Zacks Investment Research Downgrades TD Ameritrade Holding Corporation (AMTD) to Hold

TD Ameritrade Holding Corporation (NASDAQ:AMTD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Shares of TD Ameritrade have outperformed the industry in the past year. Yet, the company’s earnings surprise history is not that impressive. It surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. We remain cautious of the elevated costs, which are likely to weigh on the financials. However, the company recorded a rise in average client trades per day in the fiscal third quarter with the trend continuing in the first month of the current quarter, indicating trading activity improvement. Further, its deal to acquire Scottrade is likely to be accretive to earnings per share (EPS) in double digits. Also, TD Ameritrade’s steady capital deployment activities and revenue growth are encouraging. Moreover, easing margin pressure is another tailwind.”

A number of other equities research analysts have also recently issued reports on the company. BidaskClub cut TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Morgan Stanley restated an “equal weight” rating and set a $43.00 price objective (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. SunTrust Banks, Inc. restated a “buy” rating and set a $50.00 price objective (up previously from $46.00) on shares of TD Ameritrade Holding Corporation in a report on Wednesday, July 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $44.50 price objective on shares of TD Ameritrade Holding Corporation in a report on Friday, July 14th. Finally, Instinet restated a “buy” rating and set a $49.00 price objective (down previously from $50.00) on shares of TD Ameritrade Holding Corporation in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.40.

TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 44.25 on Monday. TD Ameritrade Holding Corporation has a 12-month low of $31.95 and a 12-month high of $47.41. The firm has a market cap of $23.37 billion, a PE ratio of 27.66 and a beta of 1.48. The firm has a 50-day moving average price of $44.05 and a 200 day moving average price of $40.92.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The company had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $897.98 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that TD Ameritrade Holding Corporation will post $1.69 EPS for the current year.

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In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $40.45, for a total transaction of $404,500.00. Following the completion of the transaction, the director now directly owns 170,000 shares in the company, valued at $6,876,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Valley National Advisers Inc. raised its position in TD Ameritrade Holding Corporation by 6.1% during the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 188 shares in the last quarter. Global X Management Co. LLC raised its position in TD Ameritrade Holding Corporation by 37.9% during the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 904 shares in the last quarter. Van ECK Associates Corp raised its position in TD Ameritrade Holding Corporation by 7.3% during the first quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 247 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in TD Ameritrade Holding Corporation by 1.0% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 44 shares in the last quarter. Finally, Federated Investors Inc. PA raised its position in TD Ameritrade Holding Corporation by 5.1% during the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 93.55% of the company’s stock.

TD Ameritrade Holding Corporation 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 Holding Corporation (NASDAQ:AMTD)

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