Stock Worth Mentioning Today: Time to Reconsider TD Ameritrade Holding Corp. After Making 52-Week High?

Stock Worth Mentioning Today: Time to Reconsider TD Ameritrade Holding Corp. After Making 52 Week High?

The stock of TD Ameritrade Holding Corp. (NASDAQ:AMTD) hit a new 52-week high and has $57.83 target or 54.00% above today’s $37.55 share price. The 9 months bullish chart indicates low risk for the $20.19 billion company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $57.83 price target is reached, the company will be worth $10.90 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 453,772 shares traded hands. TD Ameritrade Holding Corp. (NASDAQ:AMTD) has risen 18.32% since April 12, 2016 and is uptrending. It has outperformed by 13.34% 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 -5.46% below today’s ($37.55) stock price. TD Ameritrade Holdings has been the topic of 21 analyst reports since July 22, 2015 according to StockzIntelligence Inc. UBS maintained the shares of AMTD in a report on Thursday, January 21 with “Buy” rating. The firm has “Sell” rating by Citigroup given on Wednesday, July 22. On Friday, January 8 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was upgraded by Bank of America on Wednesday, January 13 to “Buy”. As per Monday, September 28, the company rating was downgraded by Wells Fargo. The stock has “Buy” rating given by Deutsche Bank on Friday, September 18. On Tuesday, January 12 the stock rating was upgraded by Citigroup to “Neutral”. Wood maintained the shares of AMTD in a report on Wednesday, October 7 with “Outperform” rating. The stock of TD Ameritrade Holding Corp. (NASDAQ:AMTD) earned “Outperform” rating by Keefe Bruyette & Woods on Wednesday, October 7.

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 1.09 in 2016 Q2. Its up 0.21, from 0.88 in 2016Q1. The ratio improved, 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.
Qcm Cayman last reported 0.15% of its portfolio in the stock. Prudential Inc holds 0% of its portfolio in TD Ameritrade Holding Corp. (NASDAQ:AMTD) for 20,316 shares. Amer International Grp holds 14,736 shares or 0% of its portfolio. Principal Fincl reported 45,768 shares or 0% of all its holdings. Fjarde Ap holds 83,272 shares or 0.06% of its portfolio. The Minnesota-based Thrivent Fin For Lutherans has invested 0.06% in TD Ameritrade Holding Corp. (NASDAQ:AMTD). Daiwa Secs Inc, a Japan-based fund reported 6,300 shares. Virginia Retirement Systems Et Al, a Virginia-based fund reported 160,700 shares. Mizuho Asset Mngmt Coltd has invested 0.02% of its portfolio in TD Ameritrade Holding Corp. (NASDAQ:AMTD). Blackrock Institutional Co Na last reported 0.03% of its portfolio in the stock. Wcm Investment Mngmt Ca has invested 0.44% of its portfolio in TD Ameritrade Holding Corp. (NASDAQ:AMTD). Shell Asset has 0.04% invested in the company for 55,458 shares. Dekabank Deutsche Girozentrale accumulated 0.07% or 229,546 shares. Checchi Advisers Limited owns 4,639 shares or 0.02% of their US portfolio. Sei Invs Company last reported 47,127 shares in the company.

Insider Transactions: Since May 26, 2016, the stock had 1 insider buy, and 3 sales for $3.26 million net activity. Shares for $169,350 were bought by Levitt Brian M on Wednesday, October 26. 40,000 TD Ameritrade Holding Corp. (NASDAQ:AMTD) shares with value of $1.31 million were sold by Tomczyk Fredric J. On Friday, November 4 MOGLIA JOSEPH H sold $508,650 worth of the stock or 15,000 shares.

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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