TD Ameritrade (AMTD) Downgraded to “Buy” at BidaskClub

BidaskClub lowered shares of TD Ameritrade (NASDAQ:AMTD) from a strong-buy rating to a buy rating in a research note published on Thursday morning.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of TD Ameritrade from a buy rating to a hold rating in a research note on Tuesday, April 17th. Bank of America upgraded shares of TD Ameritrade from a neutral rating to a buy rating and set a $66.00 price objective for the company in a research note on Monday, April 9th. They noted that the move was a valuation call. Goldman Sachs Group reiterated a neutral rating and set a $67.00 price objective (up from $62.00) on shares of TD Ameritrade in a research note on Friday, February 23rd. Morgan Stanley boosted their target price on shares of TD Ameritrade from $63.00 to $66.00 and gave the company an equal weight rating in a research report on Wednesday, April 25th. Finally, Keefe, Bruyette & Woods upgraded shares of TD Ameritrade from a market perform rating to an outperform rating and set a $66.50 target price for the company in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $63.83.

NASDAQ:AMTD opened at $59.49 on Thursday. TD Ameritrade has a 12 month low of $40.31 and a 12 month high of $63.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $33.76 billion, a PE ratio of 32.33, a P/E/G ratio of 0.72 and a beta of 1.33.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.01). TD Ameritrade had a return on equity of 19.66% and a net margin of 22.02%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis. equities analysts predict that TD Ameritrade will post 3.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 22nd. Shareholders of record on Tuesday, May 8th were issued a $0.21 dividend. The ex-dividend date was Monday, May 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. TD Ameritrade’s payout ratio is 45.65%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Preferred LLC purchased a new position in TD Ameritrade in the first quarter valued at $103,000. Summit Trail Advisors LLC increased its holdings in TD Ameritrade by 6,041.6% in the first quarter. Summit Trail Advisors LLC now owns 171,903 shares of the financial services provider’s stock valued at $172,000 after buying an additional 169,104 shares in the last quarter. First Mercantile Trust Co. purchased a new position in TD Ameritrade in the first quarter valued at $186,000. D.B. Root & Company LLC purchased a new position in TD Ameritrade in the first quarter valued at $201,000. Finally, Pitcairn Co. purchased a new position in TD Ameritrade in the fourth quarter valued at $204,000. 91.80% of the stock is owned by institutional investors.

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.

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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