Other research analysts also recently issued reports about the company. Gabelli restated a buy rating on shares of TD Ameritrade in a research note on Wednesday, July 24th. Credit Suisse Group upped their price objective on TD Ameritrade from $60.00 to $61.00 and gave the stock a neutral rating in a research note on Tuesday, July 23rd. Morgan Stanley upped their price objective on TD Ameritrade from $53.00 to $54.00 and gave the stock an equal weight rating in a research note on Wednesday, July 24th. UBS Group lowered their price objective on TD Ameritrade from $65.00 to $56.00 and set a buy rating for the company in a research note on Monday, June 24th. Finally, Barclays lowered their price objective on TD Ameritrade from $58.00 to $57.00 and set an overweight rating for the company in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. TD Ameritrade has a consensus rating of Hold and an average price target of $56.18.
Shares of AMTD opened at $49.27 on Wednesday. The company has a market cap of $27.13 billion, a P/E ratio of 12.36, a PEG ratio of 1.11 and a beta of 1.20. The stock has a fifty day moving average price of $45.91 and a 200 day moving average price of $50.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.15. TD Ameritrade has a 12 month low of $42.14 and a 12 month high of $57.88.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Monday, July 22nd. The financial services provider reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.07. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.47 billion. TD Ameritrade had a return on equity of 27.13% and a net margin of 36.07%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. As a group, research analysts anticipate that TD Ameritrade will post 4.02 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp bought a new position in shares of TD Ameritrade in the second quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of TD Ameritrade in the second quarter valued at $32,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of TD Ameritrade in the second quarter valued at $35,000. CSat Investment Advisory L.P. acquired a new stake in shares of TD Ameritrade in the second quarter valued at $83,000. Finally, Penserra Capital Management LLC lifted its holdings in shares of TD Ameritrade by 88.3% in the first quarter. Penserra Capital Management LLC now owns 3,721 shares of the financial services provider’s stock valued at $195,000 after buying an additional 1,745 shares during the period. 91.61% 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 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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