Zacks Investment Research cut shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) from a buy rating to a hold rating in a research note released on Monday.

According to Zacks, “Shares of TD Ameritrade have outperformed the industry in the past year. Yet, the company’s earnings surprise history is not that impressive. It surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. We remain cautious of the elevated costs, which are likely to weigh on the financials. However, the company recorded a rise in average client trades per day in the fiscal third quarter with the trend continuing in the first month of the current quarter, indicating trading activity improvement. 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. Moreover, easing margin pressure is another tailwind.”

A number of other equities analysts have also weighed in on the company. BidaskClub lowered TD Ameritrade Holding Corporation from a hold rating to a sell rating in a research note on Friday, August 18th. Morgan Stanley reissued an equal weight rating and set a $43.00 price objective (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reissued a buy rating and set a $50.00 price objective (up previously from $46.00) on shares of TD Ameritrade Holding Corporation in a research note on Wednesday, July 19th. Keefe, Bruyette & Woods reissued a hold rating and set a $44.50 price objective on shares of TD Ameritrade Holding Corporation in a research note on Friday, July 14th. Finally, Instinet reissued a buy rating and set a $49.00 price objective (down previously from $50.00) on shares of TD Ameritrade Holding Corporation in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $44.40.

Shares of TD Ameritrade Holding Corporation (AMTD) opened at 44.25 on Monday. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of 27.66 and a beta of 1.48. The company’s 50-day moving average price is $43.98 and its 200 day moving average price is $40.93. TD Ameritrade Holding Corporation has a 12-month low of $31.95 and a 12-month high of $47.41.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The company had revenue of $931.00 million for the quarter, compared to analyst estimates of $897.98 million. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, equities analysts predict that TD Ameritrade Holding Corporation will post $1.69 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, July 28th. TD Ameritrade Holding Corporation’s dividend payout ratio (DPR) is presently 45.00%.

Institutional investors have recently made changes to their positions in the company. Valley National Advisers Inc. raised its holdings in shares of TD Ameritrade Holding Corporation by 6.1% in the 1st quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock valued at $126,000 after buying an additional 188 shares during the period. Global X Management Co. LLC raised its holdings in shares of TD Ameritrade Holding Corporation by 37.9% in the 1st quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock valued at $128,000 after buying an additional 904 shares during the period. Van ECK Associates Corp raised its holdings in shares of TD Ameritrade Holding Corporation by 7.3% in the 1st quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock valued at $140,000 after buying an additional 247 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of TD Ameritrade Holding Corporation by 1.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock valued at $171,000 after buying an additional 44 shares during the period. Finally, Federated Investors Inc. PA raised its holdings in shares of TD Ameritrade Holding Corporation by 5.1% in the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after buying an additional 198 shares during the period. 93.55% of the stock is currently owned by institutional investors and hedge funds.

About TD Ameritrade Holding Corporation

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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Analyst Recommendations for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

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