TD Ameritrade (NASDAQ:AMTD) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Shares of TD Ameritrade have outperformed the industry in the past six months. Further, the company has a decent earnings surprise. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. We remain cautious of elevated costs, which are likely to weigh on its financials. Further, its deal to acquire Scottrade is likely to be accretive to earnings per share (EPS) in double digits. Also, TD Ameritrade’s steady capital deployment activities and revenue growth are encouraging.”

A number of other equities analysts have also recently issued reports on AMTD. BidaskClub raised TD Ameritrade from a “buy” rating to a “strong-buy” rating in a report on Saturday. Credit Suisse Group began coverage on TD Ameritrade in a report on Thursday, November 30th. They issued an “underperform” rating and a $45.00 target price for the company. Deutsche Bank raised TD Ameritrade from a “hold” rating to a “buy” rating and increased their target price for the stock from $53.00 to $55.00 in a report on Monday, November 13th. Bank of America set a $54.00 target price on TD Ameritrade and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks reissued a “buy” rating on shares of TD Ameritrade in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $49.93.

TD Ameritrade (NASDAQ:AMTD) traded up $1.67 during trading on Tuesday, reaching $53.34. The company’s stock had a trading volume of 3,078,200 shares, compared to its average volume of 2,550,819. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $30,240.00, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.57. TD Ameritrade has a 12-month low of $36.12 and a 12-month high of $54.24.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The firm had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $958.57 million. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. sell-side analysts expect that TD Ameritrade will post 2.31 earnings per share for the current year.

In other TD Ameritrade news, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph H. Moglia sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $44.66, for a total value of $669,900.00. Following the sale, the director now owns 155,000 shares in the company, valued at $6,922,300. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AXA boosted its position in TD Ameritrade by 22.5% in the 3rd quarter. AXA now owns 594,577 shares of the financial services provider’s stock valued at $29,015,000 after buying an additional 109,302 shares during the last quarter. Gofen & Glossberg LLC IL bought a new position in TD Ameritrade in the 3rd quarter valued at $293,000. IFM Investors Pty Ltd bought a new position in TD Ameritrade in the 3rd quarter valued at $418,000. RWC Asset Management LLP boosted its position in TD Ameritrade by 48.9% in the 3rd quarter. RWC Asset Management LLP now owns 636,693 shares of the financial services provider’s stock valued at $31,071,000 after buying an additional 209,212 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in TD Ameritrade by 2.5% in the 3rd quarter. California Public Employees Retirement System now owns 554,421 shares of the financial services provider’s stock valued at $27,056,000 after buying an additional 13,521 shares during the last quarter. Hedge funds and other institutional investors own 88.74% of the company’s stock.

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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.

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