TD Ameritrade Holding Corp. (NASDAQ:AMTD) saw strong trading volume on Tuesday . 3,158,436 shares changed hands during trading, a decline of 10% from the previous session’s volume of 3,528,584 shares.The stock last traded at $26.89 and had previously closed at $27.98.

Several research firms have issued reports on AMTD. Zacks Investment Research upgraded TD Ameritrade Holding Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday. Bank of America Corp. lowered TD Ameritrade Holding Corp. from a “buy” rating to a “neutral” rating and cut their target price for the company from $34.00 to $29.00 in a research note on Tuesday, June 28th. Jefferies Group reiterated a “hold” rating and issued a $32.00 target price (down previously from $33.00) on shares of TD Ameritrade Holding Corp. in a research note on Monday, June 27th. Deutsche Bank AG cut their target price on TD Ameritrade Holding Corp. from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th. Finally, Piper Jaffray Cos. lifted their target price on TD Ameritrade Holding Corp. from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, April 20th. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.30.

The firm’s 50-day moving average is $30.15 and its 200 day moving average is $30.18. The company has a market capitalization of $14.52 billion and a P/E ratio of 17.84.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, April 19th. The company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $846 million for the quarter, compared to analyst estimates of $857.35 million. During the same period in the previous year, the business posted $0.35 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that TD Ameritrade Holding Corp. will post $1.55 EPS for the current year.

In other TD Ameritrade Holding Corp. news, CEO Fredric J. Tomczyk sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $32.39, for a total transaction of $1,619,500.00. Following the completion of the sale, the chief executive officer now directly owns 847,710 shares of the company’s stock, valued at approximately $27,457,326.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. Nally sold 31,253 shares of the stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $31.77, for a total value of $992,907.81. Following the sale, the executive vice president now directly owns 141,123 shares of the company’s stock, valued at $4,483,477.71. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in TD Ameritrade Holding Corp. by 1.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 328,896 shares of the company’s stock worth $11,416,000 after buying an additional 3,650 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in TD Ameritrade Holding Corp. by 6.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 39,219 shares of the company’s stock valued at $1,361,000 after buying an additional 2,236 shares in the last quarter. Baillie Gifford & Co. boosted its stake in TD Ameritrade Holding Corp. by 4.5% in the fourth quarter. Baillie Gifford & Co. now owns 22,021,106 shares of the company’s stock valued at $764,352,000 after buying an additional 947,965 shares in the last quarter. ProShare Advisors LLC boosted its stake in TD Ameritrade Holding Corp. by 3.5% in the fourth quarter. ProShare Advisors LLC now owns 44,128 shares of the company’s stock valued at $1,532,000 after buying an additional 1,498 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in TD Ameritrade Holding Corp. by 0.4% in the fourth quarter. Rhumbline Advisers now owns 274,498 shares of the company’s stock valued at $9,528,000 after buying an additional 1,147 shares in the last quarter.

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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