TD Ameritrade Holding Corp. (NASDAQ:AMTD) has earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $63.05.

A number of analysts have weighed in on the company. Zacks Investment Research downgraded TD Ameritrade from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Bank of America set a $60.00 price target on TD Ameritrade and gave the stock a “buy” rating in a report on Tuesday, April 9th. Barclays decreased their price target on TD Ameritrade from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday. Wolfe Research upgraded TD Ameritrade from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Finally, BidaskClub downgraded TD Ameritrade from a “hold” rating to a “sell” rating in a report on Friday, March 22nd.

TD Ameritrade stock traded down $0.44 during trading hours on Wednesday, reaching $53.28. 1,588,200 shares of the company’s stock were exchanged, compared to its average volume of 2,070,756. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.42. TD Ameritrade has a twelve month low of $45.70 and a twelve month high of $62.99. The company has a market cap of $30.14 billion, a P/E ratio of 15.95, a PEG ratio of 0.78 and a beta of 1.23.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share for the quarter, topping 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 firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business posted $0.80 EPS. The business’s revenue was up 20.6% compared to the same quarter last year. Equities research analysts forecast that TD Ameritrade will post 4.07 EPS for the current fiscal year.

In other news, EVP Thomas A. Nally sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $56.10, for a total value of $1,402,500.00. Following the completion of the sale, the executive vice president now directly owns 157,780 shares in the company, valued at approximately $8,851,458. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.44% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of AMTD. Norges Bank acquired a new stake in shares of TD Ameritrade in the 4th quarter valued at about $158,098,000. JPMorgan Chase & Co. grew its stake 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 valued at $170,080,000 after buying an additional 1,374,810 shares during the period. Bank of New York Mellon Corp grew its stake 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 valued at $118,250,000 after buying an additional 753,480 shares during the period. Point72 Asset Management L.P. grew its stake 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 valued at $49,670,000 after buying an additional 700,781 shares during the period. Finally, Boston Partners grew its stake in shares of TD Ameritrade by 5.8% in the 4th quarter. Boston Partners now owns 6,799,245 shares of the financial services provider’s stock valued at $332,891,000 after buying an additional 373,417 shares during the period. Institutional investors own 91.70% of the company’s stock.

TD Ameritrade Company Profile

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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Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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