Bank of America reiterated their buy rating on shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) in a research note issued to investors on Thursday, Market Beat Ratings reports. Bank of America currently has a $35.00 target price on the stock.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded up 0.74% on Thursday, reaching $28.67. The company had a trading volume of 3,086,665 shares. The stock’s 50-day moving average price is $32.89 and its 200 day moving average price is $34.31. The firm has a market capitalization of $15.40 billion and a price-to-earnings ratio of 19.24. TD Ameritrade Holding Corp. has a 52-week low of $27.28 and a 52-week high of $39.05.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last issued its quarterly earnings data on Wednesday, January 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The company had revenue of $812 million for the quarter, compared to analyst estimates of $811.55 million. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts anticipate that TD Ameritrade Holding Corp. will post $1.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 17th. Shareholders of record on Wednesday, February 3rd will be given a $0.17 dividend. The ex-dividend date is Monday, February 1st. This represents a $0.68 dividend on an annualized basis and a yield of 2.39%.

In other TD Ameritrade Holding Corp. news, EVP Thomas Bradley, Jr. sold 36,682 shares of the company’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $36.52, for a total value of $1,339,626.64. Following the completion of the transaction, the executive vice president now directly owns 318,276 shares of the company’s stock, valued at approximately $11,623,439.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Steven M. Quirk sold 22,138 shares of the company’s stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $36.94, for a total transaction of $817,777.72. Following the completion of the transaction, the executive vice president now directly owns 63,344 shares of the company’s stock, valued at $2,339,927.36. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Jennison Associates raised its stake in shares of TD Ameritrade Holding Corp. by 20.8% in the third quarter. Jennison Associates now owns 3,287,458 shares of the company’s stock worth $104,673,000 after buying an additional 566,792 shares during the period. DNB Asset Management raised its stake in shares of TD Ameritrade Holding Corp. by 7.5% in the fourth quarter. DNB Asset Management now owns 11,469 shares of the company’s stock worth $398,089 after buying an additional 800 shares during the period. Gateway Investment Advisers LLC raised its stake in shares of TD Ameritrade Holding Corp. by 2.6% in the fourth quarter. Gateway Investment Advisers LLC now owns 377,727 shares of the company’s stock worth $13,111,000 after buying an additional 9,531 shares during the period. Douglas C. Lane & Associates Inc. raised its stake in shares of TD Ameritrade Holding Corp. by 42.3% in the fourth quarter. Douglas C. Lane & Associates Inc. now owns 254,785 shares of the company’s stock worth $8,844,000 after buying an additional 75,722 shares during the period. Finally, British Columbia Investment Management Corp raised its stake in shares of TD Ameritrade Holding Corp. by 107.6% in the fourth quarter. British Columbia Investment Management Corp now owns 193,979 shares of the company’s stock worth $6,733,000 after buying an additional 100,541 shares during the period.

Several other research analysts also recently weighed in on AMTD. Jefferies Group reiterated a hold rating and issued a $32.00 price target (down from $34.00) on shares of TD Ameritrade Holding Corp. in a report on Thursday, January 21st. Deutsche Bank cut their price target on TD Ameritrade Holding Corp. from $41.00 to $37.00 and set a buy rating for the company in a report on Tuesday, January 19th. Goldman Sachs cut their price target on TD Ameritrade Holding Corp. from $39.00 to $38.00 in a report on Tuesday, January 12th. Citigroup Inc. upgraded TD Ameritrade Holding Corp. from a sell rating to a neutral rating in a report on Tuesday, January 12th. Finally, Nomura boosted their price target on TD Ameritrade Holding Corp. from $32.00 to $33.00 and gave the company a neutral rating in a report on Monday, January 11th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $37.24.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) is an investment banking and a retail discount securities brokerage company. The parent company is Delaware Corporation. The Company provides securities brokerage services and related technology-based financial 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. The Company offers various products and services to its client, primarily, trading in common and preferred stocks, American Depository Receipts, closed-end funds, Exchange Traded Funds, Futures & Options, Foreign Exchange, Mutual Funds, Fixed Income securities, New and secondary issue securities, Margin lending, Cash Management Services and Annuities. The Company’s client offerings are primarily provided through Trading and Investing Platforms and Other Offerings.

12 Month Chart for NASDAQ:AMTD

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