Stock Mover of the Day: Could TD Ameritrade Holding Corp. See a Reversal After Breaking Its 52-Week High?

Stock Mover of the Day: Could TD Ameritrade Holding Corp. See a Reversal After Breaking Its 52 Week High?

The stock of TD Ameritrade Holding Corp. (NASDAQ:AMTD) hit a new 52-week high and has $65.37 target or 64.00% above today’s $39.86 share price. The 7 months bullish chart indicates low risk for the $21.19B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $65.37 price target is reached, the company will be worth $13.56B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 107,126 shares traded hands. TD Ameritrade Holding Corp. (NASDAQ:AMTD) has risen 27.86% since April 19, 2016 and is uptrending. It has outperformed by 24.00% the S&P500.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) Ratings Coverage

Out of 8 analysts covering TD Ameritrade Holdings (NASDAQ:AMTD), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $41 is the highest target while $29 is the lowest. The $35.50 average target is -10.94% below today’s ($39.86) stock price. TD Ameritrade Holdings has been the topic of 21 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Wood maintained it with “Outperform” rating and $38 target price in Wednesday, October 7 report. The company was maintained on Friday, September 18 by Deutsche Bank. The firm earned “Neutral” rating on Tuesday, January 12 by Citigroup. UBS maintained TD Ameritrade Holding Corp. (NASDAQ:AMTD) on Thursday, January 21 with “Buy” rating. On Friday, January 8 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Outperform” rating given on Wednesday, October 7 by Keefe Bruyette & Woods. On Wednesday, January 13 the stock rating was upgraded by Bank of America to “Buy”. The company was downgraded on Monday, September 28 by Wells Fargo. Citigroup downgraded the shares of AMTD in a report on Wednesday, July 22 to “Sell” rating.

According to Zacks Investment Research, “TD Ameritrade Holding Corporation has a servicing self-directed investors through its brokerage subsidiaries. Ameritrade develops and provides innovative brokerage products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. Through its brokerage subsidiaries, it provides a dynamic balance of investment products and services that fits the changing needs of investors. The Company’s full spectrum of services for the individual investor include a leading active trader program and long-term investor solutions, including a national branch system, as well as relationships with one of the largest networks of independent registered investment advisors.”

Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.04, from 1.09 in 2016Q1. The ratio is positive, as 29 funds sold all TD Ameritrade Holding Corp. shares owned while 80 reduced positions. 32 funds bought stakes while 87 increased positions. They now own 471.08 million shares or 86.79% more from 252.20 million shares in 2016Q1.
Nomura Asset Mngmt Comm Limited reported 31,344 shares or 0.02% of all its holdings. Marathon Asset Management Llp accumulated 0.13% or 210,819 shares. Schwab Charles Investment Management owns 417,605 shares or 0.01% of their US portfolio. Atlantic Trust Group Limited Liability holds 0.06% or 266,386 shares in its portfolio. The Missouri-based Ent Fincl Corporation has invested 0% in TD Ameritrade Holding Corp. (NASDAQ:AMTD). Fmr Ltd reported 341,250 shares or 0% of all its holdings. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 0.05% or 6,600 shares. Cam Gp Holdg A S, a Denmark-based fund reported 4.83M shares. Fund Management Sa reported 226,532 shares or 0.06% of all its holdings. Riverpark Limited Liability Company holds 2.63% of its portfolio in TD Ameritrade Holding Corp. (NASDAQ:AMTD) for 188,643 shares. First Trust Advisors L P last reported 0.2% of its portfolio in the stock. Commerzbank Aktiengesellschaft Fi has 0% invested in the company for 13,889 shares. Envestnet Asset Mgmt Inc holds 0% or 4,070 shares in its portfolio. City Hldgs Com has 0.01% invested in the company for 415 shares. Hsbc Plc has 0.01% invested in the company for 112,526 shares.

Insider Transactions: Since May 26, 2016, the stock had 1 insider purchase, and 4 sales for $4.76 million net activity. KOPLOW ELLEN L S had sold 41,246 shares worth $1.49 million. Another trade for 40,000 shares valued at $1.31M was made by Tomczyk Fredric J on Wednesday, June 1. $508,650 worth of TD Ameritrade Holding Corp. (NASDAQ:AMTD) was sold by MOGLIA JOSEPH H. The insider Levitt Brian M bought 5,000 shares worth $169,350.

More recent TD Ameritrade Holding Corp. (NASDAQ:AMTD) news were published by: Bloomberg.com which released: “TD Ameritrade, Toronto-Dominion Buy Scottrade for $4 Billion” on October 24, 2016. Also Nasdaq.com published the news titled: “TD Ameritrade Holding Corporation (AMTD) Ex-Dividend Date Scheduled for …” on November 03, 2016. Investorplace.com‘s news article titled: “Why GoPro Inc (GPRO), Time Warner Inc (TWX) and TD Ameritrade Holding Corp …” with publication date: October 24, 2016 was also an interesting one.

AMTD Company Profile

TD Ameritrade Holding Corporation, incorporated on April 1, 2002, is a well-known provider of securities brokerage services and related technology financial services. The Firm provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Firm provides its services through the Internet, a national branch network and relationships with RIAs. The Company’s services and products include common and preferred stock, exchange-traded funds, options, futures, foreign exchange, mutual funds, fixed income, new and secondary issue securities, margin lending, cash management services and annuities. The Firm uses its platform to offer brokerage services to retail investors and investment advisors. In addition, it also offers various services and products to retail clients, such as touch-tone trading, trading over the Internet, real-time quotes, extended trading hours and direct access to market destinations. The Firm offers a nationwide network of over 100 retail branches, located primarily in metropolitan areas.

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