TD Ameritrade Holding Corporation (AMTD) Upgraded to “Buy” by BidaskClub

TD Ameritrade Holding Corporation (NASDAQ:AMTD) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.

AMTD has been the subject of several other research reports. Zacks Investment Research cut shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $50.00 price objective (up previously from $46.00) on shares of TD Ameritrade Holding Corporation in a research note on Wednesday, July 19th. Instinet reiterated a “buy” rating and issued a $49.00 price objective (down previously from $50.00) on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. Nomura reduced their price objective on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Finally, Rosenblatt Securities started coverage on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $50.00 price objective for the company. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $44.93.

TD Ameritrade Holding Corporation (AMTD) traded up 0.24% during mid-day trading on Friday, hitting $46.78. 1,560,984 shares of the stock were exchanged. TD Ameritrade Holding Corporation has a one year low of $31.95 and a one year high of $47.41. The company has a 50-day moving average price of $43.85 and a 200-day moving average price of $41.09. The company has a market cap of $24.71 billion, a P/E ratio of 29.24 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The firm had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $897.98 million. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts forecast that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current fiscal year.

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In other news, Director Joseph H. Moglia sold 15,000 shares of TD Ameritrade Holding Corporation stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the completion of the sale, the director now directly owns 155,000 shares in the company, valued at $6,922,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of the stock in a transaction dated Monday, September 18th. The shares were purchased at an average price of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. Insiders own 0.42% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AMTD. Janus Henderson Group PLC grew its holdings in shares of TD Ameritrade Holding Corporation by 26,316.9% during the second 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. grew its holdings in shares of TD Ameritrade Holding Corporation by 1,374.1% during the first 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 shares of TD Ameritrade Holding Corporation during the second quarter worth about $402,937,000. FMR LLC grew its holdings in shares of TD Ameritrade Holding Corporation by 103.8% during the second 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, Wellington Management Group LLP grew its holdings in shares of TD Ameritrade Holding Corporation by 131.9% during the first quarter. Wellington Management Group LLP now owns 7,936,910 shares of the financial services provider’s stock worth $308,428,000 after buying an additional 4,514,083 shares in the last quarter. Institutional investors and hedge funds own 93.52% 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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