TD Ameritrade Holding Corporation (AMTD) Downgraded to Sell at BidaskClub

TD Ameritrade Holding Corporation (NASDAQ:AMTD) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

Other equities analysts have also recently issued reports about the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $46.00 price target (down from $48.00) on shares of TD Ameritrade Holding Corporation in a research note on Saturday, April 22nd. Instinet reaffirmed a “buy” rating and set a $49.00 price target (down from $50.00) on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. Nomura lowered their price target on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, July 13th. Rosenblatt Securities assumed coverage on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Zacks Investment Research raised shares of TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.47.

TD Ameritrade Holding Corporation (NASDAQ AMTD) traded up 0.38% during trading on Friday, reaching $42.60. 1,408,169 shares of the company’s stock traded hands. The stock has a market cap of $22.49 billion, a P/E ratio of 26.62 and a beta of 1.48. TD Ameritrade Holding Corporation has a one year low of $30.97 and a one year high of $47.41. The firm’s 50 day moving average price is $44.94 and its 200-day moving average price is $40.99.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The business had revenue of $931 million for the quarter, compared to analysts’ expectations of $897.98 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that TD Ameritrade Holding Corporation will post $1.68 earnings per share for the current fiscal year.

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In other news, Director Joseph H. Moglia sold 10,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $40.45, for a total transaction of $404,500.00. Following the transaction, the director now directly owns 170,000 shares in the company, valued at approximately $6,876,500. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AMTD. Valley National Advisers Inc. raised its position in shares of TD Ameritrade Holding Corporation by 6.1% in the first quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock valued at $126,000 after buying an additional 188 shares during the last quarter. Global X Management Co. LLC raised its position in shares of TD Ameritrade Holding Corporation by 37.9% in 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 buying an additional 904 shares during the last quarter. Van ECK Associates Corp raised its position in shares of TD Ameritrade Holding Corporation by 7.3% in the first quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock valued at $140,000 after buying an additional 247 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of TD Ameritrade Holding Corporation by 1.0% in 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 buying an additional 44 shares during the last quarter. Finally, Federated Investors Inc. PA raised its position in shares of TD Ameritrade Holding Corporation by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after buying an additional 198 shares during the last quarter. Institutional investors and hedge funds own 90.40% 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.

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