TD Ameritrade (AMTD) Research Coverage Started at Wolfe Research

Analysts at Wolfe Research initiated coverage on shares of TD Ameritrade (NASDAQ:AMTD) in a note issued to investors on Tuesday, The Fly reports. The firm set an “underperform” rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the stock. BidaskClub upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Credit Suisse Group upgraded shares of TD Ameritrade from an “underperform” rating to a “neutral” rating and boosted their target price 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. Barclays boosted their target price on shares of TD Ameritrade from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, July 12th. Compass Point started coverage on TD Ameritrade in a research note on Monday, June 4th. They set a “buy” rating and a $74.00 price target for the company. Finally, ValuEngine raised TD Ameritrade from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $64.97.

Shares of NASDAQ AMTD opened at $54.14 on Tuesday. The firm has a market cap of $31.24 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 0.59 and a beta of 1.30. TD Ameritrade has a one year low of $46.66 and a one year high of $63.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.13.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Monday, July 23rd. The financial services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. TD Ameritrade had a net margin of 24.42% and a return on equity of 21.71%. The business’s revenue was up 48.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. analysts forecast that TD Ameritrade will post 3.28 EPS for the current year.

In other news, EVP Peter J. Desilva purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was acquired at an average price of $56.73 per share, with a total value of $283,650.00. Following the purchase, the executive vice president now directly owns 24,000 shares of the company’s stock, valued at approximately $1,361,520. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.44% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV raised its stake in TD Ameritrade by 4.5% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 21,270 shares of the financial services provider’s stock valued at $1,165,000 after purchasing an additional 924 shares during the last quarter. SPC Financial Inc. raised its stake in TD Ameritrade by 3.0% in the 2nd quarter. SPC Financial Inc. now owns 37,855 shares of the financial services provider’s stock valued at $2,073,000 after purchasing an additional 1,095 shares during the last quarter. SNS Financial Group LLC raised its stake in TD Ameritrade by 3.2% in the 2nd quarter. SNS Financial Group LLC now owns 37,685 shares of the financial services provider’s stock valued at $2,064,000 after purchasing an additional 1,185 shares during the last quarter. DnB Asset Management AS raised its stake in TD Ameritrade by 4.4% in the 2nd quarter. DnB Asset Management AS now owns 28,369 shares of the financial services provider’s stock valued at $1,554,000 after purchasing an additional 1,200 shares during the last quarter. Finally, First Mercantile Trust Co. raised its stake 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 purchasing an additional 1,211 shares during the last quarter. 90.92% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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