TD Ameritrade Holding Corporation (AMTD)’s Stock Formed A Several Months Bullish Wedge Up Pattern

December 7, 2017 - By Migdalia James

Investors sentiment is 1.05 in 2017 Q2. Its the same as in 2017Q1. It is without change, as 37 investors sold TD Ameritrade Holding Corporation shares while 83 reduced holdings. only 34 funds opened positions while 92 raised stakes. 477.60 million shares or 0.81% more from 473.79 million shares in 2017Q1 were reported.
Clinton Gru reported 0.04% stake. Minnesota-based Thrivent Financial For Lutherans has invested 0.07% in TD Ameritrade Holding Corporation (NASDAQ:AMTD). Suntrust Banks holds 0.01% of its portfolio in TD Ameritrade Holding Corporation (NASDAQ:AMTD) for 30,353 shares. Credit Suisse Ag holds 340,640 shares or 0.01% of its portfolio. Howe And Rusling Incorporated holds 58 shares. Guggenheim Capital Ltd Co stated it has 0% in TD Ameritrade Holding Corporation (NASDAQ:AMTD). Victory invested 0% of its portfolio in TD Ameritrade Holding Corporation (NASDAQ:AMTD). First Quadrant Ltd Partnership Ca holds 0.01% or 12,200 shares in its portfolio. Principal Fincl Gru Inc holds 0% in TD Ameritrade Holding Corporation (NASDAQ:AMTD) or 45,059 shares. X Mngmt Lc reported 5,576 shares. Greenwich Wealth Ltd owns 0.81% invested in TD Ameritrade Holding Corporation (NASDAQ:AMTD) for 112,176 shares. Sei Invests reported 118,362 shares or 0.02% of all its holdings. The Maryland-based Columbia Ptnrs L L C Investment Mgmt has invested 0.49% in TD Ameritrade Holding Corporation (NASDAQ:AMTD). Cadence Capital Mngmt Ltd reported 29,359 shares. Deutsche Financial Bank Ag invested 0.03% of its portfolio in TD Ameritrade Holding Corporation (NASDAQ:AMTD).

Since June 15, 2017, it had 0 insider purchases, and 1 sale for $404,500 activity.

The stock of TD Ameritrade Holding Corporation (AMTD) formed an up wedge with $55.84 target or 7.00 % above today’s $52.19 share price. The 7 months wedge indicates low risk for the $29.59B company. If the $55.84 price target is reached, the company will be worth $2.07B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.85% or $0.44 during the last trading session, reaching $52.19. About 975,509 shares traded. TD Ameritrade Holding Corporation (NASDAQ:AMTD) has risen 21.10% since December 8, 2016 and is uptrending. It has outperformed by 4.40% the S&P500.

Analysts await TD Ameritrade Holding Corporation (NASDAQ:AMTD) to report earnings on January, 17. They expect $0.48 earnings per share, up 17.07 % or $0.07 from last year’s $0.41 per share. AMTD’s profit will be $272.13M for 27.18 P/E if the $0.48 EPS becomes a reality. After $0.49 actual earnings per share reported by TD Ameritrade Holding Corporation for the previous quarter, Wall Street now forecasts -2.04 % negative EPS growth.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) Ratings Coverage

Among 8 analysts covering TD Ameritrade Holdings (NASDAQ:AMTD), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. TD Ameritrade Holdings had 21 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, January 13 by Bank of America. The rating was maintained by Deutsche Bank with “Buy” on Friday, January 8. Citigroup downgraded the shares of AMTD in report on Wednesday, July 22 to “Sell” rating. The rating was downgraded by Wells Fargo on Monday, September 28 to “Market Perform”. The rating was maintained by Wood with “Outperform” on Wednesday, October 7. Keefe Bruyette & Woods maintained it with “Outperform” rating and $38 target in Wednesday, October 7 report. The firm earned “Buy” rating on Friday, September 18 by Deutsche Bank. The company was upgraded on Tuesday, January 12 by Citigroup. UBS maintained the stock with “Buy” rating in Thursday, January 21 report.

More news for TD Ameritrade Holding Corporation (NASDAQ:AMTD) were recently published by: Nasdaq.com, which released: “Harfst & Associates, Inc. Buys Barnes Group Inc, TD Ameritrade Holding Corp …” on November 07, 2017. Bloomberg.com‘s article titled: “Fidelity, Schwab, TD Ameritrade, Wells Fargo Faced Glitches” and published on December 04, 2017 is yet another important article.

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