TD Ameritrade Holding Corporation (AMTD) Receives “Buy” Rating from SunTrust Banks, Inc.

TD Ameritrade Holding Corporation (NASDAQ:AMTD)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Wednesday, The Fly reports.

Other analysts also recently issued reports about the stock. Buckingham Research upgraded shares of TD Ameritrade Holding Corporation from a “neutral” rating to a “buy” rating in a report on Thursday, April 6th. They noted that the move was a valuation call. Instinet reiterated a “buy” rating and issued a $49.00 price target (up from $48.00) on shares of TD Ameritrade Holding Corporation in a report on Friday, April 14th. Credit Suisse Group reiterated a “buy” rating and issued a $48.00 price target on shares of TD Ameritrade Holding Corporation in a report on Thursday, April 13th. Zacks Investment Research upgraded shares of TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, July 12th. Finally, Rosenblatt Securities initiated coverage on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $50.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.60.

TD Ameritrade Holding Corporation (AMTD) opened at 46.72 on Wednesday. The company has a 50-day moving average of $41.55 and a 200 day moving average of $41.02. TD Ameritrade Holding Corporation has a 12 month low of $29.37 and a 12 month high of $47.41. The stock has a market capitalization of $24.67 billion, a price-to-earnings ratio of 29.02 and a beta of 1.47.

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. The company had revenue of $931 million for the quarter, compared to the consensus estimate of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.93% and a return on equity of 16.02%. TD Ameritrade Holding Corporation’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that TD Ameritrade Holding Corporation will post $1.67 earnings per share for the current fiscal year.

In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $40.45, for a total value of $404,500.00. Following the completion of the sale, the director now directly owns 170,000 shares of the company’s stock, valued at approximately $6,876,500. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.42% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in TD Ameritrade Holding Corporation by 1,374.1% in the first quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock valued at $525,933,000 after buying an additional 12,615,921 shares during the period. Wellington Management Group LLP boosted its stake in TD Ameritrade Holding Corporation by 131.9% in the first quarter. Wellington Management Group LLP now owns 7,936,910 shares of the financial services provider’s stock valued at $308,428,000 after buying an additional 4,514,083 shares during the period. FMR LLC boosted its stake in TD Ameritrade Holding Corporation by 719.4% in the first quarter. FMR LLC now owns 5,139,189 shares of the financial services provider’s stock valued at $199,709,000 after buying an additional 4,511,989 shares during the period. Janus Capital Management LLC boosted its stake in TD Ameritrade Holding Corporation by 14.6% in the first quarter. Janus Capital Management LLC now owns 20,330,486 shares of the financial services provider’s stock valued at $790,037,000 after buying an additional 2,582,698 shares during the period. Finally, Westpac Banking Corp boosted its stake in TD Ameritrade Holding Corporation by 119.5% in the first quarter. Westpac Banking Corp now owns 3,271,459 shares of the financial services provider’s stock valued at $135,516,000 after buying an additional 1,780,920 shares during the period. 90.76% of the stock is owned by 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.