TD Ameritrade Holding Corp. (NASDAQ:AMTD) Receives $42.08 Average PT from Brokerages

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Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) have been assigned an average recommendation of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $42.08.

Several equities research analysts have commented on AMTD shares. Piper Sandler decreased their price objective on shares of TD Ameritrade from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. BidaskClub lowered shares of TD Ameritrade from a “sell” rating to a “strong sell” rating in a research note on Friday, June 26th. Deutsche Bank raised their price target on shares of TD Ameritrade from $37.00 to $38.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Thursday, June 11th. Finally, Keefe, Bruyette & Woods lowered TD Ameritrade from an “outperform” rating to a “market perform” rating in a report on Sunday, April 19th.

In other TD Ameritrade news, Director Joseph H. Moglia sold 9,683 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $44.00, for a total value of $426,052.00. Following the transaction, the director now directly owns 94,113 shares in the company, valued at approximately $4,140,972. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMTD. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of TD Ameritrade in the 2nd quarter worth about $288,000. ARP Americas LP boosted its holdings in shares of TD Ameritrade by 4.0% in the 2nd quarter. ARP Americas LP now owns 2,528,692 shares of the financial services provider’s stock worth $91,994,000 after purchasing an additional 97,554 shares in the last quarter. Zweig DiMenna Associates LLC boosted its holdings in shares of TD Ameritrade by 30.9% in the 2nd quarter. Zweig DiMenna Associates LLC now owns 379,944 shares of the financial services provider’s stock worth $13,822,000 after purchasing an additional 89,744 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of TD Ameritrade by 87.0% in the 2nd quarter. Raymond James & Associates now owns 153,267 shares of the financial services provider’s stock worth $5,576,000 after purchasing an additional 71,304 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of TD Ameritrade by 12.6% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 26,552 shares of the financial services provider’s stock worth $966,000 after purchasing an additional 2,969 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

NASDAQ:AMTD opened at $35.89 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $19.41 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. TD Ameritrade has a 52 week low of $27.70 and a 52 week high of $53.99. The firm has a 50-day moving average price of $37.34 and a two-hundred day moving average price of $39.74.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.24. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.41 billion. TD Ameritrade had a net margin of 32.88% and a return on equity of 22.51%. As a group, sell-side analysts forecast that TD Ameritrade will post 3.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.31 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.24 dividend on an annualized basis and a yield of 3.46%. TD Ameritrade’s dividend payout ratio is currently 30.02%.

About TD Ameritrade

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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