TD Ameritrade (NASDAQ:AMTD) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
Other research analysts also recently issued reports about the company. Gabelli reiterated a “buy” rating on shares of TD Ameritrade in a research note on Friday, April 27th. Sanford C. Bernstein began coverage on TD Ameritrade in a research note on Monday, April 9th. They set an “outperform” rating and a $40.00 price objective for the company. Jefferies Financial Group reiterated a “hold” rating and set a $65.00 price objective on shares of TD Ameritrade in a research note on Tuesday, April 24th. Morgan Stanley boosted their price objective on TD Ameritrade from $61.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 10th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $69.00 price objective on shares of TD Ameritrade in a research note on Thursday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $63.83.
Shares of TD Ameritrade opened at $59.49 on Thursday, Marketbeat Ratings reports. The company has a market cap of $34.04 billion, a P/E ratio of 24.39, a P/E/G ratio of 0.73 and a beta of 1.33. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.33. TD Ameritrade has a 12-month low of $40.31 and a 12-month high of $63.01.
TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.01). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. TD Ameritrade had a net margin of 22.02% and a return on equity of 19.66%. The company’s revenue was up 56.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. sell-side analysts expect that TD Ameritrade will post 3.21 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in TD Ameritrade by 13.0% in the 1st quarter. BlackRock Inc. now owns 15,826,734 shares of the financial services provider’s stock worth $937,416,000 after purchasing an additional 1,823,164 shares during the period. Baillie Gifford & Co. raised its holdings in shares of TD Ameritrade by 1.6% during the 1st quarter. Baillie Gifford & Co. now owns 9,133,945 shares of the financial services provider’s stock worth $541,005,000 after acquiring an additional 143,220 shares in the last quarter. Boston Partners raised its holdings in shares of TD Ameritrade by 98.2% during the 1st quarter. Boston Partners now owns 8,236,689 shares of the financial services provider’s stock worth $487,860,000 after acquiring an additional 4,079,938 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of TD Ameritrade by 50.1% during the 1st quarter. Artisan Partners Limited Partnership now owns 4,903,869 shares of the financial services provider’s stock worth $290,456,000 after acquiring an additional 1,636,617 shares in the last quarter. Finally, Pendal Group Ltd raised its holdings in shares of TD Ameritrade by 4.2% during the 1st quarter. Pendal Group Ltd now owns 3,637,272 shares of the financial services provider’s stock worth $215,436,000 after acquiring an additional 147,069 shares in the last quarter. Institutional investors and hedge funds own 91.80% 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, 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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