TD Ameritrade Holding Corporation (NASDAQ:AMTD) had its price objective boosted by Morgan Stanley from $43.00 to $47.00 in a report released on Thursday. The firm currently has an equal weight rating on the financial services provider’s stock.

AMTD has been the topic of several other research reports. Zacks Investment Research lowered shares of TD Ameritrade Holding Corporation from a buy rating to a hold rating in a report on Thursday, August 31st. SunTrust Banks, Inc. restated a buy rating and issued a $50.00 target price (up previously from $46.00) on shares of TD Ameritrade Holding Corporation in a report on Wednesday, July 19th. BidaskClub lowered shares of TD Ameritrade Holding Corporation from a strong-buy rating to a buy rating in a report on Friday, July 28th. Finally, Instinet restated a buy rating and issued a $49.00 target price (down previously from $50.00) on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. TD Ameritrade Holding Corporation currently has an average rating of Buy and a consensus price target of $46.07.

TD Ameritrade Holding Corporation (AMTD) traded down 3.50% during mid-day trading on Thursday, hitting $48.32. 6,923,228 shares of the company were exchanged. TD Ameritrade Holding Corporation has a 12-month low of $33.26 and a 12-month high of $50.72. The company’s 50-day moving average is $45.10 and its 200 day moving average is $41.80. The company has a market capitalization of $25.52 billion, a P/E ratio of 30.20 and a beta of 1.55.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The business 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%. TD Ameritrade Holding Corporation’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. Analysts expect that TD Ameritrade Holding Corporation will post $1.69 EPS for the current year.

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In other news, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of TD Ameritrade Holding Corporation stock in a transaction on Monday, September 18th. The stock was acquired at an average cost of $36.12 per share, with a total value of $399,999,995.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $44.66, for a total transaction 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 $6,922,300. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. World Asset Management Inc grew its position in TD Ameritrade Holding Corporation by 0.6% in the 2nd quarter. World Asset Management Inc now owns 11,627 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 66 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of TD Ameritrade Holding Corporation by 6.1% during the 1st quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 188 shares during the period. Pacer Advisors Inc. grew its position in shares of TD Ameritrade Holding Corporation by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 6,061 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 192 shares during the period. Federated Investors Inc. PA grew its position in shares of TD Ameritrade Holding Corporation by 5.1% during the 2nd 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 period. Finally, Capstone Asset Management Co. grew its position in shares of TD Ameritrade Holding Corporation by 3.0% during the 2nd 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 period. 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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