Deutsche Bank Initiates Coverage on TD Ameritrade Holding Corp. (AMTD)
Stock analysts at Deutsche Bank initiated coverage on shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at 32.31 on Thursday. TD Ameritrade Holding Corp. has a one year low of $25.19 and a one year high of $35.82. The stock has a 50-day moving average of $31.54 and a 200-day moving average of $31.80. The company has a market cap of $17.689 billion and a P/E ratio of 23.11.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.01. The company had revenue of $763.00 million for the quarter, compared to the consensus estimate of $767.65 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that TD Ameritrade Holding Corp. will post $1.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, July 30th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group initiated coverage on shares of TD Ameritrade Holding Corp. in a research note on Monday, July 14th. They set a “hold” rating and a $34.00 price target on the stock. Analysts at Credit Suisse cut their price target on shares of TD Ameritrade Holding Corp. from $35.00 to $33.00 in a research note on Wednesday, June 11th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. TD Ameritrade Holding Corp. currently has an average rating of “Hold” and an average price target of $33.40.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) is a provider of securities brokerage services and technology-based financial services to retail investors, traders and independent registered investment advisors (RIAs).
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