade in a research note on Tuesday, July 24th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $65.19.

The company has a market cap of $33.72 billion, a P/E ratio of 30.37, a P/E/G ratio of 0.64 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.13.

TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Monday, July 23rd. The financial services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. TD Ameritrade had a net margin of 24.42% and a return on equity of 21.71%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.44 earnings per share. TD Ameritrade’s revenue was up 48.4% compared to the same quarter last year. research analysts forecast that TD Ameritrade Holding Corp. will post 3.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 21st. Shareholders of record on Tuesday, August 7th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, August 6th. This represents a $0.84 annualized dividend and a dividend yield of 1.50%. TD Ameritrade’s payout ratio is currently 45.65%.

In other TD Ameritrade news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the sale, the director now owns 125,000 shares in the company, valued at $7,500,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Advisors Preferred LLC bought a new position in shares of TD Ameritrade in the first quarter valued at approximately $103,000. Summit Trail Advisors LLC boosted its holdings in shares of TD Ameritrade by 6,041.6% in the first quarter. Summit Trail Advisors LLC now owns 171,903 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 169,104 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of TD Ameritrade in the first quarter valued at approximately $186,000. D.B. Root & Company LLC bought a new position in shares of TD Ameritrade in the first quarter valued at approximately $201,000. Finally, Symphony Asset Management LLC bought a new position in shares of TD Ameritrade in the first quarter valued at approximately $214,000. Institutional investors own 91.99% of the company’s stock.

About TD Ameritrade (NASDAQ:AMTD)

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.

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