SunTrust Banks, Inc. reaffirmed their buy rating on shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) in a research note released on Wednesday.

Other equities analysts also recently issued research reports about the stock. Buckingham Research raised shares of TD Ameritrade Holding Corporation from a neutral rating to a buy rating in a report on Thursday, April 6th. They noted that the move was a valuation call. Instinet reissued a buy rating and issued a $49.00 price objective (up previously from $48.00) on shares of TD Ameritrade Holding Corporation in a report on Friday, April 14th. Credit Suisse Group reissued a buy rating and issued a $48.00 price objective on shares of TD Ameritrade Holding Corporation in a report on Thursday, April 13th. Zacks Investment Research raised 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 report on Wednesday, July 12th. Finally, Rosenblatt Securities started coverage on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. They issued a buy rating and a $50.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $43.60.

TD Ameritrade Holding Corporation (AMTD) traded up 0.64% during mid-day trading on Wednesday, hitting $46.82. 1,671,192 shares of the company traded hands. The firm has a 50 day moving average of $41.82 and a 200 day moving average of $41.06. TD Ameritrade Holding Corporation has a one year low of $29.37 and a one year high of $47.41. The firm has a market capitalization of $24.72 billion, a P/E ratio of 29.08 and a beta of 1.47.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $931 million for the quarter, compared to the consensus estimate of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. Equities research analysts expect that TD Ameritrade Holding Corporation will post $1.67 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, July 28th. TD Ameritrade Holding Corporation’s payout ratio is currently 45.00%.

In other news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade Holding Corporation 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 sale, the director now owns 170,000 shares in the company, valued at $6,876,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.42% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Douglas Lane & Associates LLC boosted its stake in TD Ameritrade Holding Corporation by 3.3% in the second quarter. Douglas Lane & Associates LLC now owns 319,125 shares of the financial services provider’s stock valued at $13,719,000 after buying an additional 10,335 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in TD Ameritrade Holding Corporation by 9.9% in the second quarter. Assenagon Asset Management S.A. now owns 33,332 shares of the financial services provider’s stock valued at $1,433,000 after buying an additional 2,999 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in TD Ameritrade Holding Corporation by 1.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 31,122 shares of the financial services provider’s stock valued at $1,338,000 after buying an additional 400 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in TD Ameritrade Holding Corporation by 510.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 42,822 shares of the financial services provider’s stock valued at $1,841,000 after buying an additional 35,807 shares during the last quarter. Finally, National Pension Service boosted its stake in TD Ameritrade Holding Corporation by 9.8% in the second quarter. National Pension Service now owns 295,875 shares of the financial services provider’s stock valued at $12,616,000 after buying an additional 26,295 shares during the last quarter. Hedge funds and other institutional investors own 90.76% 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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