TD Ameritrade Holding Corp. (NASDAQ:AMTD) gapped up prior to trading on Friday . The stock had previously closed at $30.12, but opened at $30.17. TD Ameritrade Holding Corp. shares last traded at $30.41, with a volume of 1,584,210 shares traded.

A number of brokerages have recently issued reports on AMTD. Deutsche Bank AG boosted their price objective on shares of TD Ameritrade Holding Corp. from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, May 27th. Piper Jaffray Cos. boosted their price objective on shares of TD Ameritrade Holding Corp. from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, April 20th. Jefferies Group cut their price objective on shares of TD Ameritrade Holding Corp. from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, July 7th. Citigroup Inc. boosted their price objective on shares of TD Ameritrade Holding Corp. from $28.00 to $31.50 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Barclays PLC cut their price objective on shares of TD Ameritrade Holding Corp. from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, July 7th. Thirteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $34.99.

The firm has a market cap of $16.12 billion and a PE ratio of 18.70. The stock’s 50 day moving average is $29.29 and its 200 day moving average is $29.80.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last issued its earnings results on Tuesday, July 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The business had revenue of $838 million for the quarter, compared to analysts’ expectations of $829.63 million. On average, equities analysts anticipate that TD Ameritrade Holding Corp. will post $1.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, August 4th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 2nd. This represents a $0.68 annualized dividend and a dividend yield of 2.23%.

In related news, CEO Fredric J. Tomczyk sold 40,000 shares of the firm’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $32.63, for a total transaction of $1,305,200.00. Following the completion of the transaction, the chief executive officer now owns 787,710 shares of the company’s stock, valued at $25,702,977.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Fredric J. Tomczyk sold 10,000 shares of the firm’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $31.28, for a total transaction of $312,800.00. Following the transaction, the chief executive officer now directly owns 757,710 shares of the company’s stock, valued at approximately $23,701,168.80. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of 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 during the period. ProShare Advisors LLC raised 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. PNC Financial Services Group Inc. raised its stake in TD Ameritrade Holding Corp. by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 50,297 shares of the company’s stock valued at $1,745,000 after buying an additional 2,893 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in TD Ameritrade Holding Corp. during the fourth quarter valued at approximately $1,933,000. Finally, State of Tennessee Treasury Department purchased a new stake in TD Ameritrade Holding Corp. during the fourth quarter valued at approximately $1,972,000.

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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