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

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $44.50 price target on shares of TD Ameritrade Holding Corporation in a report on Friday, July 14th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $43.00 price target (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. Jefferies Group LLC increased their price target on shares of TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the company a “hold” rating in a report on Monday, June 19th. Nomura lowered their price target on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, July 13th. Finally, Rosenblatt Securities assumed coverage on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $50.00 price target for the company. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $44.40.

TD Ameritrade Holding Corporation (AMTD) traded up 1.00% during midday trading on Friday, reaching $45.25. The company’s stock had a trading volume of 3,208,990 shares. TD Ameritrade Holding Corporation has a one year low of $31.95 and a one year high of $47.41. The firm has a market cap of $23.90 billion, a P/E ratio of 28.28 and a beta of 1.48. The firm has a 50 day moving average price of $43.85 and a 200 day moving average price of $40.99.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The firm had revenue of $931.00 million during the quarter, compared to the consensus estimate of $897.98 million. During the same quarter last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts forecast that TD Ameritrade Holding Corporation will post $1.69 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the company. Valley National Advisers Inc. increased its position in shares of TD Ameritrade Holding Corporation by 6.1% during the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock worth $126,000 after acquiring 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% during the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 904 shares during the period. Van ECK Associates Corp increased its position in shares of TD Ameritrade Holding Corporation by 7.3% during the first quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 247 shares during the period. Federated Investors Inc. PA increased its position in shares of TD Ameritrade Holding Corporation by 5.1% during the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 198 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of TD Ameritrade Holding Corporation by 27.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 1,008 shares during the period. 93.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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