TD Ameritrade Holding Corporation (NASDAQ:AMTD)‘s stock had its “hold” rating reissued by equities researchers at Keefe, Bruyette & Woods in a report issued on Thursday. They presently have a $51.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 5.99% from the company’s current price.

Several other equities research analysts have also recently weighed in on AMTD. Jefferies Group LLC upped their price target on TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the company a “hold” rating in a research report on Monday, June 19th. BidaskClub upgraded TD Ameritrade Holding Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. 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. Rosenblatt Securities started coverage on TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $50.00 price target on the stock. Finally, 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. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.00.

TD Ameritrade Holding Corporation (AMTD) opened at 48.12 on Thursday. TD Ameritrade Holding Corporation has a 12-month low of $33.26 and a 12-month high of $50.72. The firm has a 50-day moving average of $45.75 and a 200 day moving average of $42.11. The company has a market capitalization of $25.41 billion, a price-to-earnings ratio of 30.07 and a beta of 1.55.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, beating 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 $931.00 million for the quarter, compared to analysts’ expectations of $897.98 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Analysts expect that TD Ameritrade Holding Corporation will post $1.70 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 stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the transaction, the director now directly owns 155,000 shares in the company, valued at $6,922,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of TD Ameritrade Holding Corporation stock in a transaction on Monday, September 18th. The shares were acquired at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. World Asset Management Inc grew its position in 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 acquiring an additional 66 shares during the last quarter. Federated Investors Inc. PA grew its position in 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 acquiring an additional 198 shares during the last quarter. Capstone Asset Management Co. grew its position in 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 acquiring an additional 210 shares during the last quarter. Van ECK Associates Corp grew its position in 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 valued at $140,000 after acquiring an additional 247 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in TD Ameritrade Holding Corporation by 1.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 31,122 shares of the financial services provider’s stock valued at $1,338,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds 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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