TD Ameritrade Holding Corporation (NASDAQ:AMTD) has earned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $44.07.

Several research analysts have recently weighed in on AMTD shares. Jefferies Group LLC reissued a “hold” rating and issued a $39.00 price objective on shares of TD Ameritrade Holding Corporation in a research report on Saturday, April 22nd. Zacks Investment Research raised TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Wednesday, July 12th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $50.00 target price (up from $46.00) on shares of TD Ameritrade Holding Corporation in a research report on Wednesday, July 19th. Deutsche Bank AG decreased their target price on TD Ameritrade Holding Corporation from $38.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, April 24th. Finally, Wells Fargo & Company raised TD Ameritrade Holding Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, May 15th.

TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 42.44 on Friday. TD Ameritrade Holding Corporation has a 1-year low of $30.97 and a 1-year high of $47.41. The firm has a 50-day moving average price of $44.94 and a 200-day moving average price of $40.99. The firm has a market capitalization of $22.41 billion, a PE ratio of 26.52 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, topping 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 firm had revenue of $931 million during the quarter, compared to analyst estimates of $897.98 million. During the same period last year, the company posted $0.45 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Equities analysts expect that TD Ameritrade Holding Corporation will post $1.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $0.72 dividend on an annualized basis and a yield of 1.70%. TD Ameritrade Holding Corporation’s dividend payout ratio (DPR) is currently 45.00%.

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In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade Holding Corporation stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $40.45, for a total transaction of $404,500.00. Following the completion of the transaction, the director now owns 170,000 shares in the company, valued at approximately $6,876,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in AMTD. Valley National Advisers Inc. increased its position in TD Ameritrade Holding Corporation by 6.1% in the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock worth $126,000 after buying an additional 188 shares during the period. Global X Management Co. LLC increased its position in shares of TD Ameritrade Holding Corporation by 37.9% in the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock worth $128,000 after buying an additional 904 shares during the last quarter. Van ECK Associates Corp increased its position in shares of TD Ameritrade Holding Corporation by 7.3% in the first quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock worth $140,000 after buying an additional 247 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of TD Ameritrade Holding Corporation by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after buying an additional 198 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of TD Ameritrade Holding Corporation by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock worth $171,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 90.40% of the company’s stock.

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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