TD Ameritrade Holding Corporation (NASDAQ:AMTD) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, October 17th.
According to Zacks, “Shares of TD Ameritrade have outperformed the industry in the past six months. Estimates have remained stable lately ahead of its third-quarter results. Also, 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 two months of the current quarter. 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.”
Several other equities analysts have also commented on AMTD. Jefferies Group LLC upped their target price on TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, June 19th. BidaskClub upgraded TD Ameritrade Holding Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. Rosenblatt Securities started coverage on TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $50.00 target price for the company. Nomura dropped their target price on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Finally, Instinet reiterated a “buy” rating and issued a $49.00 target price (down from $50.00) on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.00.
Shares of TD Ameritrade Holding Corporation (NASDAQ AMTD) traded down $0.46 during trading on Tuesday, reaching $49.27. 659,495 shares of the company’s stock were exchanged, compared to its average volume of 1,910,000. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.16. TD Ameritrade Holding Corporation has a 1 year low of $33.26 and a 1 year high of $51.22. The firm has a market capitalization of $26,260.00, a price-to-earnings ratio of 28.58, a P/E/G ratio of 1.68 and a beta of 1.57.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business had revenue of $983.00 million for the quarter, compared to the consensus estimate of $958.57 million. TD Ameritrade Holding Corporation had a return on equity of 15.91% and a net margin of 23.72%. The business’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. research analysts expect that TD Ameritrade Holding Corporation will post 2.28 earnings per share for the current year.
In related news, Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $44.66, for a total value 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 document filed with the SEC, which is available at the SEC website. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was acquired at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The disclosure for this purchase can be found here. Company insiders own 0.42% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in TD Ameritrade Holding Corporation by 10.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 113,288 shares of the financial services provider’s stock valued at $4,870,000 after acquiring an additional 10,781 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 3.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 457,856 shares of the financial services provider’s stock worth $17,793,000 after acquiring an additional 13,541 shares in the last quarter. BlackRock Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 1,374.1% during the 1st quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after acquiring an additional 12,615,921 shares in the last quarter. Delta Lloyd Asset Management N.V. bought a new stake in shares of TD Ameritrade Holding Corporation during the 2nd quarter worth $1,459,000. Finally, Principal Financial Group Inc. boosted its position in shares of TD Ameritrade Holding Corporation by 71.7% in the first quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock worth $3,087,000 after buying an additional 33,172 shares during the period. Hedge funds and other institutional investors own 92.53% of the company’s stock.
TD Ameritrade Holding Corporation Company Profile
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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