TD Ameritrade Holding Corp. (AMTD) Given Average Recommendation of “Hold” by Brokerages
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) 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%.
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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.
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