Weekly Analysts’ Ratings Updates for TD Ameritrade (AMTD)

Several brokerages have updated their recommendations and price targets on shares of TD Ameritrade (NASDAQ: AMTD) in the last few weeks:

  • 1/30/2019 – TD Ameritrade was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/29/2019 – TD Ameritrade was given a new $64.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 1/28/2019 – TD Ameritrade was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of TD Ameritrade have significantly outperformed the industry over the past three months. Further, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. Its first-quarter fiscal 2019 (ended Dec 31) results benefited from improved revenues and fall in expenses. The company’s focus on increasing client assets and efforts to strengthen overall business through introduction of innovative trading platforms are commendable. Also, its association with TD Bank supports cross selling opportunities, and is a significant growth driver. However, consistently increasing expenses may hamper bottom-line growth to some extent. Further, unsustainability of its capital deployment actions makes us wary.”
  • 1/25/2019 – TD Ameritrade was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $62.00 price target on the stock. According to Zacks, “Shares of TD Ameritrade have significantly outperformed the industry over the past three months. Further, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. Its first-quarter fiscal 2019 (ended Dec 31) results benefited from improved revenues and fall in expenses. The company’s focus on increasing client assets will continue to benefit its top line. While consistently increasing expenses may hamper bottom-line growth to some extent, its efforts to strengthen overall business through introduction of innovative trading platforms are commendable. Also, its association with TD Bank supports cross selling opportunities, and is a significant growth driver.”
  • 1/25/2019 – TD Ameritrade had its “buy” rating reaffirmed by analysts at Barclays PLC.
  • 1/18/2019 – TD Ameritrade was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of TD Ameritrade have outperformed the industry over the past six months. Further, the company has an impressive earnings surprise history. The company has outpaced the Zacks Consensus Estimate for earnings in each of the trailing four quarters. Earnings estimates have been revised upward, ahead of the company's fiscal first quarter 2019 results. The company’s focus on increasing client assets will continue to benefit its top line. Moreover, it continues to enhance overall business through introduction of innovative trading platforms increasing trading activities. Also, TD Ameritrade is likely to benefit from consistent revenue growth and lower tax rates in the quarters ahead. However, consistently increasing expenses might deter bottom-line growth. Further, stretched valuation also remain a concern.”
  • 1/15/2019 – TD Ameritrade was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “Shares of TD Ameritrade have outperformed the industry over the past six months. Further, the company has an impressive earnings surprise history. The company has outpaced the Zacks Consensus Estimate for earnings in each of the trailing four quarters. Earnings estimates have been revised upward, ahead of the company's fiscal first quarter 2019 results. The company’s focus on increasing client assets will continue to benefit its top line. Moreover, it continues to enhance overall business through introduction of innovative trading platforms increasing trading activities. Also, TD Ameritrade is likely to benefit from consistent revenue growth and lower tax rates in the quarters ahead. However, consistently increasing expenses might deter bottom-line growth.”
  • 1/4/2019 – TD Ameritrade had its price target lowered by analysts at Morgan Stanley from $65.00 to $59.00. They now have an “overweight” rating on the stock.
  • 1/4/2019 – TD Ameritrade had its price target lowered by analysts at Wells Fargo & Co from $65.00 to $56.00. They now have an “outperform” rating on the stock.
  • 12/31/2018 – TD Ameritrade was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of TD Ameritrade have outperformed the industry year to date. Further, the company has an impressive earnings surprise history. The company has outpaced the Zacks Consensus Estimate for earnings in each of the trailing four quarters. The company’s focus on increasing client assets will continue to benefit its top line. Moreover, it continues to enhance overall business through introduction of innovative trading platforms increasing trading activities. Also, TD Ameritrade is likely to benefit from consistent revenue growth and lower tax rates in the quarters ahead. However, consistently increasing expenses might deter bottom-line growth.”
  • 12/27/2018 – TD Ameritrade was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

AMTD traded down $0.02 during trading hours on Monday, reaching $54.18. 23,436 shares of the company’s stock traded hands, compared to its average volume of 2,083,013. TD Ameritrade Holding Corp. has a 52-week low of $45.70 and a 52-week high of $63.01. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.42. The stock has a market cap of $30.41 billion, a P/E ratio of 16.22, a PEG ratio of 0.82 and a beta of 1.27.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.10. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business earned $0.80 EPS. TD Ameritrade’s revenue was up 20.6% compared to the same quarter last year. Equities analysts anticipate that TD Ameritrade Holding Corp. will post 4.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 19th. Investors of record on Tuesday, February 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Monday, February 4th. TD Ameritrade’s payout ratio is currently 35.93%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its holdings in shares of TD Ameritrade by 13.7% in the 2nd quarter. FMR LLC now owns 17,201,763 shares of the financial services provider’s stock worth $942,141,000 after buying an additional 2,071,893 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of TD Ameritrade by 74.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,219,403 shares of the financial services provider’s stock worth $170,080,000 after buying an additional 1,374,810 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of TD Ameritrade by 45.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,417,104 shares of the financial services provider’s stock worth $233,356,000 after buying an additional 1,369,915 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of TD Ameritrade by 50.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,238,320 shares of the financial services provider’s stock worth $118,250,000 after buying an additional 753,480 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of TD Ameritrade by 292.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 940,181 shares of the financial services provider’s stock worth $49,670,000 after buying an additional 700,781 shares during the period. Institutional investors own 92.32% of the company’s stock.

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.

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