Morgan Stanley restated their equal weight rating on shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) in a report issued on Tuesday morning. Morgan Stanley currently has a $43.00 target price on the financial services provider’s stock, up from their prior target price of $40.00.

Several other equities analysts also recently issued reports on AMTD. Instinet reissued a buy rating and issued a $49.00 target price (down from $50.00) on shares of TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. Keefe, Bruyette & Woods reissued a hold rating and issued a $44.50 target price on shares of TD Ameritrade Holding Corporation in a research report on Friday, July 14th. SunTrust Banks, Inc. reissued a buy rating and issued a $50.00 target price (up from $46.00) on shares of TD Ameritrade Holding Corporation in a research report on Wednesday, July 19th. Nomura cut their target price on 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. Finally, Rosenblatt Securities assumed coverage on TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. They issued a buy rating and a $50.00 target price on the stock. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $44.47.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded down 0.07% during trading on Tuesday, hitting $45.75. The stock had a trading volume of 1,731,989 shares. The company’s 50 day moving average is $43.53 and its 200 day moving average is $41.16. The firm has a market cap of $24.16 billion, a PE ratio of 28.59 and a beta of 1.47. TD Ameritrade Holding Corporation has a 52-week low of $29.37 and a 52-week high of $47.41.

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. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The firm had revenue of $931 million for the quarter, compared to the consensus estimate of $897.98 million. During the same period in the prior year, the firm earned $0.45 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “TD Ameritrade Holding Corporation (NASDAQ:AMTD) Given Equal Weight Rating at Morgan Stanley” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/td-ameritrade-holding-corporation-nasdaqamtd-given-equal-weight-rating-at-morgan-stanley/1461768.html.

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

In other news, Director Joseph H. Moglia sold 10,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $40.45, for a total transaction of $404,500.00. Following the sale, the director now directly owns 170,000 shares of the company’s stock, valued at approximately $6,876,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Several large investors have recently bought and sold shares of AMTD. Valley National Advisers Inc. raised 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 valued at $126,000 after buying an additional 188 shares during the last quarter. Global X Management Co. LLC raised 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 last quarter. Van ECK Associates Corp raised 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 last quarter. Bronfman E.L. Rothschild L.P. raised 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 last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in TD Ameritrade Holding Corporation during the first quarter valued at about $211,000. 90.75% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Ratings for TD Ameritrade Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade Holding Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.