BidaskClub Upgrades TD Ameritrade (AMTD) to “Strong-Buy”

BidaskClub upgraded shares of TD Ameritrade (NASDAQ:AMTD) from a buy rating to a strong-buy rating in a report issued on Saturday.

Several other equities research analysts have also recently weighed in on the company. Credit Suisse Group started coverage on TD Ameritrade in a research note on Thursday, November 30th. They issued an underperform rating and a $45.00 price target on the stock. Deutsche Bank raised TD Ameritrade from a hold rating to a buy rating and boosted their target price for the stock from $53.00 to $55.00 in a report on Monday, November 13th. Bank of America set a $54.00 target price on TD Ameritrade and gave the stock a hold rating in a report on Wednesday, October 25th. SunTrust Banks reissued a buy rating on shares of TD Ameritrade in a report on Wednesday, October 25th. Finally, Morgan Stanley boosted their target price on TD Ameritrade from $47.00 to $50.00 and gave the stock an equal weight rating in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. TD Ameritrade presently has a consensus rating of Buy and an average price target of $49.93.

Shares of TD Ameritrade (NASDAQ:AMTD) opened at $52.20 on Friday. The firm has a market capitalization of $30,240.00, a price-to-earnings ratio of 29.69, a P/E/G ratio of 1.72 and a beta of 1.57. TD Ameritrade has a 12 month low of $36.12 and a 12 month high of $54.24. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $958.57 million. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. analysts predict that TD Ameritrade will post 2.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.21 per share. This is an increase from TD Ameritrade’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, November 6th. TD Ameritrade’s dividend payout ratio is presently 51.22%.

In other news, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $44.66, for a total transaction of $669,900.00. Following the transaction, the director now directly owns 155,000 shares of the company’s stock, valued at $6,922,300. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of the stock in a transaction dated Monday, September 18th. The shares were acquired at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.

Large investors have recently made changes to their positions in the company. Crow Point Partners LLC bought a new position in shares of TD Ameritrade during the third quarter valued at $102,000. Federated Investors Inc. PA lifted its holdings in TD Ameritrade by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 198 shares during the period. Gamco Investors INC. ET AL bought a new position in TD Ameritrade in the third quarter valued at about $203,000. Fox Run Management L.L.C. bought a new position in TD Ameritrade in the third quarter valued at about $220,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in TD Ameritrade by 27.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,008 shares during the period. 88.74% of the stock is currently owned by hedge funds and other institutional investors.

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About TD Ameritrade

TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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