TD Ameritrade (AMTD) Research Coverage Started at Goldman Sachs Group

Goldman Sachs Group initiated coverage on shares of TD Ameritrade (NASDAQ:AMTD) in a research report released on Friday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $60.00 price target on the financial services provider’s stock.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of TD Ameritrade from a hold rating to a buy rating and set a $57.00 price target for the company in a research report on Thursday, October 25th. Bank of America decreased their price target on shares of TD Ameritrade from $67.00 to $63.00 and set a buy rating for the company in a research report on Wednesday, September 26th. BidaskClub raised shares of TD Ameritrade from a hold rating to a buy rating in a research report on Thursday, August 30th. UBS Group raised shares of TD Ameritrade from a neutral rating to a buy rating in a research report on Monday, November 19th. Finally, Morgan Stanley upped their price target on shares of TD Ameritrade from $60.00 to $61.00 and gave the stock a hold rating in a research report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $63.29.

Shares of NASDAQ AMTD opened at $53.81 on Friday. TD Ameritrade has a 52-week low of $48.03 and a 52-week high of $63.01. The firm has a market cap of $30.15 billion, a PE ratio of 16.11, a P/E/G ratio of 0.65 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.15 and a quick ratio of 1.15.

TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.04. TD Ameritrade had a net margin of 27.02% and a return on equity of 24.54%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company earned $0.49 EPS. The business’s quarterly revenue was up 42.2% compared to the same quarter last year. As a group, sell-side analysts expect that TD Ameritrade will post 3.97 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th were issued a $0.30 dividend. The ex-dividend date was Monday, November 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.23%. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.21. TD Ameritrade’s payout ratio is currently 35.93%.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in TD Ameritrade by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 15,634,496 shares of the financial services provider’s stock worth $825,971,000 after buying an additional 42,680 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in TD Ameritrade by 4,626.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 61,494 shares of the financial services provider’s stock worth $1,164,000 after buying an additional 60,193 shares in the last quarter. Nordea Investment Management AB lifted its holdings in TD Ameritrade by 62.9% in the 3rd quarter. Nordea Investment Management AB now owns 11,855 shares of the financial services provider’s stock worth $626,000 after buying an additional 4,576 shares in the last quarter. Teachers Advisors LLC lifted its holdings in TD Ameritrade by 0.3% in the 3rd quarter. Teachers Advisors LLC now owns 423,368 shares of the financial services provider’s stock worth $22,367,000 after buying an additional 1,209 shares in the last quarter. Finally, HRT Financial LLC acquired a new position in TD Ameritrade in the 3rd quarter worth $405,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

About TD Ameritrade

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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Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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