TD Ameritrade Holding Corporation (NASDAQ:AMTD) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other analysts have also weighed in on the company. Instinet reiterated 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. Jefferies Group LLC reiterated a “hold” rating and issued a $39.00 target price on shares of TD Ameritrade Holding Corporation in a research note on Saturday, April 22nd. Deutsche Bank AG reduced their target price on TD Ameritrade Holding Corporation from $41.00 to $40.00 and set a “hold” rating on the stock in a research note on Thursday, April 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $44.50 target price on shares of TD Ameritrade Holding Corporation in a research note on Wednesday, April 12th. Finally, Zacks Investment Research upgraded TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Wednesday, July 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.47.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up 0.47% during mid-day trading on Friday, reaching $45.29. 2,529,868 shares of the company traded hands. TD Ameritrade Holding Corporation has a 12-month low of $29.51 and a 12-month high of $47.41. The company’s 50 day moving average price is $43.84 and its 200 day moving average price is $41.06. The firm has a market capitalization of $23.92 billion, a P/E ratio of 28.13 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The company had revenue of $931 million for the quarter, compared to analyst estimates of $897.98 million. During the same quarter in the prior year, the firm posted $0.45 EPS. TD Ameritrade Holding Corporation’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts predict that TD Ameritrade Holding Corporation will post $1.69 EPS for the current year.

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In other news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $40.45, for a total transaction of $404,500.00. Following the transaction, the director now owns 170,000 shares in the company, valued at $6,876,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

Large investors have recently modified their holdings of the stock. Personal Capital Advisors Corp increased its stake in shares of TD Ameritrade Holding Corporation by 7.4% in the first quarter. Personal Capital Advisors Corp now owns 765,849 shares of the financial services provider’s stock worth $29,286,000 after buying an additional 52,971 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of TD Ameritrade Holding Corporation by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,015 shares of the financial services provider’s stock worth $255,000 after buying an additional 285 shares during the last quarter. Nationwide Fund Advisors bought a new stake in shares of TD Ameritrade Holding Corporation during the first quarter worth $8,565,000. Candriam Luxembourg S.C.A. bought a new stake in shares of TD Ameritrade Holding Corporation during the first quarter worth $825,000. Finally, Douglas Lane & Associates LLC increased its stake in shares of TD Ameritrade Holding Corporation by 6.8% in the first quarter. Douglas Lane & Associates LLC now owns 308,790 shares of the financial services provider’s stock worth $12,000,000 after buying an additional 19,580 shares during the last quarter. 90.89% of the stock is currently 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.

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

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