The TD Ameritrade Holding Corp.’s (AMTD) Hold Rating Reiterated at Jefferies Group LLC

The TD Ameritrade Holding Corp.’s (AMTD) Hold Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC restated their hold rating on shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) in a report released on Wednesday. The firm currently has a $41.00 price objective on the stock.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut TD Ameritrade Holding Corp. from a buy rating to a hold rating in a report on Wednesday, February 15th. Credit Suisse Group AG upgraded TD Ameritrade Holding Corp. from a neutral rating to an outperform rating and set a $48.00 price objective for the company in a report on Friday, February 3rd. SunTrust Banks, Inc. dropped their price objective on TD Ameritrade Holding Corp. to $48.00 in a report on Wednesday, March 1st. Instinet upgraded TD Ameritrade Holding Corp. from a neutral rating to a buy rating and set a $53.00 price objective for the company in a report on Friday, January 6th. Finally, Keefe, Bruyette & Woods started coverage on TD Ameritrade Holding Corp. in a report on Thursday, December 8th. They set a market perform rating and a $45.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. TD Ameritrade Holding Corp. presently has an average rating of Hold and an average price target of $40.09.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded down 0.48% during trading on Wednesday, reaching $39.51. The company’s stock had a trading volume of 544,764 shares. The company has a market capitalization of $20.85 billion, a P/E ratio of 24.69 and a beta of 1.63. TD Ameritrade Holding Corp. has a 12-month low of $26.37 and a 12-month high of $47.41. The firm’s 50-day moving average price is $43.85 and its 200 day moving average price is $38.98.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last posted its quarterly earnings data on Wednesday, January 18th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. TD Ameritrade Holding Corp. had a return on equity of 16.21% and a net margin of 25.09%. The company earned $859 million during the quarter, compared to analysts’ expectations of $860.12 million. During the same quarter in the previous year, the business earned $0.39 EPS. TD Ameritrade Holding Corp.’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that TD Ameritrade Holding Corp. will post $1.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, January 30th. TD Ameritrade Holding Corp.’s dividend payout ratio is 45.28%.

In other TD Ameritrade Holding Corp. news, Director Joseph H. Moglia sold 20,000 shares of the company’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $47.00, for a total value of $940,000.00. Following the completion of the sale, the director now directly owns 200,000 shares in the company, valued at approximately $9,400,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of AMTD. Advisors Asset Management Inc. boosted its stake in shares of TD Ameritrade Holding Corp. by 28.5% in the third quarter. Advisors Asset Management Inc. now owns 2,969 shares of the company’s stock worth $105,000 after buying an additional 659 shares during the period. Van ECK Associates Corp boosted its stake in shares of TD Ameritrade Holding Corp. by 9.7% in the fourth quarter. Van ECK Associates Corp now owns 3,366 shares of the company’s stock worth $147,000 after buying an additional 297 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of TD Ameritrade Holding Corp. by 1,194.0% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,335 shares of the company’s stock worth $153,000 after buying an additional 4,000 shares during the period. Trexquant Investment LP bought a new stake in shares of TD Ameritrade Holding Corp. during the fourth quarter worth $201,000. Finally, Numeric Investors LLC bought a new stake in shares of TD Ameritrade Holding Corp. during the fourth quarter worth $205,000. Hedge funds and other institutional investors own 88.69% of the company’s stock.

TD Ameritrade Holding Corp. 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.

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