TD Ameritrade Holding Corporation (NASDAQ:AMTD) had its target price raised by analysts at Jefferies Group LLC from $40.00 to $43.00 in a research report issued to clients and investors on Monday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 5.73% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. SunTrust Banks, Inc. cut their target price on shares of TD Ameritrade Holding Corporation to $48.00 in a research note on Wednesday, March 1st. Instinet reissued a “buy” rating and issued a $49.00 target price (up previously from $48.00) on shares of TD Ameritrade Holding Corporation in a research note on Friday, April 14th. Credit Suisse Group reissued a “buy” rating and issued a $48.00 target price on shares of TD Ameritrade Holding Corporation in a research note on Thursday, April 13th. Buckingham Research raised shares of TD Ameritrade Holding Corporation from a “neutral” rating to a “buy” rating in a research note on Thursday, April 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of TD Ameritrade Holding Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average 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) opened at 40.67 on Monday. The firm has a 50 day moving average of $38.41 and a 200 day moving average of $41.03. TD Ameritrade Holding Corporation has a 1-year low of $26.37 and a 1-year high of $47.41. The firm has a market cap of $21.48 billion, a P/E ratio of 25.26 and a beta of 1.44.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its 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. TD Ameritrade Holding Corporation had a net margin of 24.93% and a return on equity of 16.02%. The business had revenue of $904 million during the quarter, compared to analysts’ expectations of $882.25 million. During the same period in the prior year, the business posted $0.38 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts expect that TD Ameritrade Holding Corporation will post $1.64 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of TD Ameritrade Holding Corporation during the fourth quarter valued at $25,481,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of TD Ameritrade Holding Corporation by 25.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,411 shares of the financial services provider’s stock valued at $588,000 after buying an additional 2,745 shares in the last quarter. GLG LLC raised its position in shares of TD Ameritrade Holding Corporation by 6.8% in the fourth quarter. GLG LLC now owns 15,255 shares of the financial services provider’s stock valued at $665,000 after buying an additional 970 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of TD Ameritrade Holding Corporation during the fourth quarter valued at $2,765,000. Finally, Envestnet Asset Management Inc. raised its position in shares of TD Ameritrade Holding Corporation by 787.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 27,038 shares of the financial services provider’s stock valued at $1,179,000 after buying an additional 23,991 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

TD Ameritrade Holding Corporation Company Profile

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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