TD Ameritrade Holding Corporation (NASDAQ:AMTD)‘s stock had its “neutral” rating restated by research analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $53.00 target price on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price indicates a potential upside of 6.90% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.50 price objective on shares of TD Ameritrade Holding Corporation in a research report on Friday, July 14th. Morgan Stanley reiterated an “equal weight” rating and set a $43.00 target price (up from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. BidaskClub lowered TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Jefferies Group LLC boosted their target price on TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, June 19th. Finally, Nomura decreased their target price on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $45.93.

TD Ameritrade Holding Corporation (AMTD) traded up 1.08% during mid-day trading on Tuesday, hitting $49.58. The stock had a trading volume of 1,376,402 shares. TD Ameritrade Holding Corporation has a 1-year low of $33.26 and a 1-year high of $49.59. The company has a 50-day moving average price of $44.59 and a 200 day moving average price of $41.62. The company has a market cap of $26.19 billion, a P/E ratio of 30.99 and a beta of 1.55.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its earnings results 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. The company had revenue of $931.00 million for the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. Equities research analysts forecast that TD Ameritrade Holding Corporation will post $1.69 EPS for the current fiscal year.

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In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the sale, the director now directly owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of the business’s stock in a transaction on Monday, September 18th. The shares were acquired at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in shares of TD Ameritrade Holding Corporation by 26,316.9% in the 2nd quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock valued at $877,208,000 after acquiring an additional 20,327,705 shares in the last quarter. BlackRock Inc. increased its position in shares of TD Ameritrade Holding Corporation by 1,374.1% in the first quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock valued at $525,933,000 after acquiring an additional 12,615,921 shares during the last quarter. RPTC Inc. acquired a new stake in shares of TD Ameritrade Holding Corporation in the second quarter valued at about $402,937,000. FMR LLC increased its position in shares of TD Ameritrade Holding Corporation by 103.8% in the second quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock valued at $450,351,000 after acquiring an additional 5,336,529 shares during the last quarter. Finally, BT Investment Management Ltd acquired a new stake in shares of TD Ameritrade Holding Corporation in the second quarter valued at about $148,207,000. Institutional investors own 93.54% 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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