TD Ameritrade Holding Corporation (NASDAQ:AMTD) had its price target hoisted by Morgan Stanley from $43.00 to $47.00 in a research note published on Thursday. Morgan Stanley currently has an equal weight rating on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Instinet reaffirmed a buy rating and set a $49.00 target price (down from $50.00) on shares of TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. Nomura reduced their target price on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a buy rating on the stock in a research report on Thursday, July 13th. Rosenblatt Securities initiated coverage on TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. They set a buy rating and a $50.00 target price on the stock. Zacks Investment Research raised 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, BidaskClub lowered TD Ameritrade Holding Corporation from a strong-buy rating to a buy rating in a report on Friday, July 28th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $46.07.

Shares of TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 48.32 on Thursday. The company has a 50-day moving average price of $45.27 and a 200 day moving average price of $41.86. TD Ameritrade Holding Corporation has a 12-month low of $33.26 and a 12-month high of $50.72. The company has a market capitalization of $25.52 billion, a P/E ratio of 30.20 and a beta of 1.55.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The company had revenue of $931.00 million for the quarter, compared to analyst estimates of $897.98 million. During the same period in the prior year, the company posted $0.45 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts anticipate that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current fiscal year.

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In related news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the stock in a transaction dated Monday, September 18th. The shares were purchased at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $44.66, for a total value of $669,900.00. Following the completion of the sale, the director now owns 155,000 shares in the company, valued at approximately $6,922,300. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of AMTD. Janus Henderson Group PLC boosted its stake in shares of TD Ameritrade Holding Corporation by 26,316.9% in the second quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock worth $877,208,000 after buying an additional 20,327,705 shares during the last quarter. BlackRock Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 1,374.1% in the first quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after buying an additional 12,615,921 shares during the last quarter. RPTC Inc. purchased a new stake in shares of TD Ameritrade Holding Corporation in the second quarter worth about $402,937,000. FMR LLC boosted its stake in shares of TD Ameritrade Holding Corporation by 103.8% in the second quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock worth $450,351,000 after buying an additional 5,336,529 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new stake in shares of TD Ameritrade Holding Corporation in the second quarter worth about $148,207,000. Hedge funds and other institutional investors own 93.54% 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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