TD Ameritrade (NASDAQ:AMTD) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of TD Ameritrade (NASDAQ:AMTD) from a sell rating to a hold rating in a research note issued to investors on Friday, ValuEngine reports.

Other analysts have also issued research reports about the company. Compass Point set a $52.00 price objective on E*TRADE Financial and gave the company a buy rating in a research note on Tuesday, July 2nd. UBS Group reissued a sell rating on shares of in a research note on Monday, June 24th. Bank of America set a $180.00 price objective on CME Group and gave the company a hold rating in a research note on Tuesday, April 9th. Morgan Stanley increased their price objective on Visa from $175.00 to $191.00 and gave the company an overweight rating in a research note on Thursday, July 11th. Finally, Citigroup lowered Apergy from a buy rating to a neutral rating and dropped their price objective for the company from $41.00 to $34.00 in a research note on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $58.86.

Shares of AMTD opened at $50.54 on Friday. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 0.78 and a beta of 1.15. The stock has a 50 day moving average price of $50.63. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.17 and a current ratio of 1.17. TD Ameritrade has a 1 year low of $45.70 and a 1 year high of $60.99.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.93. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. TD Ameritrade had a return on equity of 26.73% and a net margin of 34.94%. TD Ameritrade’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. As a group, equities research analysts anticipate that TD Ameritrade will post 3.97 EPS for the current year.

A number of hedge funds have recently made changes to their positions in AMTD. Liberty Wealth Management LLC purchased a new stake in TD Ameritrade in the first quarter worth $33,000. Lenox Wealth Management Inc. purchased a new stake in TD Ameritrade in the first quarter worth $102,000. Kinneret Advisory LLC bought a new position in TD Ameritrade in the fourth quarter worth $151,000. Advisor Group Inc. raised its holdings in TD Ameritrade by 37.8% in the fourth quarter. Advisor Group Inc. now owns 3,098 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 850 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in TD Ameritrade by 88.3% in the first quarter. Penserra Capital Management LLC now owns 3,721 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 1,745 shares in the last quarter. 92.01% of the stock is owned by institutional investors.

About TD Ameritrade

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.

Read More: How is a buy-side analyst different from a sell-side analyst?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.