The TD Ameritrade Holding Corp. (AMTD) PT Raised to $36.00

The TD Ameritrade Holding Corp. (AMTD) PT Raised to $36.00

TD Ameritrade Holding Corp. (NASDAQ:AMTD) had its price objective upped by stock analysts at Jefferies Group from $30.00 to $36.00 in a report released on Tuesday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 0.84% from the company’s previous close.

A number of other brokerages have also weighed in on AMTD. Barclays PLC decreased their price objective on shares of TD Ameritrade Holding Corp. from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, July 7th. Bank of America Corp. lowered shares of TD Ameritrade Holding Corp. from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $34.00 to $29.00 in a report on Tuesday, June 28th. Deutsche Bank AG lowered shares of TD Ameritrade Holding Corp. from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a report on Wednesday, July 20th. Morgan Stanley started coverage on shares of TD Ameritrade Holding Corp. in a report on Monday, September 26th. They issued an “equal weight” rating and a $34.00 price objective for the company. Finally, Citigroup Inc. boosted their price objective on shares of TD Ameritrade Holding Corp. from $28.00 to $31.50 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.84.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at 35.70 on Tuesday. The stock has a 50 day moving average price of $33.48 and a 200-day moving average price of $31.09. The company has a market capitalization of $18.79 billion, a price-to-earnings ratio of 21.90 and a beta of 1.50. TD Ameritrade Holding Corp. has a 12-month low of $24.88 and a 12-month high of $37.90.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. TD Ameritrade Holding Corp. had a return on equity of 17.06% and a net margin of 26.24%. The firm had revenue of $838 million for the quarter, compared to analysts’ expectations of $829.63 million. Equities analysts predict that TD Ameritrade Holding Corp. will post $1.59 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank increased its position in shares of TD Ameritrade Holding Corp. by 15,143,973.2% in the second quarter. Toronto Dominion Bank now owns 222,920,758 shares of the company’s stock valued at $6,348,783,000 after buying an additional 222,919,286 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of TD Ameritrade Holding Corp. during the second quarter valued at $75,160,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of TD Ameritrade Holding Corp. by 43.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,551,100 shares of the company’s stock valued at $129,593,000 after buying an additional 1,386,800 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of TD Ameritrade Holding Corp. during the second quarter valued at $37,076,000. Finally, CAPROCK Group Inc. purchased a new position in shares of TD Ameritrade Holding Corp. during the second quarter valued at $1,730,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

About TD Ameritrade Holding Corp.

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