UBS Group Lowers TD Ameritrade (NASDAQ:AMTD) Price Target to $40.00

TD Ameritrade (NASDAQ:AMTD) had its target price reduced by equities researchers at UBS Group from $54.00 to $40.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price indicates a potential upside of 18.69% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Gabelli reaffirmed a “buy” rating on shares of TD Ameritrade in a research note on Wednesday, July 24th. Citigroup reduced their price objective on shares of TD Ameritrade from $52.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Bank of America downgraded shares of TD Ameritrade from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $57.00 to $39.00 in a research report on Tuesday. Compass Point set a $58.00 price objective on shares of TD Ameritrade and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Finally, ValuEngine downgraded shares of TD Ameritrade from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.27.

Shares of NASDAQ AMTD traded up $0.85 during mid-day trading on Wednesday, hitting $33.70. The stock had a trading volume of 12,945,502 shares, compared to its average volume of 2,801,731. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.15 and a current ratio of 1.16. TD Ameritrade has a 1 year low of $32.69 and a 1 year high of $57.88. The business has a 50 day moving average price of $45.17 and a two-hundred day moving average price of $49.68. The firm has a market cap of $18.49 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.79 and a beta of 1.21.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Monday, July 22nd. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. TD Ameritrade had a net margin of 36.07% and a return on equity of 27.13%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts predict that TD Ameritrade will post 4.03 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. MUFG Americas Holdings Corp bought a new position in TD Ameritrade in the 2nd quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in TD Ameritrade in the 2nd quarter worth about $32,000. Steward Partners Investment Advisory LLC bought a new position in TD Ameritrade in the 2nd quarter worth about $35,000. CSat Investment Advisory L.P. bought a new position in TD Ameritrade in the 2nd quarter worth about $83,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in TD Ameritrade by 47.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,722 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 91.61% 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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