TD Ameritrade Holding Corp. (AMTD) Given Buy Rating at Instinet

Instinet reissued their buy rating on shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) in a report published on Friday, April 14th. Instinet currently has a $49.00 price target on the financial services provider’s stock, up from their previous price target of $48.00.

Several other analysts also recently weighed in on the stock. Credit Suisse Group AG restated a buy rating and set a $48.00 price objective on shares of TD Ameritrade Holding Corp. in a research report on Thursday, April 13th. Zacks Investment Research lowered shares of TD Ameritrade Holding Corp. from a hold rating to a sell rating in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $44.50 price objective on shares of TD Ameritrade Holding Corp. in a research report on Wednesday, April 12th. SunTrust Banks, Inc. reduced their target price on shares of TD Ameritrade Holding Corp. to $48.00 in a report on Wednesday, March 1st. Finally, Jefferies Group LLC restated a hold rating and issued a $47.00 target price on shares of TD Ameritrade Holding Corp. in a report on Sunday, January 8th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $41.83.

Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded up 0.77% during midday trading on Friday, reaching $36.83. 1,030,973 shares of the company traded hands. The company has a market capitalization of $19.45 billion, a PE ratio of 22.88 and a beta of 1.63. The company has a 50 day moving average price of $38.22 and a 200 day moving average price of $40.82. TD Ameritrade Holding Corp. has a 1-year low of $26.37 and a 1-year high of $47.41.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last posted its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. TD Ameritrade Holding Corp. had a net margin of 25.09% and a return on equity of 16.21%. The business had revenue of $904 million during the quarter, compared to analysts’ expectations of $882.25 million. During the same period in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts expect that TD Ameritrade Holding Corp. will post $1.64 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 16th. Shareholders of record on Tuesday, May 2nd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, April 28th. This represents a $0.72 dividend on an annualized basis and a yield of 1.97%. TD Ameritrade Holding Corp.’s payout ratio is presently 45.28%.

In other TD Ameritrade Holding Corp. news, Director Joseph H. Moglia sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $39.18, for a total transaction of $783,600.00. Following the completion of the sale, the director now directly owns 190,000 shares in the company, valued at approximately $7,444,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of TD Ameritrade Holding Corp. by 2.0% in the third quarter. PNC Financial Services Group Inc. now owns 51,801 shares of the financial services provider’s stock worth $1,826,000 after buying an additional 1,032 shares during the last quarter. KBC Group NV raised its stake in shares of TD Ameritrade Holding Corp. by 27.0% in the third quarter. KBC Group NV now owns 19,957 shares of the financial services provider’s stock worth $703,000 after buying an additional 4,246 shares during the last quarter. First Trust Advisors LP raised its stake in shares of TD Ameritrade Holding Corp. by 7.9% in the third quarter. First Trust Advisors LP now owns 2,452,285 shares of the financial services provider’s stock worth $86,419,000 after buying an additional 180,224 shares during the last quarter. WCM Investment Management CA raised its stake in shares of TD Ameritrade Holding Corp. by 28.8% in the third quarter. WCM Investment Management CA now owns 1,234,494 shares of the financial services provider’s stock valued at $43,504,000 after buying an additional 276,242 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in shares of TD Ameritrade Holding Corp. by 10.9% in the third quarter. Douglas Lane & Associates LLC now owns 286,645 shares of the financial services provider’s stock valued at $10,101,000 after buying an additional 28,250 shares in the last quarter. Hedge funds and other institutional investors own 88.69% of the company’s stock.

About TD Ameritrade Holding Corp.

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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