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 trading hands.

AMTD has been the topic of a number of research analyst reports. Compass Point lifted their target price on TD Ameritrade Holding Corp. from $26.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, March 28th. Bank of America Corp. downgraded TD Ameritrade Holding Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the company from $34.00 to $29.00 in a research report on Tuesday, June 28th. Zacks Investment Research downgraded TD Ameritrade Holding Corp. from a “hold” rating to a “sell” rating in a report on Monday, June 6th. Goldman Sachs Group Inc. cut their price objective on TD Ameritrade Holding Corp. from $35.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, April 19th. Finally, Jefferies Group reiterated a “hold” rating and issued a $32.00 price objective (down previously from $33.00) on shares of TD Ameritrade Holding Corp. in a report on Monday, June 27th. Thirteen analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. TD Ameritrade Holding Corp. has a consensus rating of “Hold” and a consensus target price of $35.16.

The stock has a 50-day moving average of $29.29 and a 200-day moving average of $29.80. The firm has a market capitalization of $16.12 billion and a price-to-earnings ratio of 18.70.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. The business had revenue of $838 million for the quarter, compared to analyst estimates of $829.63 million. Equities analysts predict that TD Ameritrade Holding Corp. will post $1.59 earnings per share for the current year.

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

In related news, CEO Fredric J. Tomczyk sold 10,000 shares of the stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $31.28, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Fredric J. Tomczyk sold 50,000 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $32.39, for a total value of $1,619,500.00. Following the completion of the transaction, the chief executive officer now directly owns 847,710 shares in the company, valued at $27,457,326.90. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of AMTD. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised 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 position in shares of 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 during the period. PNC Financial Services Group Inc. raised its position in shares of 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 during the period. Quantitative Investment Management LLC purchased a new position in shares of TD Ameritrade Holding Corp. during the fourth quarter valued at $1,933,000. Finally, State of Tennessee Treasury Department purchased a new position in shares of TD Ameritrade Holding Corp. during the fourth quarter valued at $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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