Deutsche Bank AG Raises TD Ameritrade Holding Corporation (NASDAQ:AMTD) Price Target to $53.00

TD Ameritrade Holding Corporation (NASDAQ:AMTD) had its price objective upped by Deutsche Bank AG from $49.00 to $53.00 in a research report sent to investors on Wednesday, October 25th. The brokerage currently has a hold rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods reiterated a hold rating and set a $44.50 price target on shares of TD Ameritrade Holding Corporation in a research note on Friday, July 14th. BidaskClub lowered shares of TD Ameritrade Holding Corporation from a hold rating to a sell rating in a research note on Friday, August 18th. Morgan Stanley reiterated an equal weight rating and set a $43.00 price target (up from $40.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of TD Ameritrade Holding Corporation from a hold rating to a strong-buy rating and set a $56.00 price target on the stock in a research note on Tuesday, October 3rd. Finally, Nomura decreased their price objective on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a buy rating on the stock in a report on Thursday, July 13th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $50.00.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up $0.48 during mid-day trading on Wednesday, reaching $48.86. 1,221,700 shares of the company’s stock were exchanged, compared to its average volume of 2,589,122. The firm has a market cap of $25,551.86, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 1.63 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.16 and a current ratio of 1.13. TD Ameritrade Holding Corporation has a 12 month low of $35.57 and a 12 month high of $51.22.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $983.00 million during the quarter, compared to the consensus estimate of $958.57 million. TD Ameritrade Holding Corporation had a net margin of 23.72% and a return on equity of 15.91%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. analysts anticipate that TD Ameritrade Holding Corporation will post 2.28 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.72%. This is an increase from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, November 6th. TD Ameritrade Holding Corporation’s dividend payout ratio is 51.22%.

In other news, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the company’s stock in a transaction that occurred 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph H. Moglia sold 15,000 shares of the stock in a transaction dated 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 directly owns 155,000 shares in the company, valued at approximately $6,922,300. The disclosure for this sale can be found here. Company 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 position in shares of TD Ameritrade Holding Corporation in the 3rd quarter worth approximately $102,000. Global X Management Co. LLC boosted its holdings in shares of TD Ameritrade Holding Corporation by 37.9% in the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock worth $128,000 after buying an additional 904 shares during the period. Federated Investors Inc. PA boosted its holdings in shares of TD Ameritrade Holding Corporation by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after buying an additional 198 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TD Ameritrade Holding Corporation by 27.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock worth $199,000 after buying an additional 1,008 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in shares of TD Ameritrade Holding Corporation in the third quarter worth about $203,000. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

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