TD Ameritrade (NASDAQ:AMTD) Cut to Sell at BidaskClub

BidaskClub lowered shares of TD Ameritrade (NASDAQ:AMTD) from a hold rating to a sell rating in a report issued on Friday, March 22nd, BidAskClub reports.

AMTD has been the subject of several other reports. Zacks Investment Research upgraded TD Ameritrade from a hold rating to a buy rating and set a $58.00 price objective for the company in a research report on Tuesday, January 15th. Goldman Sachs Group started coverage on TD Ameritrade in a research report on Friday, November 30th. They set a neutral rating and a $60.00 price objective for the company. Morgan Stanley set a $64.00 price objective on TD Ameritrade and gave the stock a buy rating in a research report on Tuesday, January 29th. Barclays lifted their price objective on TD Ameritrade from $60.00 to $63.00 and gave the stock an overweight rating in a research report on Monday, March 18th. Finally, Wells Fargo & Co lowered their target price on shares of TD Ameritrade from $65.00 to $56.00 and set an outperform rating for the company in a research note on Friday, January 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $62.50.

Shares of AMTD stock traded down $0.44 during midday trading on Friday, reaching $53.28. 1,588,200 shares of the company traded hands, compared to its average volume of 2,070,756. TD Ameritrade has a 1-year low of $45.70 and a 1-year high of $62.99. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.42. The company has a market cap of $30.14 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 0.78 and a beta of 1.23.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.10. TD Ameritrade had a net margin of 31.17% and a return on equity of 25.99%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $0.80 EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. Sell-side analysts forecast that TD Ameritrade will post 4.07 earnings per share for the current fiscal year.

In related news, EVP Thomas A. Nally sold 25,000 shares of TD Ameritrade stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $56.10, for a total transaction of $1,402,500.00. Following the transaction, the executive vice president now owns 157,780 shares in the company, valued at approximately $8,851,458. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.

Hedge funds have recently modified their holdings of the business. CENTRAL TRUST Co lifted its holdings in TD Ameritrade by 76.3% in the 4th quarter. CENTRAL TRUST Co now owns 543 shares of the financial services provider’s stock worth $27,000 after buying an additional 235 shares in the last quarter. Parallel Advisors LLC lifted its holdings in TD Ameritrade by 37.6% in the 4th quarter. Parallel Advisors LLC now owns 824 shares of the financial services provider’s stock worth $40,000 after buying an additional 225 shares in the last quarter. Enlightenment Research LLC acquired a new position in TD Ameritrade in the 4th quarter worth $78,000. Pearl River Capital LLC acquired a new position in TD Ameritrade in the 4th quarter worth $95,000. Finally, Kinneret Advisory LLC acquired a new position in TD Ameritrade in the 4th quarter worth $151,000. Hedge funds and other institutional investors own 91.70% 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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