Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $49.58.

AMTD has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday, September 1st. Deutsche Bank upped their price objective on TD Ameritrade from $49.00 to $53.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. BidaskClub downgraded TD Ameritrade from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Jefferies Group reiterated a “hold” rating and issued a $46.00 price objective on shares of TD Ameritrade in a report on Friday, October 6th. Finally, Credit Suisse Group initiated coverage on TD Ameritrade in a report on Thursday, November 30th. They issued an “underperform” rating and a $45.00 price objective for the company.

Institutional investors have recently made changes to their positions in the business. Crow Point Partners LLC bought a new stake in shares of TD Ameritrade in the third quarter worth about $102,000. Federated Investors Inc. PA increased its holdings in shares of TD Ameritrade by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 198 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of TD Ameritrade by 27.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 1,008 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of TD Ameritrade in the third quarter worth about $203,000. Finally, Letko Brosseau & Associates Inc. bought a new stake in shares of TD Ameritrade in the second quarter worth about $215,000. Institutional investors own 88.56% of the company’s stock.

TD Ameritrade (NASDAQ:AMTD) opened at $51.48 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. TD Ameritrade has a one year low of $36.12 and a one year high of $54.24. The stock has a market capitalization of $29,458.17, a price-to-earnings ratio of 29.86, a PEG ratio of 1.72 and a beta of 1.57.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The business had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. analysts forecast that TD Ameritrade will post 2.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were issued a $0.21 dividend. This is an increase from TD Ameritrade’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, November 6th. TD Ameritrade’s dividend payout ratio is 51.22%.

ILLEGAL ACTIVITY NOTICE: “TD Ameritrade Holding Corp. (AMTD) Given Average Recommendation of “Hold” by Brokerages” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/12/21/td-ameritrade-holding-corp-amtd-given-average-recommendation-of-hold-by-brokerages.html.

TD Ameritrade 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 (NASDAQ:AMTD)

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