Rosenblatt Securities began coverage on shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) in a report published on Thursday, July 13th, MarketBeat Ratings reports. The firm issued a buy rating and a $50.00 price objective on the financial services provider’s stock.

Several other equities research analysts have also weighed in on AMTD. Instinet reiterated a buy rating and set a $49.00 price objective (up previously from $48.00) on shares of TD Ameritrade Holding Corporation in a research note on Friday, April 14th. Credit Suisse Group reiterated a buy rating and set a $48.00 price objective on shares of TD Ameritrade Holding Corporation in a research note on Thursday, April 13th. Buckingham Research upgraded shares of TD Ameritrade Holding Corporation from a neutral rating to a buy rating in a research note on Thursday, April 6th. They noted that the move was a valuation call. SunTrust Banks, Inc. reiterated a buy rating and set a $46.00 price objective (down previously from $48.00) on shares of TD Ameritrade Holding Corporation in a research note on Saturday, April 22nd. Finally, Zacks Investment Research upgraded shares of TD Ameritrade Holding Corporation from a hold rating to a buy rating and set a $50.00 price objective on the stock in a research note on Wednesday, July 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $44.47.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 45.01 on Thursday. The stock has a 50 day moving average price of $44.23 and a 200-day moving average price of $41.15. TD Ameritrade Holding Corporation has a 52 week low of $30.32 and a 52 week high of $47.41. The stock has a market cap of $23.77 billion, a P/E ratio of 28.13 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $931 million for the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS. Equities analysts predict that TD Ameritrade Holding Corporation will post $1.69 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, July 28th. TD Ameritrade Holding Corporation’s payout ratio is 45.00%.

In related news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $40.45, for a total transaction of $404,500.00. Following the completion of the sale, the director now directly owns 170,000 shares in the company, valued at $6,876,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.42% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Valley National Advisers Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 6.1% in the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock worth $126,000 after buying an additional 188 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of TD Ameritrade Holding Corporation by 37.9% in the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock worth $128,000 after buying an additional 904 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of TD Ameritrade Holding Corporation by 7.3% in the first quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock worth $140,000 after buying an additional 247 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of TD Ameritrade Holding Corporation by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock worth $171,000 after buying an additional 44 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of TD Ameritrade Holding Corporation by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after buying an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 90.94% 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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