TD Ameritrade Holding Corporation (NASDAQ:AMTD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Shares of TD Ameritrade have outperformed the industry in the past year. Yet, the company’s earnings surprise history is not that impressive. It surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. We remain cautious of the elevated costs, which are likely to weigh on the financials. However, the company recorded a rise in average client trades per day in the fiscal third quarter with the trend continuing in the first month of the current quarter, indicating trading activity improvement. Further, its deal to acquire Scottrade is likely to be accretive to earnings per share (EPS) in double digits. Also, TD Ameritrade’s steady capital deployment activities are encouraging.”

AMTD has been the subject of several other reports. SunTrust Banks, Inc. reissued a “buy” rating and set a $50.00 price objective (up from $46.00) on shares of TD Ameritrade Holding Corporation in a report on Wednesday, July 19th. BidaskClub lowered TD Ameritrade Holding Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Wells Fargo & Company raised TD Ameritrade Holding Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, May 15th. Deutsche Bank AG reissued a “hold” rating and set a $39.00 price objective (up from $37.00) on shares of TD Ameritrade Holding Corporation in a report on Monday, May 15th. Finally, Instinet reissued a “buy” rating and set a $49.00 price objective (down from $50.00) on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.47.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up 0.23% during mid-day trading on Thursday, reaching $43.13. The company had a trading volume of 702,420 shares. The stock has a market capitalization of $22.78 billion, a PE ratio of 26.96 and a beta of 1.48. TD Ameritrade Holding Corporation has a one year low of $31.65 and a one year high of $47.41. The company’s 50-day moving average is $44.77 and its 200-day moving average is $40.94.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $931 million during the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. TD Ameritrade Holding Corporation’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Equities research analysts anticipate that TD Ameritrade Holding Corporation will post $1.68 earnings per share 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 value of $404,500.00. Following the completion of the transaction, the director now directly owns 170,000 shares of the company’s stock, valued at $6,876,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of AMTD. Public Employees Retirement System of Ohio increased its stake in shares of TD Ameritrade Holding Corporation by 10.5% in the second quarter. Public Employees Retirement System of Ohio now owns 113,288 shares of the financial services provider’s stock worth $4,870,000 after buying an additional 10,781 shares during the period. Bank of Nova Scotia acquired a new stake in shares of TD Ameritrade Holding Corporation during the second quarter worth about $2,317,000. The Manufacturers Life Insurance Company increased its stake in shares of TD Ameritrade Holding Corporation by 6.8% in the second quarter. The Manufacturers Life Insurance Company now owns 17,904 shares of the financial services provider’s stock worth $769,000 after buying an additional 1,133 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TD Ameritrade Holding Corporation during the second quarter worth about $413,000. Finally, State Street Corp increased its stake in shares of TD Ameritrade Holding Corporation by 0.5% in the second quarter. State Street Corp now owns 4,752,164 shares of the financial services provider’s stock worth $204,291,000 after buying an additional 23,599 shares during the period. 93.55% of the stock is owned by hedge funds and other 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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Analyst Recommendations for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

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