TD Ameritrade (NASDAQ:AMTD) Stock Rating Lowered by ValuEngine

TD Ameritrade (NASDAQ:AMTD) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

AMTD has been the topic of a number of other reports. Barclays lowered their price objective on TD Ameritrade from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Gabelli restated a “buy” rating on shares of TD Ameritrade in a research report on Wednesday, July 24th. BidaskClub upgraded TD Ameritrade from a “sell” rating to a “hold” rating in a research report on Friday, June 28th. Bank of America set a $60.00 price objective on TD Ameritrade and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Citigroup lowered their price objective on TD Ameritrade from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $57.60.

Shares of AMTD stock traded down $0.23 during trading hours on Thursday, reaching $49.45. 3,426,281 shares of the company’s stock were exchanged, compared to its average volume of 2,417,013. TD Ameritrade has a fifty-two week low of $45.70 and a fifty-two week high of $60.22. The company has a market capitalization of $28.27 billion, a PE ratio of 14.81, a P/E/G ratio of 1.15 and a beta of 1.16. The business’s fifty day simple moving average is $50.65. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.42.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Monday, July 22nd. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. TD Ameritrade had a return on equity of 27.13% and a net margin of 36.07%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts forecast that TD Ameritrade will post 4.01 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV grew its position in TD Ameritrade by 4.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 22,412 shares of the financial services provider’s stock valued at $1,120,000 after acquiring an additional 1,009 shares during the period. Dynamic Technology Lab Private Ltd grew its position in TD Ameritrade by 138.2% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,720 shares of the financial services provider’s stock valued at $2,036,000 after acquiring an additional 23,626 shares during the period. Cetera Advisor Networks LLC grew its position in TD Ameritrade by 3.5% in the fourth quarter. Cetera Advisor Networks LLC now owns 5,909 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 201 shares during the period. Rhumbline Advisers grew its position in TD Ameritrade by 12.0% in the first quarter. Rhumbline Advisers now owns 304,616 shares of the financial services provider’s stock valued at $15,228,000 after acquiring an additional 32,641 shares during the period. Finally, BlackRock Inc. grew its position in TD Ameritrade by 7.2% in the first quarter. BlackRock Inc. now owns 15,155,722 shares of the financial services provider’s stock valued at $757,634,000 after acquiring an additional 1,012,753 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

TD Ameritrade Company Profile

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.

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