The stock of TD Ameritrade Holding Corp. (NASDAQ:AMTD) hit a new 52-week high and has $43.94 target or 6.00% above today’s $41.45 share price. The 6 months bullish chart indicates low risk for the $21.91 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $43.94 price target is reached, the company will be worth $1.31 billion 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 303,785 shares traded hands. TD Ameritrade Holding Corp. (NASDAQ:AMTD) has risen 28.41% since April 27, 2016 and is uptrending. It has outperformed by 23.19% the S&P500.
Analysts await TD Ameritrade Holding Corp. (NASDAQ:AMTD) to report earnings on January, 18. They expect $0.39 EPS, 0.00% or $0.00 from last year’s $0.39 per share. AMTD’s profit will be $206.15 million for 26.57 P/E if the $0.39 EPS becomes a reality. After $0.35 actual EPS reported by TD Ameritrade Holding Corp. for the previous quarter, Wall Street now forecasts 11.43% EPS growth.
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 -14.35% below today’s ($41.45) stock price. TD Ameritrade Holdings has been the topic of 21 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Wednesday, October 7. Bank of America upgraded TD Ameritrade Holding Corp. (NASDAQ:AMTD) on Wednesday, January 13 to “Buy” rating. As per Monday, September 28, the company rating was downgraded by Wells Fargo. UBS maintained TD Ameritrade Holding Corp. (NASDAQ:AMTD) rating on Thursday, January 21. UBS has “Buy” rating and $37.0 price target. The firm earned “Outperform” rating on Wednesday, October 7 by Wood. The company was maintained on Friday, September 18 by Deutsche Bank. The stock has “Buy” rating given by Deutsche Bank on Friday, January 8. The firm has “Sell” rating given on Wednesday, July 22 by Citigroup. As per Tuesday, January 12, the company rating was upgraded by Citigroup.
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.
Independent Portfolio Consultants accumulated 4,175 shares or 0.04% of the stock. Moreover, Advisory Ntwk Ltd Liability Corp has 0.01% invested in TD Ameritrade Holding Corp. (NASDAQ:AMTD) for 869 shares. Royal Bancshares Of Canada, a Ontario – Canada-based fund reported 6,161 shares. Moreover, Checchi Advisers Ltd Co has 0.02% invested in TD Ameritrade Holding Corp. (NASDAQ:AMTD) for 4,639 shares. Motley Fool Wealth Lc has invested 0.29% of its portfolio in TD Ameritrade Holding Corp. (NASDAQ:AMTD). Vision Cap accumulated 1.36% or 112,800 shares. Apg Asset Mngmt Nv accumulated 1.55 million shares or 0.08% of the stock. The Ontario – Canada-based Sentry has invested 0.02% in TD Ameritrade Holding Corp. (NASDAQ:AMTD). Wells Fargo Mn holds 0.05% of its portfolio in TD Ameritrade Holding Corp. (NASDAQ:AMTD) for 4.92 million shares. The Massachusetts-based Boston Prtnrs has invested 0.35% in TD Ameritrade Holding Corp. (NASDAQ:AMTD). Moreover, Rafferty Asset Limited Liability Corp has 0.05% invested in TD Ameritrade Holding Corp. (NASDAQ:AMTD) for 26,797 shares. Peak6 Invs Lp owns 233,586 shares or 0.05% of their US portfolio. Crescent Park Management Lp accumulated 5.22% or 835,470 shares. Advisors Asset Mngmt accumulated 0% or 2,310 shares. Kcg accumulated 0.01% or 13,709 shares.
Insider Transactions: Since June 1, 2016, the stock had 1 buying transaction, and 3 selling transactions for $2.89 million net activity. Levitt Brian M had bought 5,000 shares worth $169,350 on Wednesday, October 26. KOPLOW ELLEN L S had sold 41,246 shares worth $1.49M. Quirk Steven M. sold $1.05 million worth of stock. MOGLIA JOSEPH H sold $508,650 worth of stock. $1.31M worth of shares were sold by Tomczyk Fredric J on Wednesday, June 1.
More important 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 Businesswire.com published article titled: “TD Ameritrade’s thinkorswim Platform Now Offers State of the Art Earnings …”, Investorplace.com published: “Why GoPro Inc (GPRO), Time Warner Inc (TWX) and TD Ameritrade Holding Corp …” on October 24, 2016. More interesting news about TD Ameritrade Holding Corp. (NASDAQ:AMTD) was released by: Nasdaq.com and their article: “TD Ameritrade Holding Corporation (AMTD) Ex-Dividend Date Scheduled for …” with publication date: November 03, 2016.
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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