TD Ameritrade Holding Corporation (NASDAQ:AMTD) has been assigned a consensus recommendation of “Buy” from the eighteen analysts that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $50.00.

AMTD has been the subject of several research analyst reports. Zacks Investment Research lowered TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Bank of America Corporation set a $54.00 price target on TD Ameritrade Holding Corporation and gave the stock a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks, Inc. restated a “buy” rating and set a $50.00 price target (up from $46.00) on shares of TD Ameritrade Holding Corporation in a research note on Wednesday, July 19th. BidaskClub upgraded TD Ameritrade Holding Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Finally, Jefferies Group LLC restated a “hold” rating and set a $46.00 price target on shares of TD Ameritrade Holding Corporation in a research note on Friday, October 6th.

TD Ameritrade Holding Corporation (AMTD) opened at 49.99 on Wednesday. The firm has a market capitalization of $26.40 billion, a P/E ratio of 31.24 and a beta of 1.55. TD Ameritrade Holding Corporation has a 52-week low of $33.26 and a 52-week high of $51.22. The firm has a 50-day moving average price of $47.90 and a 200 day moving average price of $43.20.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $983.00 million during the quarter, compared to analyst estimates of $958.57 million. TD Ameritrade Holding Corporation had a return on equity of 15.91% and a net margin of 23.72%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. Analysts forecast that TD Ameritrade Holding Corporation will post $2.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.68%. This is a positive change from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. TD Ameritrade Holding Corporation’s dividend payout ratio (DPR) is 43.90%.

In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $44.66, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the stock in a transaction on Monday, September 18th. The shares were acquired at an average price of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake in TD Ameritrade Holding Corporation by 10.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 113,288 shares of the financial services provider’s stock valued at $4,870,000 after purchasing an additional 10,781 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in TD Ameritrade Holding Corporation by 3.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 457,856 shares of the financial services provider’s stock valued at $17,793,000 after purchasing an additional 13,541 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in TD Ameritrade Holding Corporation during the 2nd quarter valued at approximately $1,459,000. Creative Planning grew its stake in TD Ameritrade Holding Corporation by 2.5% during the 2nd quarter. Creative Planning now owns 1,156,600 shares of the financial services provider’s stock valued at $49,722,000 after purchasing an additional 28,235 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in TD Ameritrade Holding Corporation by 71.7% during the 1st quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock valued at $3,087,000 after purchasing an additional 33,172 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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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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