TD Ameritrade (NASDAQ:AMTD) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of TD Ameritrade (NASDAQ:AMTD) from a hold rating to a sell rating in a report published on Saturday morning, BidAskClub reports.

AMTD has been the subject of a number of other research reports. Deutsche Bank cut shares of TD Ameritrade from a buy rating to a hold rating and cut their target price for the company from $58.00 to $47.00 in a research note on Friday, August 9th. Credit Suisse Group lifted their target price on shares of TD Ameritrade from $60.00 to $61.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. Gabelli reiterated a buy rating on shares of TD Ameritrade in a research note on Wednesday, July 24th. ValuEngine cut shares of TD Ameritrade from a hold rating to a sell rating in a research note on Thursday, August 1st. Finally, Morgan Stanley lifted their target price on shares of TD Ameritrade from $53.00 to $54.00 and gave the company an equal weight rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. TD Ameritrade presently has an average rating of Hold and a consensus price target of $56.64.

Shares of AMTD opened at $44.42 on Friday. The company has a market capitalization of $24.55 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.01 and a beta of 1.16. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.42. TD Ameritrade has a 12 month low of $43.19 and a 12 month high of $60.22. The business’s 50-day simple moving average is $49.80.

TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Monday, July 22nd. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.47 billion. TD Ameritrade had a net margin of 36.07% and a return on equity of 27.13%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. On average, analysts expect that TD Ameritrade will post 4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Monday, August 5th. TD Ameritrade’s dividend payout ratio (DPR) is currently 35.93%.

Several large investors have recently bought and sold shares of AMTD. JPMorgan Chase & Co. raised its position in TD Ameritrade by 46.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,704,467 shares of the financial services provider’s stock worth $235,175,000 after purchasing an additional 1,496,455 shares during the last quarter. Renaissance Technologies LLC raised its position in TD Ameritrade by 235.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,624,326 shares of the financial services provider’s stock worth $81,086,000 after purchasing an additional 1,140,400 shares during the last quarter. BlackRock Inc. raised its position in TD Ameritrade by 7.2% in the 1st quarter. BlackRock Inc. now owns 15,155,722 shares of the financial services provider’s stock worth $757,634,000 after purchasing an additional 1,012,753 shares during the last quarter. First Trust Advisors LP raised its position in TD Ameritrade by 24.7% in the 1st quarter. First Trust Advisors LP now owns 4,634,288 shares of the financial services provider’s stock worth $231,668,000 after purchasing an additional 917,454 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in TD Ameritrade by 2,191.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 527,398 shares of the financial services provider’s stock worth $26,365,000 after purchasing an additional 504,380 shares during the last quarter. Institutional investors own 92.52% of the company’s stock.

TD Ameritrade Company Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.

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Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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