TD Ameritrade Holding Corp. (NASDAQ:AMTD) had its target price hoisted by Jefferies Group to $38.00 in a research report sent to investors on Monday morning. They currently have a hold rating on the stock.

A number of other brokerages also recently issued reports on AMTD. SunTrust Banks Inc. reissued a buy rating and issued a $42.00 price target (up from $38.00) on shares of TD Ameritrade Holding Corp. in a report on Tuesday, October 25th. Barclays PLC increased their price target on shares of TD Ameritrade Holding Corp. from $30.00 to $32.00 and gave the stock an equal weight rating in a report on Tuesday, August 9th. Deutsche Bank AG increased their price target on shares of TD Ameritrade Holding Corp. from $33.00 to $34.00 and gave the stock a hold rating in a report on Friday, September 9th. Zacks Investment Research downgraded shares of 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 shares of 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $36.43.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded down 0.10% during midday trading on Monday, reaching $39.84. 415,277 shares of the company’s stock were exchanged. TD Ameritrade Holding Corp. has a 12 month low of $24.88 and a 12 month high of $40.09. The firm has a 50 day moving average of $35.84 and a 200-day moving average of $32.07. The stock has a market cap of $20.96 billion, a PE ratio of 25.22 and a beta of 1.54.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last announced its quarterly earnings results on Monday, October 24th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.03. TD Ameritrade Holding Corp. had a return on equity of 16.31% and a net margin of 25.32%. The firm earned $829 million during the quarter, compared to analysts’ expectations of $838.27 million. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that TD Ameritrade Holding Corp. will post $1.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th will be issued a $0.18 dividend. The ex-dividend date is Friday, November 4th. This represents a $0.72 annualized dividend and a yield of 1.81%. This is a boost from TD Ameritrade Holding Corp.’s previous quarterly dividend of $0.17. TD Ameritrade Holding Corp.’s payout ratio is 45.86%.

In related news, Director Brian M. Levitt purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were acquired at an average price of $33.87 per share, for a total transaction of $169,350.00. Following the completion of the acquisition, the director now directly owns 6,509 shares in the company, valued at approximately $220,459.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in AMTD. Toronto Dominion Bank boosted its stake in TD Ameritrade Holding Corp. by 15,143,973.2% in the second quarter. Toronto Dominion Bank now owns 222,920,758 shares of the company’s stock valued at $6,348,783,000 after buying an additional 222,919,286 shares during the period. Vanguard Group Inc. raised its position in shares of TD Ameritrade Holding Corp. by 3.7% in the second quarter. Vanguard Group Inc. now owns 11,462,448 shares of the company’s stock valued at $326,394,000 after buying an additional 403,843 shares in the last quarter. Janus Capital Management LLC raised its position in shares of TD Ameritrade Holding Corp. by 10.8% in the second quarter. Janus Capital Management LLC now owns 11,148,678 shares of the company’s stock valued at $317,459,000 after buying an additional 1,089,452 shares in the last quarter. Boston Partners raised its position in shares of TD Ameritrade Holding Corp. by 7.5% in the third quarter. Boston Partners now owns 9,122,176 shares of the company’s stock valued at $321,466,000 after buying an additional 632,780 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of TD Ameritrade Holding Corp. by 6.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,937,070 shares of the company’s stock valued at $244,462,000 after buying an additional 400,563 shares in the last quarter. Institutional investors and hedge funds own 88.80% of the company’s stock.

About TD Ameritrade Holding Corp.

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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