The stock is trading at $44.70 which is slightly above the 50 day moving average which is $39.08 and which is a tad above the 200 day moving average of $40.99. The 50 day moving average was up by +14.37% and the 200 day average moved up $3.71. (NASDAQ:AMTD) shares saw heavy trading volume with 2,355K shares changing hands by the end of trading on Thursday. Volume was up 12.34% over the stocks average daily volume.
Investors are more bearish on the company if you take a look at the uptick in short interest. The company saw a rise in short interest between June 15, 2017 and May 31, 2017 of 0.85%. Short shares increased from 10,750,723 to 10,842,552 over that timeframe. With short interest at 10,842,552 and short average daily volume at 2,315,505, days to cover is 4.7 and the short interest percentage is 0.02% as of May 31.
There has been some selling insider activity on TD Ameritrade Holding Corporati (NASDAQ:AMTD) recently. Director Joseph H. Moglia disclosed the sale of 20,000 shares. The shares were sold on March 15th for a price of $39.18. Moglia now owns $7,052,400 of the stock according to the SEC filing. Joseph H. Moglia, Director disclosed the sale of 20,000 shares of AMTD stock. The shares were purchased at an average price of $47.00. The Director now owns $9,400,000 of the stock per the Form 4 SEC filing.
Ellen L. S. Koplow, EVP, General Counsel and Sec. reported the sale of 41,246 shares of (AMTD). The shares were purchased at an average price of $36.18. Koplow now owns $3,486,269 of the stock per the Form 4 SEC filing.
These funds have also shifted positions in (AMTD). As of the end of the quarter Creative Planning had bought a total of 28,235 shares growing its holdings by 2.5%. The value of the total investment in TD Ameritrade Holding Corporati increased from $43,848,000 to $49,722,000 increasing 13.4% since the last quarter. As of quarter end Gateway Investment Advisers LLC had disposed of 34,421 shares trimming its position 32.5%. The value of the investment in AMTD went from $4,121,000 to $3,079,000 a change of 25.3% quarter over quarter.
Clinton Group Inc grew its position by buying 25,698 shares an increase of 211.0% in the quarter. Clinton Group Inc currently owns 37,875 shares with a value of $1,471,000. The value of the position overall is up by 177.0%. As of quarter end Spiderrock Advisors LLC had sold a total of 2,500 shares trimming its stake by 71.4%. The value of the investment in (AMTD) went from $18,000 to $3,000 a change of $15,000 quarter to quarter.
On May 15 the stock rating was upgraded from “Market Perform” to “Outperform” in a report from Wells Fargo. Keefe Bruyette & Woods added AMTD to its research portfolio with an initial rating of “Market Perform”.
On October 13, 2016 the stock rating was changed to a “Buy” according to a Bank of America report which is up from the previous “Neutral” rating. On October 13 Barclays made no change to the company rating of “Equal-Weight” and moved up the price target from $30.00 to $37.00.
October 11 investment analysts at Jefferies left the company rating at “Hold” but raised the price target to $36.00 from $30.00. September 30 investment analysts at SunTrust Robinson Humphrey maintained a company rating of “Buy” but lowered the price expectation to $37.00 from $40.00.
The company is now up by 0.90 percent from yesterday’s close. TD Ameritrade Holding Corporati also declared a dividend paid on Tuesday May 16th, 2017. The dividend was $0.180 per share for the quarter or $0.72 on an annualized basis. The dividend yield was $1.61. The ex-dividend date was Friday the 28th of April 2017.
The company currently has a P/E ratio of 27.76 and the market cap is 23.60B. In the latest earnings report the EPS was $1.61 and is projected to be $1.64 for the current year with 528,061,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.42 and the next full year EPS is anticipated to be $1.98.
TD Ameritrade Holding Corporation, launched on April 1, 2002, 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. The Business’s products and services include common and preferred stock, exchange-traded funds, options, futures, foreign exchange, mutual funds, fixed income, new and secondary issue securities, margin lending, cash management services and annuities. The Company uses its platform to offer brokerage services to retail investors and investment advisors. In addition, it also offers various products and services to retail clients, such as touch-tone trading, trading over the Internet, real-time quotes, extended trading hours and direct access to market destinations. The Company offers a nationwide network of over 100 retail branches, located primarily in metropolitan areas..