BidaskClub downgraded shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.

AMTD has been the topic of a number of other research reports. Nomura reduced their target price on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a buy rating on the stock in a report on Thursday, July 13th. SunTrust Banks, Inc. reiterated a buy rating and set a $46.00 target price (down previously from $48.00) on shares of TD Ameritrade Holding Corporation in a report on Saturday, April 22nd. Instinet reiterated a buy rating and set a $49.00 target price (up previously from $48.00) on shares of TD Ameritrade Holding Corporation in a report on Friday, April 14th. Credit Suisse Group reiterated a buy rating and set a $48.00 target price on shares of TD Ameritrade Holding Corporation in a report on Thursday, April 13th. Finally, Zacks Investment Research upgraded TD Ameritrade Holding Corporation from a hold rating to a buy rating and set a $50.00 target price on the stock in a report on Wednesday, July 12th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. TD Ameritrade Holding Corporation presently has a consensus rating of Buy and a consensus price target of $44.47.

Shares of TD Ameritrade Holding Corporation (NASDAQ AMTD) traded up 0.33% during midday trading on Friday, reaching $45.88. The company’s stock had a trading volume of 228,523 shares. TD Ameritrade Holding Corporation has a 52-week low of $29.37 and a 52-week high of $47.41. The stock has a market cap of $24.22 billion, a price-to-earnings ratio of 28.68 and a beta of 1.47. The stock has a 50-day moving average price of $43.70 and a 200-day moving average price of $41.07.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $931 million during the quarter, compared to analyst estimates of $897.98 million. During the same quarter in the prior year, the company posted $0.45 EPS. TD Ameritrade Holding Corporation’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.18 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.72 annualized dividend and a dividend yield of 1.57%. TD Ameritrade Holding Corporation’s payout ratio is currently 45.00%.

In related news, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $40.45, for a total value of $404,500.00. Following the sale, the director now owns 170,000 shares in the company, valued at approximately $6,876,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.42% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake 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 buying an additional 12,615,921 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of TD Ameritrade Holding Corporation by 131.9% in the first quarter. Wellington Management Group LLP now owns 7,936,910 shares of the financial services provider’s stock valued at $308,428,000 after buying an additional 4,514,083 shares in the last quarter. FMR LLC increased its stake in shares of TD Ameritrade Holding Corporation by 719.4% in the first quarter. FMR LLC now owns 5,139,189 shares of the financial services provider’s stock valued at $199,709,000 after buying an additional 4,511,989 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of TD Ameritrade Holding Corporation by 14.6% in the first quarter. Janus Capital Management LLC now owns 20,330,486 shares of the financial services provider’s stock valued at $790,037,000 after buying an additional 2,582,698 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in shares of TD Ameritrade Holding Corporation by 119.5% in the first quarter. Westpac Banking Corp now owns 3,271,459 shares of the financial services provider’s stock valued at $135,516,000 after buying an additional 1,780,920 shares in the last quarter. Institutional investors and hedge funds own 90.89% of the company’s stock.

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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