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.
ILLEGAL ACTIVITY NOTICE: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/12/06/bidaskclub-upgrades-td-ameritrade-amtd-to-strong-buy.html.
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.
Receive News & Ratings for TD Ameritrade Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade Holding Corp. and related companies with MarketBeat.com's FREE daily email newsletter.