What’s Next for TD Ameritrade Holding Corporation (AMTD) After Forming Bullish Wedge Up Chart Pattern?

December 7, 2017 - By Kurt Siggers

Investors sentiment is 1.05 in Q2 2017. Its the same as in 2017Q1. It is flat, 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.
8,053 are owned by Clinton Gp. Us National Bank De holds 44,450 shares. Ww Asset Management Inc reported 11,627 shares stake. Aperio Limited Liability, a California-based fund reported 83,665 shares. Robeco Institutional Asset Management Bv holds 0% or 2,821 shares in its portfolio. Davis Lc owns 470,000 shares. Goldman Sachs Group Inc Inc stated it has 0.02% of its portfolio in TD Ameritrade Holding Corporation (NASDAQ:AMTD). Korea Inv Corporation holds 0.08% of its portfolio in TD Ameritrade Holding Corporation (NASDAQ:AMTD) for 394,713 shares. 10,523 were reported by Comerica Comml Bank. Advisory Services Ltd Liability has 262 shares for 0% of their portfolio. Hsbc Holdings Public Limited holds 0.01% or 102,314 shares. 113,288 were reported by Employees Retirement System Of Ohio. Prescott Gp Capital Limited Liability owns 15,000 shares. Fifth Third Retail Bank holds 0% or 23 shares. Invesco Limited has invested 0.03% 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 EPS, 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 EPS 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 stock of TD Ameritrade Holding Corporation (NASDAQ:AMTD) earned “Buy” rating by Bank of America on Wednesday, January 13. UBS maintained it with “Buy” rating and $37.0 target in Thursday, January 21 report. As per Tuesday, January 12, the company rating was upgraded by Citigroup. The stock has “Outperform” rating by Wood on Wednesday, October 7. The firm has “Buy” rating given on Friday, September 18 by Deutsche Bank. The rating was downgraded by Wells Fargo on Monday, September 28 to “Market Perform”. Citigroup downgraded it to “Sell” rating and $33 target in Wednesday, July 22 report. Keefe Bruyette & Woods maintained TD Ameritrade Holding Corporation (NASDAQ:AMTD) rating on Wednesday, October 7. Keefe Bruyette & Woods has “Outperform” rating and $38 target. The firm has “Buy” rating by Deutsche Bank given on Friday, January 8.

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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