TD Ameritrade Holding Corp. (AMTD) Given Consensus Rating of “Hold” by Brokerages

TD Ameritrade Holding Corp. (NASDAQ:AMTD) has been given an average recommendation of “Hold” by the seventeen analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $63.05.

AMTD has been the topic of several research reports. BidaskClub raised TD Ameritrade from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. Zacks Investment Research downgraded TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Wells Fargo & Co decreased their target price on TD Ameritrade from $65.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, January 4th. Morgan Stanley reduced their price target on TD Ameritrade from $65.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, January 4th. Finally, Barclays reissued a “buy” rating on shares of TD Ameritrade in a research report on Friday, January 25th.

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

A number of large investors have recently modified their holdings of AMTD. CENTRAL TRUST Co lifted its stake in TD Ameritrade by 76.3% during the fourth quarter. CENTRAL TRUST Co now owns 543 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 235 shares during the last quarter. Parallel Advisors LLC lifted its stake in TD Ameritrade by 37.6% during the fourth quarter. Parallel Advisors LLC now owns 824 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 225 shares during the last quarter. Enlightenment Research LLC bought a new stake in TD Ameritrade during the fourth quarter worth $78,000. Pearl River Capital LLC bought a new stake in TD Ameritrade during the fourth quarter worth $95,000. Finally, Advisor Group Inc. lifted its stake in TD Ameritrade by 37.8% during the fourth quarter. Advisor Group Inc. now owns 3,098 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 850 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of TD Ameritrade stock traded down $0.44 on Wednesday, hitting $53.28. The stock had a trading volume of 1,588,200 shares, compared to its average volume of 2,070,756. TD Ameritrade has a twelve month low of $45.70 and a twelve month 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 capitalization 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 earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, equities research analysts predict that TD Ameritrade will post 4.07 earnings per share for the current fiscal year.

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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