Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) have been given an average recommendation of “Buy” by the twenty-three brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $63.45.
Several equities research analysts have recently issued reports on AMTD shares. Citigroup increased their target price on shares of TD Ameritrade from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. Keefe, Bruyette & Woods restated a “buy” rating and set a $68.50 price target on shares of TD Ameritrade in a research report on Tuesday, July 24th. Credit Suisse Group upgraded shares of TD Ameritrade from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $58.00 to $63.00 in a research report on Wednesday, July 25th. They noted that the move was a valuation call. Morgan Stanley reduced their price target on shares of TD Ameritrade from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 25th. Finally, Barclays upped their price target on shares of TD Ameritrade from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 25th.
AMTD stock opened at $52.50 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.17. TD Ameritrade has a 52-week low of $48.03 and a 52-week high of $63.01. The stock has a market cap of $30.25 billion, a PE ratio of 15.95, a PEG ratio of 0.61 and a beta of 1.23.
TD Ameritrade (NASDAQ:AMTD) last posted its earnings results on Monday, October 22nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.04. TD Ameritrade had a net margin of 27.02% and a return on equity of 24.54%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue for the quarter was up 42.2% on a year-over-year basis. Sell-side analysts forecast that TD Ameritrade will post 3.93 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be issued a $0.30 dividend. This is an increase from TD Ameritrade’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, November 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.29%.
In other TD Ameritrade news, EVP Peter J. Desilva acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was bought at an average price of $56.73 per share, for a total transaction of $283,650.00. Following the acquisition, the executive vice president now owns 24,000 shares in the company, valued at $1,361,520. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC acquired a new stake in TD Ameritrade in the 2nd quarter valued at about $115,000. IFP Advisors Inc raised its holdings in TD Ameritrade by 255.4% in the 3rd quarter. IFP Advisors Inc now owns 2,207 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 1,586 shares during the last quarter. Commerce Bank acquired a new stake in TD Ameritrade in the 3rd quarter valued at about $210,000. Chesley Taft & Associates LLC acquired a new stake in TD Ameritrade in the 3rd quarter valued at about $220,000. Finally, First Mercantile Trust Co. raised its holdings in TD Ameritrade by 38.5% in the 2nd quarter. First Mercantile Trust Co. now owns 4,357 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 1,211 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.
About TD Ameritrade
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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