Zacks Investment Research Lowers TD Ameritrade Holding Corporation (NASDAQ:AMTD) to Hold

Zacks Investment Research lowered shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) from a buy rating to a hold rating in a research note published on Monday, September 11th.

According to Zacks, “Shares of TD Ameritrade have outperformed the industry in the past year. Yet, the company’s earnings surprise history is not that impressive. It surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. We remain cautious of the elevated costs, which are likely to weigh on the financials. However, the company recorded a rise in average client trades per day in the fiscal third quarter with the trend continuing in the first month of the current quarter, indicating trading activity improvement. Further, its deal to acquire Scottrade is likely to be accretive to earnings per share (EPS) in double digits. Also, TD Ameritrade’s steady capital deployment activities and revenue growth are encouraging. Moreover, easing margin pressure is another tailwind.”

Other analysts also recently issued reports about the stock. Instinet reiterated a buy rating and issued a $49.00 price target (down from $50.00) on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. Nomura reduced their target price on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a buy rating on the stock in a report on Thursday, July 13th. Rosenblatt Securities initiated coverage on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. They issued a buy rating and a $50.00 target price on the stock. SunTrust Banks, Inc. reaffirmed a buy rating and set a $50.00 price target (up from $46.00) on shares of TD Ameritrade Holding Corporation in a research note on Wednesday, July 19th. Finally, BidaskClub cut shares of TD Ameritrade Holding Corporation from a strong-buy rating to a buy rating in a research note on Friday, July 28th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. TD Ameritrade Holding Corporation has a consensus rating of Buy and an average price target of $44.93.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded down 0.16% during trading on Monday, hitting $48.80. The stock had a trading volume of 1,078,945 shares. The company has a market capitalization of $25.77 billion, a price-to-earnings ratio of 30.50 and a beta of 1.48. TD Ameritrade Holding Corporation has a 52 week low of $31.95 and a 52 week high of $49.24. The company’s 50 day moving average price is $43.85 and its 200 day moving average price is $41.09.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $931.00 million for the quarter, compared to the consensus estimate of $897.98 million. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. Analysts predict that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current year.

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In other news, Director Joseph H. Moglia sold 15,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $44.66, for a total value of $669,900.00. Following the completion of the sale, the director now directly owns 155,000 shares in the company, valued at $6,922,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average price of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Valley National Advisers Inc. increased its position in shares of TD Ameritrade Holding Corporation by 6.1% during the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 188 shares during the last quarter. Global X Management Co. LLC increased its position in shares of TD Ameritrade Holding Corporation by 37.9% during the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 904 shares during the last quarter. Van ECK Associates Corp increased its position in shares of TD Ameritrade Holding Corporation by 7.3% during the first quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 247 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of TD Ameritrade Holding Corporation by 5.1% during the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 198 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of TD Ameritrade Holding Corporation by 1.0% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

About TD Ameritrade Holding Corporation

TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.

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