TD Ameritrade (AMTD) PT Lowered to $58.00

TD Ameritrade (NASDAQ:AMTD) had its price objective decreased by research analysts at UBS Group from $63.00 to $58.00 in a report issued on Monday, www.benzinga.com reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective points to a potential upside of 9.72% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. BidaskClub lowered shares of TD Ameritrade from a “sell” rating to a “strong sell” rating in a report on Thursday. Bank of America lowered their target price on shares of TD Ameritrade from $67.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, September 26th. Wolfe Research started coverage on shares of TD Ameritrade in a research note on Tuesday, September 25th. They set an “underperform” rating for the company. Barclays increased their target price on shares of TD Ameritrade from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th. Finally, Morgan Stanley reduced their price target on shares of TD Ameritrade from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $64.61.

Shares of NASDAQ AMTD traded up $0.04 during mid-day trading on Monday, reaching $52.86. The company’s stock had a trading volume of 12,399 shares, compared to its average volume of 2,632,271. The stock has a market capitalization of $29.99 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 0.57 and a beta of 1.33. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. TD Ameritrade has a 1-year low of $46.66 and a 1-year high of $63.01.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Monday, July 23rd. The financial services provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.10. TD Ameritrade had a net margin of 24.42% and a return on equity of 21.71%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business earned $0.44 earnings per share. The company’s quarterly revenue was up 48.4% compared to the same quarter last year. As a group, equities research analysts expect that TD Ameritrade will post 3.28 EPS for the current year.

In related news, EVP Peter J. Desilva acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were bought at an average price of $56.73 per share, with a total value of $283,650.00. Following the completion of the acquisition, the executive vice president now owns 24,000 shares in the company, valued at $1,361,520. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.44% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors L.P. purchased a new position in shares of TD Ameritrade during the first quarter worth approximately $808,000. PNC Financial Services Group Inc. grew its position in TD Ameritrade by 230.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 44,133 shares of the financial services provider’s stock valued at $2,613,000 after buying an additional 30,786 shares during the last quarter. Stifel Financial Corp purchased a new position in TD Ameritrade in the 1st quarter valued at $450,000. Asset Management One Co. Ltd. grew its position in TD Ameritrade by 1.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 420,104 shares of the financial services provider’s stock valued at $24,883,000 after buying an additional 5,839 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in TD Ameritrade by 13.2% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 151,867 shares of the financial services provider’s stock valued at $8,995,000 after buying an additional 17,736 shares during the last quarter. 90.94% of the stock is currently owned by institutional investors.

TD Ameritrade Company Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.

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