TD Ameritrade (NASDAQ:AMTD) Upgraded at Deutsche Bank

Deutsche Bank upgraded shares of TD Ameritrade (NASDAQ:AMTD) from a hold rating to a buy rating in a research report report published on Monday, November 13th, Marketbeat reports. They currently have $55.00 price target on the financial services provider’s stock, up from their previous price target of $53.00.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research raised TD Ameritrade from a hold rating to a buy rating and set a $48.00 price target for the company in a report on Friday, September 1st. Jefferies Group reaffirmed a hold rating and set a $46.00 target price on shares of TD Ameritrade in a research note on Friday, October 6th. BidaskClub downgraded TD Ameritrade from a strong-buy rating to a buy rating in a research note on Tuesday, November 7th. SunTrust Banks reaffirmed a buy rating and set a $50.00 target price (up from $46.00) on shares of TD Ameritrade in a research note on Wednesday, July 19th. Finally, Morgan Stanley boosted their price target on TD Ameritrade from $43.00 to $47.00 and gave the stock an equal weight rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $49.93.

Shares of TD Ameritrade (AMTD) traded up $0.50 during mid-day trading on Monday, hitting $51.67. The stock had a trading volume of 2,670,000 shares, compared to its average volume of 1,750,000. TD Ameritrade has a 1-year low of $36.12 and a 1-year high of $51.80. The stock has a market capitalization of $29,290.00, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 1.71 and a beta of 1.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. TD Ameritrade’s revenue for the quarter was up 18.6% on a year-over-year basis. equities analysts expect that TD Ameritrade will post 2.3 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were given a $0.21 dividend. The ex-dividend date was Monday, November 6th. This represents a $0.84 dividend on an annualized basis and a yield of 1.63%. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.18. TD Ameritrade’s dividend payout ratio (DPR) is currently 51.22%.

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

Large investors have recently added to or reduced their stakes in the stock. Crow Point Partners LLC purchased a new position in TD Ameritrade during the 3rd quarter worth approximately $102,000. Federated Investors Inc. PA grew its stake in TD Ameritrade by 5.1% during the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after buying an additional 198 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in TD Ameritrade during the 3rd quarter worth approximately $203,000. Fox Run Management L.L.C. purchased a new position in shares of TD Ameritrade in the 3rd quarter valued at approximately $220,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of TD Ameritrade by 27.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,008 shares during the last quarter. Hedge funds and other institutional investors own 88.74% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “TD Ameritrade (NASDAQ:AMTD) Upgraded at Deutsche Bank” was published by BBNS and is the sole property of of BBNS. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://baseballnewssource.com/markets/td-ameritrade-holding-corporation-amtd-upgraded-by-deutsche-bank-ag-to-buy/1781183.html.

About TD Ameritrade

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.

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

Receive News & Ratings for TD Ameritrade Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade Holding Corp. and related companies with our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.