TD Ameritrade (AMTD) Stock Rating Lowered by Zacks Investment Research

TD Ameritrade (NASDAQ:AMTD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Shares of TD Ameritrade have outperformed the industry in the past six months. Earnings estimates for to-be-reported quarter have increased 2.9% lately. Also, the company has a decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. The company expects to realize synergies of $175-$225 million in fiscal 2018 from the Scottrade acquisition. Further, its focus on increasing client assets will continue to benefit its top line. Moreover, its continues to enhance overall business through introduction of innovative trading platforms. Also, TD Ameritrade is likely to benefit from consistent revenue growth and lower tax rates in the quarters ahead. However, consistently increasing expenses might deter bottom-line growth.”

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AMTD has been the subject of several other reports. BidaskClub upgraded TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. SunTrust Banks boosted their price target on TD Ameritrade to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Morgan Stanley boosted their price target on TD Ameritrade from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 10th. Nomura boosted their price objective on TD Ameritrade from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Credit Suisse Group reissued an “underperform” rating and set a $52.00 price objective (up previously from $45.00) on shares of TD Ameritrade in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.59.

Shares of AMTD opened at $59.69 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.10. TD Ameritrade has a one year low of $36.12 and a one year high of $63.01. The company has a market cap of $34,320.17, a P/E ratio of 32.44, a PEG ratio of 0.97 and a beta of 1.36.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.29. TD Ameritrade had a return on equity of 18.27% and a net margin of 23.39%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. equities analysts predict that TD Ameritrade will post 3.12 EPS for the current year.

In other news, EVP Thomas A. Nally sold 17,243 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total value of $967,849.59. Following the transaction, the executive vice president now owns 160,079 shares of the company’s stock, valued at approximately $8,985,234.27. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $55.28, for a total value of $552,800.00. Following the completion of the transaction, the director now directly owns 145,000 shares in the company, valued at approximately $8,015,600. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of TD Ameritrade by 22.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,854 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 1,063 shares during the last quarter. ETRADE Capital Management LLC lifted its stake in shares of TD Ameritrade by 21.3% in the 4th quarter. ETRADE Capital Management LLC now owns 7,046 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 1,235 shares during the last quarter. Aperio Group LLC lifted its stake in shares of TD Ameritrade by 1.6% in the 4th quarter. Aperio Group LLC now owns 86,076 shares of the financial services provider’s stock valued at $4,401,000 after purchasing an additional 1,324 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of TD Ameritrade by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 52,973 shares of the financial services provider’s stock valued at $2,709,000 after purchasing an additional 1,617 shares during the last quarter. Finally, Wright Investors Service Inc. lifted its stake in shares of TD Ameritrade by 17.2% in the 4th quarter. Wright Investors Service Inc. now owns 15,911 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 2,337 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

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About TD Ameritrade

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.

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