Jefferies Group LLC Reaffirms Hold Rating for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

Jefferies Group LLC reaffirmed their hold rating on shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) in a research report released on Friday, October 6th. Jefferies Group LLC currently has a $46.00 target price on the financial services provider’s stock. Jefferies Group also issued estimates for TD Ameritrade Holding Corporation’s Q4 2017 earnings at $0.47 EPS, FY2017 earnings at $1.72 EPS, Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.13 EPS and FY2019 earnings at $2.78 EPS.

A number of other equities analysts have also recently commented on the stock. Morgan Stanley lifted their price target on shares of TD Ameritrade Holding Corporation from $43.00 to $47.00 and gave the stock an equal weight rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of TD Ameritrade Holding Corporation from a hold rating to a strong-buy rating and set a $56.00 price objective for the company in a research report on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) reissued a neutral rating and issued a $53.00 price objective on shares of TD Ameritrade Holding Corporation in a research report on Tuesday, October 3rd. Finally, BidaskClub raised shares of TD Ameritrade Holding Corporation from a buy rating to a strong-buy rating in a research report on Saturday, September 30th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. TD Ameritrade Holding Corporation presently has a consensus rating of Buy and an average price target of $48.79.

Shares of TD Ameritrade Holding Corporation (AMTD) opened at 47.77 on Friday. TD Ameritrade Holding Corporation has a 52 week low of $33.26 and a 52 week high of $50.72. The stock has a 50 day moving average price of $46.09 and a 200 day moving average price of $42.29. The firm has a market capitalization of $25.23 billion, a P/E ratio of 29.86 and a beta of 1.55.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The company had revenue of $931.00 million for the quarter, compared to the consensus estimate of $897.98 million. During the same period in the previous year, the firm posted $0.45 EPS. TD Ameritrade Holding Corporation’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts forecast that TD Ameritrade Holding Corporation will post $1.70 EPS for the current year.

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In other news, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph H. Moglia sold 15,000 shares of TD Ameritrade Holding Corporation stock in a transaction that occurred on 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 transaction, the director now owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of AMTD. Janus Henderson Group PLC lifted its stake in TD Ameritrade Holding Corporation by 26,316.9% in the second quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock worth $877,208,000 after acquiring an additional 20,327,705 shares during the last quarter. BlackRock Inc. raised its holdings in TD Ameritrade Holding Corporation by 1,374.1% during the first quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after purchasing an additional 12,615,921 shares in the last quarter. RPTC Inc. acquired a new stake in TD Ameritrade Holding Corporation during the second quarter worth approximately $402,937,000. FMR LLC raised its holdings in TD Ameritrade Holding Corporation by 103.8% during the second quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock worth $450,351,000 after purchasing an additional 5,336,529 shares in the last quarter. Finally, BT Investment Management Ltd acquired a new stake in TD Ameritrade Holding Corporation during the second quarter worth approximately $148,207,000. Institutional investors own 93.53% of the company’s stock.

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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