TD Ameritrade (NASDAQ:AMTD) Lifted to Hold at ValuEngine

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ValuEngine upgraded shares of TD Ameritrade (NASDAQ:AMTD) from a sell rating to a hold rating in a research report released on Saturday, ValuEngine reports.

A number of other research firms have also commented on AMTD. BidaskClub lowered shares of TD Ameritrade from a buy rating to a hold rating in a research report on Thursday, September 26th. Citigroup lowered shares of TD Ameritrade from a neutral rating to a sell rating and cut their price objective for the company from $35.50 to $27.00 in a research report on Monday, October 14th. Gabelli restated a buy rating on shares of TD Ameritrade in a research report on Wednesday, July 24th. Wells Fargo & Co lowered shares of TD Ameritrade from an outperform rating to an underperform rating and cut their price objective for the company from $58.00 to $30.00 in a research report on Thursday, October 3rd. Finally, Bank of America lowered shares of TD Ameritrade from a buy rating to an underperform rating and cut their price objective for the company from $57.00 to $39.00 in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $43.64.

AMTD stock opened at $38.15 on Friday. The firm has a 50 day moving average of $42.26 and a 200-day moving average of $48.25. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.42. TD Ameritrade has a 12 month low of $32.69 and a 12 month high of $57.88. The firm has a market capitalization of $20.18 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21.

TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. TD Ameritrade had a net margin of 36.07% and a return on equity of 27.13%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the business earned $0.92 earnings per share. TD Ameritrade’s revenue was up 11.4% compared to the same quarter last year. Sell-side analysts predict that TD Ameritrade will post 4.05 EPS for the current year.

Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP increased its position in TD Ameritrade by 3,232.0% during the first quarter. Marshall Wace LLP now owns 27,822 shares of the financial services provider’s stock worth $1,391,000 after buying an additional 26,987 shares during the last quarter. Nordea Investment Management AB increased its position in TD Ameritrade by 725.2% during the first quarter. Nordea Investment Management AB now owns 97,823 shares of the financial services provider’s stock worth $4,891,000 after buying an additional 85,968 shares during the last quarter. WINTON GROUP Ltd increased its position in TD Ameritrade by 29.3% during the second quarter. WINTON GROUP Ltd now owns 12,136 shares of the financial services provider’s stock worth $606,000 after buying an additional 2,749 shares during the last quarter. Insight 2811 Inc. acquired a new position in TD Ameritrade during the second quarter worth $734,000. Finally, Palmer Knight Co increased its position in TD Ameritrade by 1.0% during the second quarter. Palmer Knight Co now owns 92,387 shares of the financial services provider’s stock worth $4,612,000 after buying an additional 871 shares during the last quarter. Institutional investors and hedge funds own 91.61% 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.

See Also: Initial Coin Offering (ICO)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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