BidaskClub Lowers TD Ameritrade (AMTD) to Hold

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TD Ameritrade (NASDAQ:AMTD) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

AMTD has been the subject of a number of other reports. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Tuesday, January 15th. Goldman Sachs Group began coverage on TD Ameritrade in a research note on Friday, November 30th. They issued a “neutral” rating and a $60.00 target price for the company. Morgan Stanley set a $64.00 target price on TD Ameritrade and gave the company a “buy” rating in a research note on Tuesday, January 29th. UBS Group upgraded TD Ameritrade from a “neutral” rating to a “buy” rating in a research note on Monday, November 19th. Finally, Wells Fargo & Co decreased their target price on TD Ameritrade from $65.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, January 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $62.09.

NASDAQ:AMTD opened at $55.72 on Tuesday. The stock has a market capitalization of $31.55 billion, a P/E ratio of 16.68, a PEG ratio of 0.82 and a beta of 1.27. TD Ameritrade has a one year low of $45.70 and a one year high of $63.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.18 and a quick ratio of 1.18.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.10. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.49 billion. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the firm earned $0.80 earnings per share. On average, analysts predict that TD Ameritrade will post 4.03 EPS for the current year.

A number of hedge funds have recently modified their holdings of AMTD. JPMorgan Chase & Co. boosted its position in shares of TD Ameritrade by 74.5% during the third quarter. JPMorgan Chase & Co. now owns 3,219,403 shares of the financial services provider’s stock worth $170,080,000 after buying an additional 1,374,810 shares during the period. First Hawaiian Bank boosted its position in shares of TD Ameritrade by 9.2% during the fourth quarter. First Hawaiian Bank now owns 17,412 shares of the financial services provider’s stock worth $852,000 after buying an additional 1,471 shares during the period. Pensionfund DSM Netherlands acquired a new position in shares of TD Ameritrade during the fourth quarter worth approximately $1,968,000. Personal Capital Advisors Corp boosted its position in shares of TD Ameritrade by 1.5% during the fourth quarter. Personal Capital Advisors Corp now owns 628,894 shares of the financial services provider’s stock worth $30,791,000 after buying an additional 9,148 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of TD Ameritrade by 1.8% during the third quarter. Janus Henderson Group PLC now owns 22,231,968 shares of the financial services provider’s stock worth $1,174,515,000 after buying an additional 396,786 shares during the period. Institutional investors own 92.32% 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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