TD Ameritrade Holding Corporation (NASDAQ:AMTD)‘s stock had its “neutral” rating reiterated by investment analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Tuesday. They currently have a $53.00 target price on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential upside of 7.16% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. BidaskClub cut TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Nomura lowered their price target on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating for the company in a 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 for the company in a report on Wednesday, July 12th. Instinet reiterated a “buy” rating and set a $49.00 price target (down from $50.00) on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. Finally, Rosenblatt Securities initiated coverage on TD Ameritrade Holding Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $50.00 price target for the company. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $45.93.

Shares of TD Ameritrade Holding Corporation (AMTD) opened at 49.46 on Tuesday. TD Ameritrade Holding Corporation has a 12 month low of $33.26 and a 12 month high of $49.60. The company has a market cap of $26.12 billion, a PE ratio of 30.91 and a beta of 1.55. The company has a 50-day moving average of $44.91 and a 200 day moving average of $41.74.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping 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 $931.00 million during the quarter, compared to the consensus estimate of $897.98 million. During the same period last year, the company earned $0.45 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts anticipate that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current year.

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In other news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the director now owns 155,000 shares of the company’s stock, valued at $6,922,300. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

A number of institutional investors have recently made changes to their positions in AMTD. UBS Asset Management Americas Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 11.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 725,859 shares of the financial services provider’s stock valued at $28,207,000 after buying an additional 76,305 shares during the period. Pacer Advisors Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 6,061 shares of the financial services provider’s stock valued at $236,000 after buying an additional 192 shares during the period. M&T Bank Corp boosted its stake in shares of TD Ameritrade Holding Corporation by 7.0% in the 1st quarter. M&T Bank Corp now owns 12,443 shares of the financial services provider’s stock valued at $483,000 after buying an additional 815 shares during the period. SG Americas Securities LLC boosted its stake in shares of TD Ameritrade Holding Corporation by 222.3% in the 1st quarter. SG Americas Securities LLC now owns 18,837 shares of the financial services provider’s stock valued at $732,000 after buying an additional 12,993 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 10.7% in the 1st quarter. Victory Capital Management Inc. now owns 23,734 shares of the financial services provider’s stock valued at $922,000 after buying an additional 2,303 shares during the period. Institutional investors 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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