TD Ameritrade Holding Corporation (AMTD) Earns “Hold” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) in a research report report published on Thursday, October 12th. The brokerage currently has a $51.00 price objective on the financial services provider’s stock.

Several other analysts have also recently weighed in on AMTD. BidaskClub upgraded shares of TD Ameritrade Holding Corporation from a buy rating to a strong-buy rating in a research report on Saturday, September 30th. Citigroup Inc. reissued a neutral rating and issued a $50.00 price target on shares of TD Ameritrade Holding Corporation in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of TD Ameritrade Holding Corporation from a buy rating to a hold rating in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a $53.00 target price on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, October 3rd. Finally, Bank of America Corporation cut shares of TD Ameritrade Holding Corporation from a buy rating to a neutral rating and lifted their price target for the company from $51.00 to $52.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $48.64.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up 1.86% during trading on Thursday, hitting $48.27. 2,013,246 shares of the company traded hands. TD Ameritrade Holding Corporation has a 52-week low of $33.26 and a 52-week high of $50.72. The stock has a market capitalization of $25.49 billion, a PE ratio of 30.17 and a beta of 1.55. The company has a 50-day moving average of $46.66 and a 200-day moving average of $42.55.

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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 shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the completion of the transaction, the director now directly owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were purchased at an average cost of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in AMTD. Crow Point Partners LLC acquired a new stake in TD Ameritrade Holding Corporation in the 3rd quarter valued at $102,000. Global X Management Co. LLC boosted its stake in 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 worth $128,000 after purchasing an additional 904 shares during the last quarter. Van ECK Associates Corp boosted its stake in 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 worth $140,000 after purchasing an additional 247 shares during the last quarter. Federated Investors Inc. PA raised its holdings 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 worth $174,000 after acquiring an additional 198 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of TD Ameritrade Holding Corporation by 27.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 1,008 shares during the period. 93.53% of the stock is currently owned by hedge funds and other institutional investors.

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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