TD Ameritrade’s (AMTD) “Neutral” Rating Reaffirmed at Goldman Sachs Group

Goldman Sachs Group reiterated their neutral rating on shares of TD Ameritrade (NASDAQ:AMTD) in a research note issued to investors on Friday morning. They currently have a $67.00 price target on the financial services provider’s stock, up from their previous price target of $62.00.

Other analysts have also recently issued research reports about the stock. SunTrust Banks upped their target price on shares of TD Ameritrade to $72.00 and gave the company a buy rating in a research report on Wednesday, January 24th. Sandler O’Neill reiterated a buy rating and set a $63.00 target price on shares of TD Ameritrade in a research report on Tuesday, January 23rd. Deutsche Bank raised shares of TD Ameritrade from a hold rating to a buy rating and boosted their price target for the company from $53.00 to $55.00 in a report on Monday, November 13th. BidaskClub lowered shares of TD Ameritrade from a strong-buy rating to a buy rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of TD Ameritrade from a hold rating to a buy rating and set a $58.00 price target for the company in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. TD Ameritrade currently has a consensus rating of Buy and an average target price of $58.12.

Shares of TD Ameritrade (AMTD) traded up $0.77 during trading on Friday, hitting $55.48. 2,136,638 shares of the company’s stock traded hands, compared to its average volume of 3,817,489. The company has a market cap of $31,040.77, a PE ratio of 31.70, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50. TD Ameritrade has a 52 week low of $36.12 and a 52 week high of $58.83. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.35.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.51 by $0.29. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. research analysts forecast that TD Ameritrade will post 3.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Monday, February 5th. TD Ameritrade’s payout ratio is presently 48.00%.

In related news, 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 of the company’s stock, valued at approximately $8,015,600. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $967,849.59. Following the completion of the transaction, the executive vice president now directly owns 160,079 shares of the company’s stock, valued at $8,985,234.27. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BT Investment Management Ltd boosted its stake in TD Ameritrade by 4.2% in the 3rd quarter. BT Investment Management Ltd now owns 3,591,397 shares of the financial services provider’s stock worth $175,260,000 after purchasing an additional 143,923 shares during the period. Toronto Dominion Bank boosted its stake in TD Ameritrade by 5.0% in the 3rd quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after purchasing an additional 11,082,105 shares during the period. Virginia Retirement Systems ET AL boosted its stake in TD Ameritrade by 924.4% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 84,000 shares of the financial services provider’s stock worth $4,099,000 after purchasing an additional 75,800 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in TD Ameritrade by 11.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 34,667 shares of the financial services provider’s stock worth $1,692,000 after purchasing an additional 3,545 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in TD Ameritrade by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,152,514 shares of the financial services provider’s stock worth $105,215,000 after purchasing an additional 45,467 shares during the period. 88.45% of the stock is 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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