Zacks Investment Research lowered shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) from a buy rating to a hold rating in a report published on Thursday.

According to Zacks, “Shares of TD Ameritrade have outperformed the industry in the past year. Yet, the company’s earnings surprise history is not that impressive. It surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. We remain cautious of the elevated costs, which are likely to weigh on the financials. However, the company recorded a rise in average client trades per day in the fiscal third quarter with the trend continuing in the first month of the current quarter, indicating trading activity improvement. Further, its deal to acquire Scottrade is likely to be accretive to earnings per share (EPS) in double digits. Also, TD Ameritrade’s steady capital deployment activities are encouraging.”

Other research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reiterated a hold rating and issued a $44.50 price objective on shares of TD Ameritrade Holding Corporation in a research note on Friday, July 14th. Morgan Stanley reiterated an equal weight rating and issued a $43.00 price objective (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, July 25th. BidaskClub lowered shares of TD Ameritrade Holding Corporation from a hold rating to a sell rating in a research note on Friday, August 18th. Jefferies Group LLC upped their price objective on shares of TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the company a hold rating in a research note on Monday, June 19th. Finally, Nomura dropped their price objective on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a buy rating on the stock in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $44.33.

Shares of TD Ameritrade Holding Corporation (AMTD) traded up 0.23% during trading on Thursday, hitting $43.42. 1,158,686 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $44.55 and its 200 day moving average is $40.97. The firm has a market capitalization of $22.93 billion, a PE ratio of 27.14 and a beta of 1.49. TD Ameritrade Holding Corporation has a 1-year low of $31.65 and a 1-year high of $47.41.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. On average, equities research analysts forecast that TD Ameritrade Holding Corporation will post $1.68 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Friday, July 28th. TD Ameritrade Holding Corporation’s dividend payout ratio is currently 45.00%.

In related news, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $6,876,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of TD Ameritrade Holding Corporation by 26,316.9% during the 2nd 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 during the period. BlackRock Inc. boosted its holdings in shares of TD Ameritrade Holding Corporation by 1,374.1% during the 1st 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 during the period. RPTC Inc. bought a new stake in shares of TD Ameritrade Holding Corporation during the 2nd quarter worth $402,937,000. FMR LLC boosted its holdings in shares of TD Ameritrade Holding Corporation by 103.8% during the 2nd 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 during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of TD Ameritrade Holding Corporation by 131.9% during the 1st 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 during the period. 93.55% of the stock is owned by institutional investors and hedge funds.

About TD Ameritrade Holding Corporation

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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Analyst Recommendations for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

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