TD Ameritrade (NASDAQ:AMTD) had its price target cut by Citigroup from $55.00 to $53.00 in a research note published on Tuesday, BenzingaRatingsTable reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on AMTD. UBS Group restated a sell rating on shares of in a report on Monday, June 24th. Zacks Investment Research cut Hope Bancorp from a strong-buy rating to a hold rating in a report on Tuesday, March 26th. Bank of America set a $180.00 price objective on CME Group and gave the company a hold rating in a report on Tuesday, April 9th. Wolfe Research upgraded TD Ameritrade from an underperform rating to a market perform rating in a report on Wednesday, March 27th. Finally, Compass Point set a $52.00 price objective on E*TRADE Financial and gave the company a buy rating in a report on Tuesday, July 2nd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $60.04.

AMTD opened at $50.97 on Tuesday. The firm’s fifty day simple moving average is $50.69. TD Ameritrade has a 52-week low of $45.70 and a 52-week high of $60.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42. The stock has a market cap of $28.20 billion, a PE ratio of 15.26, a P/E/G ratio of 0.76 and a beta of 1.14.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.93. TD Ameritrade had a return on equity of 26.73% and a net margin of 34.94%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business earned $0.73 EPS. TD Ameritrade’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that TD Ameritrade will post 3.98 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of AMTD. Norges Bank purchased a new stake in shares of TD Ameritrade in the 4th quarter worth $158,098,000. JPMorgan Chase & Co. lifted its holdings in shares of TD Ameritrade by 46.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,704,467 shares of the financial services provider’s stock worth $235,175,000 after buying an additional 1,496,455 shares during the period. BlackRock Inc. lifted its holdings in shares of TD Ameritrade by 7.2% in the 1st quarter. BlackRock Inc. now owns 15,155,722 shares of the financial services provider’s stock worth $757,634,000 after buying an additional 1,012,753 shares during the period. First Trust Advisors LP lifted its holdings in shares of TD Ameritrade by 24.7% in the 1st quarter. First Trust Advisors LP now owns 4,634,288 shares of the financial services provider’s stock worth $231,668,000 after buying an additional 917,454 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of TD Ameritrade by 2,191.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 527,398 shares of the financial services provider’s stock worth $26,365,000 after buying an additional 504,380 shares during the period. Institutional investors and hedge funds own 92.03% of the company’s stock.

TD Ameritrade Company Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.

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Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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