Morgan Stanley downgraded shares of TD Ameritrade (NASDAQ:AMTD) from an overweight rating to an equal weight rating in a report published on Thursday morning, BenzingaRatingsTable reports. They currently have $53.00 target price on the financial services provider’s stock.
Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of Zai Lab from a buy rating to a strong-buy rating in a research note on Friday, June 28th. Citigroup lowered shares of Apergy from a buy rating to a neutral rating and lowered their price objective for the stock from $41.00 to $34.00 in a research note on Tuesday, July 9th. Zacks Investment Research lowered shares of Hope Bancorp from a strong-buy rating to a hold rating in a research note on Tuesday, March 26th. Wolfe Research upgraded shares of TD Ameritrade from an underperform rating to a market perform rating in a research note on Wednesday, March 27th. Finally, Bank of America set a $180.00 price objective on shares of CME Group and gave the stock a hold rating in a research note on Tuesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. TD Ameritrade presently has an average rating of Hold and a consensus target price of $58.86.
Shares of AMTD stock opened at $50.97 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.42. TD Ameritrade has a 1 year low of $45.70 and a 1 year high of $60.99. The company has a fifty day simple moving average of $50.69. The firm has a market cap of $28.20 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 0.78 and a beta of 1.14.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. TD Ameritrade had a net margin of 34.94% and a return on equity of 26.73%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. Equities analysts expect that TD Ameritrade will post 3.97 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the stock. Altman Advisors Inc. boosted its holdings in shares of TD Ameritrade by 17.3% during the 2nd quarter. Altman Advisors Inc. now owns 49,174 shares of the financial services provider’s stock worth $2,455,000 after buying an additional 7,257 shares during the period. Palmer Knight Co boosted its holdings in shares of TD Ameritrade by 1.0% during the 2nd quarter. Palmer Knight Co now owns 92,387 shares of the financial services provider’s stock worth $4,612,000 after buying an additional 871 shares during the period. Insight 2811 Inc. bought a new stake in shares of TD Ameritrade during the 2nd quarter worth about $734,000. WINTON GROUP Ltd boosted its holdings in shares of TD Ameritrade by 29.3% during the 2nd quarter. WINTON GROUP Ltd now owns 12,136 shares of the financial services provider’s stock worth $606,000 after buying an additional 2,749 shares during the period. Finally, WealthPLAN Partners LLC boosted its holdings in shares of TD Ameritrade by 3.0% during the 1st quarter. WealthPLAN Partners LLC now owns 45,213 shares of the financial services provider’s stock worth $2,329,000 after buying an additional 1,300 shares during the period. 92.03% of the stock is owned by institutional investors and hedge funds.
About TD Ameritrade
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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