Citigroup Inc. restated their neutral rating on shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) in a research report report published on Tuesday, MarketBeat.com reports. They currently have a $50.00 price target on the financial services provider’s stock.

A number of other brokerages have also issued reports on AMTD. Zacks Investment Research raised TD Ameritrade Holding Corporation from a hold rating to a strong-buy rating and set a $56.00 price target for the company in a research note on Tuesday, October 3rd. BidaskClub raised TD Ameritrade Holding Corporation from a buy rating to a strong-buy rating in a research note on Thursday, June 29th. SunTrust Banks, Inc. reaffirmed a buy rating and set a $50.00 price target (up from $46.00) on shares of TD Ameritrade Holding Corporation in a research note on Wednesday, July 19th. Morgan Stanley reissued an equal weight rating and set a $43.00 price objective (up from $40.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $53.00 price objective on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, October 3rd. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. TD Ameritrade Holding Corporation currently has an average rating of Buy and an average target price of $48.79.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded down 1.64% during mid-day trading on Tuesday, reaching $47.31. The company’s stock had a trading volume of 1,794,606 shares. The firm has a market capitalization of $24.99 billion, a P/E ratio of 29.57 and a beta of 1.55. TD Ameritrade Holding Corporation has a 52 week low of $33.26 and a 52 week high of $50.72. The firm’s 50 day moving average price is $46.00 and its 200 day moving average price is $42.23.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $931.00 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%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. On average, analysts anticipate 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, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average price of $36.12 per share, with a total value of $399,999,995.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was 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 of the company’s stock, valued at approximately $6,922,300. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Crow Point Partners LLC acquired a new stake in shares of TD Ameritrade Holding Corporation in the third quarter worth $102,000. Public Employees Retirement System of Ohio boosted its position 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 in the second quarter worth $2,317,000. The Manufacturers Life Insurance Company boosted its position 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. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of TD Ameritrade Holding Corporation in the second quarter worth $413,000. 93.54% of the stock is owned by institutional investors and hedge funds.

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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