TD Ameritrade Holding Corporation (NASDAQ:AMTD) had its target price hoisted by stock analysts at Jefferies Group LLC from $40.00 to $48.00 in a report issued on Monday, Marketbeat reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Group LLC’s price objective points to a potential upside of 16.73% from the company’s current price.

A number of other research analysts have also recently commented on AMTD. SunTrust Banks, Inc. restated a “buy” rating and issued a $50.00 price target on shares of TD Ameritrade Holding Corporation in a report on Tuesday, February 28th. Credit Suisse Group restated a “buy” rating and issued a $48.00 price target on shares of TD Ameritrade Holding Corporation in a report on Friday, March 10th. Deutsche Bank AG cut their price target on shares of TD Ameritrade Holding Corporation from $41.00 to $40.00 and set a “hold” rating on the stock in a report on Thursday, April 6th. Buckingham Research upgraded shares of TD Ameritrade Holding Corporation from a “neutral” rating to a “buy” rating in a report on Thursday, April 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $42.17.

Analyst Recommendations for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up 1.11% during trading on Monday, hitting $41.12. 1,834,194 shares of the company traded hands. The stock has a market capitalization of $21.71 billion, a PE ratio of 25.54 and a beta of 1.44. TD Ameritrade Holding Corporation has a 52 week low of $26.37 and a 52 week high of $47.41. The company’s 50 day moving average is $38.41 and its 200-day moving average is $41.03.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.01. The company had revenue of $904 million during the quarter, compared to the consensus estimate of $882.25 million. TD Ameritrade Holding Corporation had a return on equity of 16.02% and a net margin of 24.93%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. Analysts predict that TD Ameritrade Holding Corporation will post $1.64 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in TD Ameritrade Holding Corporation by 1,374.1% in the first quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after buying an additional 12,615,921 shares in the last quarter. Wellington Management Group LLP boosted its stake in TD Ameritrade Holding Corporation by 131.9% in the first quarter. Wellington Management Group LLP now owns 7,936,910 shares of the financial services provider’s stock worth $308,428,000 after buying an additional 4,514,083 shares in the last quarter. FMR LLC boosted its stake in TD Ameritrade Holding Corporation by 719.4% in the first quarter. FMR LLC now owns 5,139,189 shares of the financial services provider’s stock worth $199,709,000 after buying an additional 4,511,989 shares in the last quarter. Norges Bank purchased a new stake in TD Ameritrade Holding Corporation during the fourth quarter worth $120,561,000. Finally, Janus Capital Management LLC boosted its stake in TD Ameritrade Holding Corporation by 14.6% in the first quarter. Janus Capital Management LLC now owns 20,330,486 shares of the financial services provider’s stock worth $790,037,000 after buying an additional 2,582,698 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

About TD Ameritrade Holding Corporation

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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