TD Ameritrade Holding Corporation (NASDAQ:AMTD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “TD Ameritrade has outperformed the industry in the past year. The company’s third-quarter fiscal 2017 results surpassed the Zacks Consensus Estimate. Results reflected increased revenues and eased margin pressure.  The company recorded a rise in average client trades per day in the fiscal third quarter with the trend continuing in the first month of the current quarter, indicating trading activity improvement. Further, its deal to acquire Scottrade is likely to be accretive to earnings per share (EPS) in double digits. Though we remain cautious of the elevated costs, which are likely to weigh on the financials, TD Ameritrade’s steady capital deployment activities are encouraging.”

AMTD has been the topic of several other research reports. BidaskClub cut shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Nomura lowered their price target on shares of 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. SunTrust Banks, Inc. reissued a “buy” rating and set a $46.00 price target (down previously from $48.00) on shares of TD Ameritrade Holding Corporation in a research report on Saturday, April 22nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $39.00 target price on shares of TD Ameritrade Holding Corporation in a research report on Saturday, April 22nd. Finally, Wells Fargo & Company raised shares of TD Ameritrade Holding Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, May 15th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $44.47.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up 1.35% on Monday, reaching $44.41. 1,133,707 shares of the company’s stock traded hands. TD Ameritrade Holding Corporation has a one year low of $30.32 and a one year high of $47.41. The firm has a market cap of $23.45 billion, a P/E ratio of 27.76 and a beta of 1.48. The company’s 50-day moving average price is $44.75 and its 200 day moving average price is $41.08.

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 consensus estimate of $0.41 by $0.03. The firm had revenue of $931 million for the quarter, compared to analysts’ expectations of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. On average, equities analysts forecast that TD Ameritrade Holding Corporation will post $1.68 EPS for the current fiscal year.

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In other news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 170,000 shares in the company, valued at $6,876,500. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.42% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Valley National Advisers Inc. boosted its stake in TD Ameritrade Holding Corporation by 6.1% in the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock worth $126,000 after buying an additional 188 shares in the last quarter. Global X Management Co. LLC boosted its stake in TD Ameritrade Holding Corporation by 37.9% in the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock valued at $128,000 after buying an additional 904 shares during the period. Van ECK Associates Corp boosted its stake in TD Ameritrade Holding Corporation by 7.3% in the first quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock valued at $140,000 after buying an additional 247 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in TD Ameritrade Holding Corporation by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock valued at $171,000 after buying an additional 44 shares during the period. Finally, Federated Investors Inc. PA boosted its stake in TD Ameritrade Holding Corporation by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after buying an additional 198 shares during the period. Hedge funds and other institutional investors own 90.40% 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.

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Analyst Recommendations for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

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