Investors purchased shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) on weakness during trading on Thursday. $26.18 million flowed into the stock on the tick-up and $10.36 million flowed out of the stock on the tick-down, for a money net flow of $15.82 million into the stock. Of all stocks tracked, TD Ameritrade Holding Corporation had the 24th highest net in-flow for the day. TD Ameritrade Holding Corporation traded down ($0.15) for the day and closed at $47.39

A number of brokerages have recently issued reports on AMTD. Bank of America Corporation downgraded shares of TD Ameritrade Holding Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $51.00 to $52.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of TD Ameritrade Holding Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citigroup Inc. restated a “neutral” rating and issued a $50.00 price target on shares of TD Ameritrade Holding Corporation in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price target on shares of TD Ameritrade Holding Corporation in a research report on Thursday, October 12th. Finally, 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. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $48.64.

The company has a market cap of $25.03 billion, a P/E ratio of 29.62 and a beta of 1.55. The stock’s 50-day moving average price is $46.40 and its 200-day moving average price is $42.45.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $931.00 million during the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. Analysts expect that TD Ameritrade Holding Corporation will post $1.71 earnings per share for the current fiscal year.

In other news, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the stock in a transaction on Monday, September 18th. The stock was acquired at an average price of $36.12 per share, with a total value of $399,999,995.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $44.66, for a total value of $669,900.00. Following the transaction, the director now directly owns 155,000 shares of the company’s stock, 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 made changes to their positions in AMTD. Victory Capital Management Inc. lifted its position in TD Ameritrade Holding Corporation by 10.7% during the first quarter. Victory Capital Management Inc. now owns 23,734 shares of the financial services provider’s stock valued at $922,000 after buying an additional 2,303 shares during the period. Alliancebernstein L.P. lifted its position in TD Ameritrade Holding Corporation by 18.5% during the first quarter. Alliancebernstein L.P. now owns 209,614 shares of the financial services provider’s stock valued at $8,146,000 after buying an additional 32,744 shares during the period. Principal Financial Group Inc. lifted its position in TD Ameritrade Holding Corporation by 71.7% during the first quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock valued at $3,087,000 after buying an additional 33,172 shares during the period. Teachers Advisors LLC lifted its position in TD Ameritrade Holding Corporation by 105.3% during the first quarter. Teachers Advisors LLC now owns 649,798 shares of the financial services provider’s stock valued at $25,251,000 after buying an additional 333,215 shares during the period. Finally, Global X Management Co. LLC lifted its position in TD Ameritrade Holding Corporation by 37.9% during the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock valued at $128,000 after buying an additional 904 shares during the period. 93.53% of the stock is owned by institutional investors and hedge funds.

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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.

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