Zacks Investment Research upgraded shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) from a hold rating to a buy rating in a research note released on Tuesday. They currently have $49.00 price target on the financial services provider’s stock.

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 and revenue growth are encouraging. Moreover, easing margin pressure is another tailwind.”

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $44.50 price objective on shares of TD Ameritrade Holding Corporation in a report on Friday, July 14th. Morgan Stanley reaffirmed an equal weight rating and set a $43.00 price objective (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. BidaskClub lowered TD Ameritrade Holding Corporation from a hold rating to a sell rating in a report on Friday, August 18th. Jefferies Group LLC increased their target price on shares of TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the stock a hold rating in a research note on Monday, June 19th. Finally, Nomura decreased their target price on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a buy rating for the company in a research note on Thursday, July 13th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $44.40.

Shares of TD Ameritrade Holding Corporation (NASDAQ AMTD) traded up 0.31% during mid-day trading on Tuesday, reaching $44.94. The company’s stock had a trading volume of 712,011 shares. TD Ameritrade Holding Corporation has a 52 week low of $31.95 and a 52 week high of $47.41. The stock has a market capitalization of $23.74 billion, a price-to-earnings ratio of 28.09 and a beta of 1.48. The company’s 50-day moving average is $43.87 and its 200-day moving average is $40.98.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $931.00 million for the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. Equities analysts predict that TD Ameritrade Holding Corporation will post $1.69 EPS for the current year.

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Several hedge funds have recently bought and sold shares of AMTD. Valley National Advisers Inc. lifted its position in shares of TD Ameritrade Holding Corporation by 6.1% during the 1st quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 188 shares during the period. Global X Management Co. LLC lifted its position in shares of TD Ameritrade Holding Corporation by 37.9% during the 1st quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 904 shares during the period. Van ECK Associates Corp lifted its position in shares of TD Ameritrade Holding Corporation by 7.3% during the 1st quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 247 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in shares of TD Ameritrade Holding Corporation by 1.0% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 44 shares during the period. Finally, Federated Investors Inc. PA lifted its position in shares of TD Ameritrade Holding Corporation by 5.1% during the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 198 shares during the period. Institutional investors own 93.55% of the company’s stock.

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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