Jefferies Group LLC reiterated their hold rating on shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) in a research note published on Friday morning. Jefferies Group LLC currently has a $46.00 target price on the financial services provider’s stock. Jefferies Group also issued estimates for TD Ameritrade Holding Corporation’s Q4 2017 earnings at $0.47 EPS, FY2017 earnings at $1.72 EPS, Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.13 EPS and FY2019 earnings at $2.78 EPS.

Several other equities research analysts have also recently commented on AMTD. BidaskClub upgraded TD Ameritrade Holding Corporation from a buy rating to a strong-buy rating in a research note on Thursday, June 29th. 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 research note on Wednesday, July 12th. Rosenblatt Securities initiated coverage on TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. They issued a buy rating and a $50.00 target price on the stock. 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 note on Thursday, July 13th. 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 research note on Thursday, July 13th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $46.07.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded down 3.50% during trading on Friday, reaching $48.32. 6,923,228 shares of the company traded hands. The stock’s 50 day moving average price is $45.27 and its 200-day moving average price is $41.86. The stock has a market cap of $25.52 billion, a P/E ratio of 30.20 and a beta of 1.55. TD Ameritrade Holding Corporation has a 12 month low of $33.26 and a 12 month high of $50.72.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $931.00 million during the quarter, compared to analyst estimates of $897.98 million. During the same period in the previous year, the firm earned $0.45 EPS. TD Ameritrade Holding Corporation’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts expect that TD Ameritrade Holding Corporation will post $1.69 EPS for the current fiscal year.

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In other news, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $44.66, for a total transaction of $669,900.00. Following the sale, the director now owns 155,000 shares in the company, valued at approximately $6,922,300. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were bought at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in TD Ameritrade Holding Corporation by 26,316.9% in the 2nd quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock valued at $877,208,000 after acquiring an additional 20,327,705 shares during the period. Janus Capital Management LLC raised its stake in TD Ameritrade Holding Corporation by 14.6% in the 1st quarter. Janus Capital Management LLC now owns 20,330,486 shares of the financial services provider’s stock valued at $790,037,000 after acquiring an additional 2,582,698 shares during the period. BlackRock Inc. raised its stake in TD Ameritrade Holding Corporation by 1,374.1% in the 1st quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock valued at $525,933,000 after acquiring an additional 12,615,921 shares during the period. Vanguard Group Inc. raised its stake in TD Ameritrade Holding Corporation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 13,265,664 shares of the financial services provider’s stock valued at $570,291,000 after acquiring an additional 408,837 shares during the period. Finally, FMR LLC raised its stake in TD Ameritrade Holding Corporation by 103.8% in the 2nd quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock valued at $450,351,000 after acquiring an additional 5,336,529 shares during the period. Institutional investors and hedge funds own 93.54% 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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