TD Ameritrade Holding Corporation (NASDAQ:AMTD) had its price target hoisted by equities researchers at Morgan Stanley from $43.00 to $47.00 in a report released on Thursday. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective points to a potential downside of 6.13% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. BidaskClub cut TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Nomura decreased their price target on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Zacks Investment Research upgraded TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, July 12th. Instinet restated a “buy” rating and issued a $49.00 price target (down previously from $50.00) on shares of TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. Finally, Rosenblatt Securities began coverage on TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. They issued a “buy” rating and a $50.00 price target on the stock. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.20.

TD Ameritrade Holding Corporation (NASDAQ AMTD) traded up 1.23% during midday trading on Thursday, reaching $50.07. 1,301,279 shares of the company’s stock were exchanged. TD Ameritrade Holding Corporation has a 12 month low of $33.26 and a 12 month high of $50.33. The company has a market cap of $26.44 billion, a P/E ratio of 31.29 and a beta of 1.55. The company has a 50 day moving average price of $44.91 and a 200 day moving average price of $41.74.

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 consensus estimate of $0.41 by $0.03. The firm had revenue of $931.00 million for the quarter, compared to analysts’ expectations of $897.98 million. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. On average, equities analysts anticipate that TD Ameritrade Holding Corporation will post $1.69 EPS for the current year.

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

Several hedge funds have recently made changes to their positions in the company. World Asset Management Inc boosted its stake in shares of TD Ameritrade Holding Corporation by 0.6% during the second quarter. World Asset Management Inc now owns 11,627 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 66 shares in the last quarter. Valley National Advisers Inc. boosted its stake 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 valued at $126,000 after purchasing an additional 188 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 3.3% during the first quarter. Pacer Advisors Inc. now owns 6,061 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 192 shares in the last quarter. Federated Investors Inc. PA boosted its stake 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 valued at $174,000 after purchasing an additional 198 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of TD Ameritrade Holding Corporation by 3.0% during the second quarter. Capstone Asset Management Co. now owns 7,307 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 210 shares in the last quarter. 93.54% of the stock is currently owned by hedge funds and other institutional investors.

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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