The TD Ameritrade Holding Corp. (AMTD) Given Consensus Recommendation of “Hold” by Analysts

The TD Ameritrade Holding Corp. (AMTD) Given Consensus Recommendation of “Hold” by Analysts

TD Ameritrade Holding Corp. (NASDAQ:AMTD) has been given a consensus recommendation of “Hold” by the eighteen analysts that are presently covering the company. Ten investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $39.57.

Several research analysts have issued reports on AMTD shares. Instinet raised TD Ameritrade Holding Corp. from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Friday, January 6th. Jefferies Group reaffirmed a “hold” rating and issued a $47.00 price target on shares of TD Ameritrade Holding Corp. in a report on Sunday, January 8th. SunTrust Banks Inc. reaffirmed a “buy” rating and issued a $42.00 price target (up previously from $38.00) on shares of TD Ameritrade Holding Corp. in a report on Tuesday, October 25th. Zacks Investment Research cut TD Ameritrade Holding Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 27th. Finally, Morgan Stanley started coverage on TD Ameritrade Holding Corp. in a report on Monday, September 26th. They issued an “equal weight” rating and a $34.00 price target on the stock.

In other TD Ameritrade Holding Corp. news, Director Brian M. Levitt acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The stock was purchased at an average cost of $33.87 per share, for a total transaction of $169,350.00. Following the completion of the acquisition, the director now owns 6,509 shares of the company’s stock, valued at approximately $220,459.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of TD Ameritrade Holding Corp. by 3.1% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,600 shares of the company’s stock worth $188,000 after buying an additional 200 shares in the last quarter. Profund Advisors LLC boosted its stake in TD Ameritrade Holding Corp. by 0.5% in the third quarter. Profund Advisors LLC now owns 52,256 shares of the company’s stock worth $1,842,000 after buying an additional 237 shares during the period. Sei Investments Co. boosted its stake in TD Ameritrade Holding Corp. by 0.7% in the third quarter. Sei Investments Co. now owns 47,459 shares of the company’s stock worth $1,673,000 after buying an additional 332 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in TD Ameritrade Holding Corp. by 1.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 31,694 shares of the company’s stock worth $1,117,000 after buying an additional 350 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in TD Ameritrade Holding Corp. by 10.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,393 shares of the company’s stock worth $126,000 after buying an additional 409 shares during the period. Hedge funds and other institutional investors own 88.92% of the company’s stock.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at 46.65 on Thursday. The stock has a market capitalization of $24.54 billion, a PE ratio of 29.53 and a beta of 1.60. TD Ameritrade Holding Corp. has a 12-month low of $24.88 and a 12-month high of $47.41. The stock’s 50 day moving average is $44.28 and its 200 day moving average is $35.92.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last released its earnings results on Wednesday, January 18th. The company reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The firm earned $859 million during the quarter, compared to the consensus estimate of $860.12 million. TD Ameritrade Holding Corp. had a return on equity of 16.31% and a net margin of 25.32%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. Analysts forecast that TD Ameritrade Holding Corp. will post $1.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.54%. TD Ameritrade Holding Corp.’s dividend payout ratio is presently 45.86%.

TD Ameritrade Holding Corp. 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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