Equities researchers at Credit Suisse Group started coverage on shares of TD Ameritrade (NASDAQ:AMTD) in a note issued to investors on Thursday, The Fly reports. The brokerage set an “underperform” rating on the financial services provider’s stock.

A number of other analysts have also recently commented on AMTD. BidaskClub cut TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research cut TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $53.00 price target on shares of TD Ameritrade in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. TD Ameritrade currently has a consensus rating of “Buy” and a consensus price target of $50.14.

Shares of TD Ameritrade (NASDAQ:AMTD) traded up $0.30 on Thursday, reaching $51.17. The company’s stock had a trading volume of 4,226,342 shares, compared to its average volume of 2,546,638. TD Ameritrade has a 12 month low of $36.12 and a 12 month high of $51.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. The firm has a market cap of $28,346.97, a PE ratio of 28.74, a P/E/G ratio of 1.67 and a beta of 1.57.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The company had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $958.57 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue was up 18.6% compared to the same quarter last year. equities research analysts predict that TD Ameritrade will post 2.3 EPS for the current fiscal year.

In other news, Director Joseph H. Moglia sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $44.66, for a total value of $669,900.00. Following the completion of the transaction, the director now owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was bought at an average cost of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. Insiders own 0.42% of the company’s stock.

Hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of TD Ameritrade by 1.1% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 328,896 shares of the financial services provider’s stock valued at $11,416,000 after purchasing an additional 3,650 shares in the last quarter. CAM Group Holding A S increased its stake in shares of TD Ameritrade by 2.9% in the 2nd quarter. CAM Group Holding A S now owns 4,827,086 shares of the financial services provider’s stock valued at $137,452,000 after purchasing an additional 134,636 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of TD Ameritrade by 10.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 113,288 shares of the financial services provider’s stock valued at $4,870,000 after purchasing an additional 10,781 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of TD Ameritrade by 6.0% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 39,219 shares of the financial services provider’s stock valued at $1,361,000 after purchasing an additional 2,236 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of TD Ameritrade by 4.5% in the 4th quarter. Baillie Gifford & Co. now owns 22,021,106 shares of the financial services provider’s stock valued at $764,352,000 after purchasing an additional 947,965 shares in the last quarter. 88.74% of the stock is owned by institutional investors and hedge funds.

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About TD Ameritrade

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.

The Fly

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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