TD Ameritrade Holding Corporation (AMTD) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

Other analysts have also issued research reports about the company. Instinet reiterated a buy rating and issued a $49.00 target price (down previously from $50.00) on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. Nomura dropped their price target on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a buy rating on the stock in a research report on Thursday, July 13th. Rosenblatt Securities assumed coverage on TD Ameritrade Holding Corporation in a research report on Thursday, July 13th. They set a buy rating and a $50.00 price target on the stock. Zacks Investment Research raised TD Ameritrade Holding Corporation from a hold rating to a buy rating and set a $50.00 price target on the stock in a research report on Wednesday, July 12th. Finally, SunTrust Banks, Inc. reissued a buy rating and set a $50.00 price target (up previously from $46.00) on shares of TD Ameritrade Holding Corporation in a research report on Wednesday, July 19th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. TD Ameritrade Holding Corporation currently has a consensus rating of Buy and a consensus target price of $44.40.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded up 1.00% during mid-day trading on Friday, hitting $45.25. 3,208,990 shares of the stock were exchanged. The stock’s 50 day moving average is $43.85 and its 200 day moving average is $40.99. TD Ameritrade Holding Corporation has a 12 month low of $31.95 and a 12 month high of $47.41. The firm has a market cap of $23.90 billion, a P/E ratio of 28.28 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The business had revenue of $931.00 million for the quarter, compared to analyst estimates of $897.98 million. During the same quarter last year, the firm posted $0.45 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. Analysts expect that TD Ameritrade Holding Corporation will post $1.69 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://transcriptdaily.com/2017/09/16/td-ameritrade-holding-corporation-amtd-upgraded-by-bidaskclub-to-hold.html.

A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its position in TD Ameritrade Holding Corporation by 10.5% during the second quarter. Public Employees Retirement System of Ohio now owns 113,288 shares of the financial services provider’s stock valued at $4,870,000 after purchasing an additional 10,781 shares in the last quarter. Bank of Nova Scotia bought a new stake in TD Ameritrade Holding Corporation during the second quarter valued at about $2,317,000. The Manufacturers Life Insurance Company boosted its position in TD Ameritrade Holding Corporation by 6.8% during the second quarter. The Manufacturers Life Insurance Company now owns 17,904 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 1,133 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in TD Ameritrade Holding Corporation during the second quarter valued at about $413,000. Finally, State Street Corp boosted its position in TD Ameritrade Holding Corporation by 0.5% during the second quarter. State Street Corp now owns 4,752,164 shares of the financial services provider’s stock valued at $204,291,000 after purchasing an additional 23,599 shares in the last quarter. 93.55% of the stock is currently owned by institutional investors.

TD Ameritrade Holding Corporation Company Profile

TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.

Analyst Recommendations for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

Receive News & Ratings for TD Ameritrade Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade Holding Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply