TD Ameritrade Holding Corp. Earns Neutral Rating from Zacks (AMTD)
TD Ameritrade Holding Corp. (NASDAQ:AMTD)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Friday. They currently have a $34.00 target price on the stock. Zacks‘s price target indicates a potential upside of 3.82% from the company’s current price.
Zacks’ analyst wrote, “TD Ameritrade’s third-quarter fiscal 2014 was in line with the Zacks Consensus Estimate while it came above the prior-year quarter figure. Results were primarily aided by top-line growth. Further, a rise in total client assets and daily average client trades were the positives. However, higher expenses were on the downside. The company is focused on improving its trading and investing business through product innovation, technology upgrade, enhanced customer service as well as cost-effective marketing and sales. We remain cautious about volatile trading volumes amid a challenging macroeconomic environment. However, IDA agreements to mitigate the regulatory impact will likely benefit the company in the near term.”
Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded up 0.18% on Friday, hitting $32.81. The stock had a trading volume of 1,548,910 shares. TD Ameritrade Holding Corp. has a 1-year low of $25.19 and a 1-year high of $35.82. The stock’s 50-day moving average is $31.71 and its 200-day moving average is $31.84. The company has a market cap of $17.963 billion and a P/E ratio of 23.39.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last announced its earnings results 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. Analysts expect that TD Ameritrade Holding Corp. will post $1.39 EPS for the current fiscal year.
A number of other firms have also recently commented on AMTD. Analysts at Deutsche Bank initiated coverage on shares of TD Ameritrade Holding Corp. in a research note on Thursday, August 14th. They set a “buy” rating and a $38.00 price target on the stock. Separately, 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. Finally, 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. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.83.
In other TD Ameritrade Holding Corp. news, major shareholder M. Ricketts 1994 Dynas Marlene unloaded 708,600 shares of TD Ameritrade Holding Corp. stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $32.43, for a total value of $22,979,898.00. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
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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