Deutsche Bank Cuts TD Ameritrade (NASDAQ:AMTD) Price Target to $46.00

TD Ameritrade (NASDAQ:AMTD) had its target price reduced by Deutsche Bank from $47.00 to $46.00 in a research note issued to investors on Wednesday morning, AnalystRatings.com reports. They currently have a hold rating on the financial services provider’s stock.

AMTD has been the topic of several other reports. Barclays cut their target price on TD Ameritrade from $58.00 to $57.00 and set an overweight rating on the stock in a report on Tuesday, July 23rd. Compass Point set a $58.00 target price on TD Ameritrade and gave the stock a buy rating in a report on Tuesday, July 2nd. Gabelli reaffirmed a buy rating on shares of TD Ameritrade in a report on Wednesday, July 24th. Morgan Stanley lifted their price objective on TD Ameritrade from $53.00 to $54.00 and gave the stock an equal weight rating in a research report on Wednesday, July 24th. Finally, Credit Suisse Group lifted their price objective on TD Ameritrade from $60.00 to $61.00 and gave the stock a neutral rating in a research report on Tuesday, July 23rd. Two analysts have 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 stock presently has a consensus rating of Hold and an average price target of $56.55.

Shares of AMTD opened at $42.91 on Wednesday. The company has a market capitalization of $24.06 billion, a PE ratio of 12.85, a PEG ratio of 0.99 and a beta of 1.16. TD Ameritrade has a 12 month low of $42.72 and a 12 month high of $59.42. The stock’s 50-day moving average price is $48.58 and its two-hundred day moving average price is $51.79. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.42.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Monday, August 5th. TD Ameritrade’s payout ratio is 35.93%.

Institutional investors have recently modified their holdings of the stock. MUFG Americas Holdings Corp bought a new stake in TD Ameritrade in the 2nd quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in TD Ameritrade in the 2nd quarter valued at about $32,000. Steward Partners Investment Advisory LLC bought a new stake in TD Ameritrade in the 2nd quarter valued at about $35,000. CSat Investment Advisory L.P. bought a new stake in TD Ameritrade in the 2nd quarter valued at about $83,000. Finally, Lenox Wealth Management Inc. bought a new stake in TD Ameritrade in the 1st quarter valued at about $102,000. 91.27% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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