Bank of America Corp. upgraded shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) from a neutral rating to a buy rating in a research report released on Thursday. The brokerage currently has $43.00 price objective on the stock.

AMTD has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of TD Ameritrade Holding Corp. from a sell rating to a hold rating in a report on Tuesday, July 5th. Deutsche Bank AG reduced their target price on shares of TD Ameritrade Holding Corp. from $35.00 to $34.00 and set a buy rating for the company in a research note on Thursday, June 16th. Credit Agricole SA lifted their target price on shares of TD Ameritrade Holding Corp. from $34.00 to $37.00 and gave the stock an outperform rating in a research note on Thursday, September 22nd. SunTrust Banks Inc. set a $37.00 target price on shares of TD Ameritrade Holding Corp. and gave the stock a buy rating in a research note on Friday, September 30th. Finally, Nomura reiterated a hold rating on shares of TD Ameritrade Holding Corp. in a research note on Tuesday, July 12th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $35.84.

Analyst Recommendations for TD Ameritrade Holding Corp. (NASDAQ:AMTD)

Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded up 0.81% during trading on Thursday, reaching $35.98. 745,115 shares of the company traded hands. The firm’s 50-day moving average is $33.60 and its 200-day moving average is $31.12. The stock has a market capitalization of $18.94 billion, a PE ratio of 22.07 and a beta of 1.50. TD Ameritrade Holding Corp. has a 12-month low of $24.88 and a 12-month high of $37.90.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. TD Ameritrade Holding Corp. had a net margin of 26.24% and a return on equity of 17.06%. The business earned $838 million during the quarter, compared to the consensus estimate of $829.63 million. On average, equities analysts predict that TD Ameritrade Holding Corp. will post $1.59 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in TD Ameritrade Holding Corp. during the second quarter worth $108,000. Mizuho Asset Management Co. Ltd. increased its stake in TD Ameritrade Holding Corp. by 144.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,266 shares of the company’s stock worth $121,000 after buying an additional 2,523 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased 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 in the last quarter. Societe Generale acquired a new stake in TD Ameritrade Holding Corp. during the second quarter worth $150,000. Finally, Pacer Advisors Inc. increased its stake in TD Ameritrade Holding Corp. by 9.0% in the second quarter. Pacer Advisors Inc. now owns 5,933 shares of the company’s stock worth $169,000 after buying an additional 492 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:AMTD

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