Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) have been assigned an average recommendation of “Buy” from the nineteen ratings firms that are covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $47.57.
Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $44.50 price objective on shares of TD Ameritrade Holding Corporation in a report on Friday, July 14th. Citigroup Inc. reissued a “neutral” rating and issued a $50.00 price objective on shares of TD Ameritrade Holding Corporation in a report on Tuesday. Morgan Stanley reissued an “equal weight” rating and issued a $43.00 price objective (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. BidaskClub cut TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Jefferies Group LLC boosted their price objective on TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the company a “hold” rating in a report on Monday, June 19th.
Shares of TD Ameritrade Holding Corporation (AMTD) traded down 1.50% during mid-day trading on Friday, reaching $47.91. The company’s stock had a trading volume of 2,208,372 shares. The firm’s 50-day moving average price is $45.60 and its 200 day moving average price is $42.07. TD Ameritrade Holding Corporation has a 12-month low of $33.26 and a 12-month high of $50.72. The firm has a market cap of $25.30 billion, a P/E ratio of 29.94 and a beta of 1.55.
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. The business had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $897.98 million. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, analysts expect that TD Ameritrade Holding Corporation will post $1.69 EPS for the current year.
In other news, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the business’s stock in a transaction 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 legal filing with the SEC, which is available at this link. Also, Director Joseph H. Moglia sold 15,000 shares of the business’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 value of $669,900.00. Following the sale, 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. Corporate insiders own 0.42% of the company’s stock.
A number of large investors have recently bought and sold shares of AMTD. Janus Henderson Group PLC increased its stake in TD Ameritrade Holding Corporation by 26,316.9% during the 2nd quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock worth $877,208,000 after buying an additional 20,327,705 shares in the last quarter. BlackRock Inc. increased its stake in TD Ameritrade Holding Corporation by 1,374.1% during the 1st quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after buying an additional 12,615,921 shares in the last quarter. RPTC Inc. purchased a new stake in TD Ameritrade Holding Corporation during the 2nd quarter worth approximately $402,937,000. FMR LLC increased its stake in TD Ameritrade Holding Corporation by 103.8% during the 2nd quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock worth $450,351,000 after buying an additional 5,336,529 shares in the last quarter. Finally, BT Investment Management Ltd purchased a new stake in TD Ameritrade Holding Corporation during the 2nd quarter worth approximately $148,207,000. Institutional investors own 93.54% of the company’s stock.
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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.
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