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Morgan Stanley Reaffirms Their Hold Rating on TD Ameritrade (AMTD)


Morgan Stanley analyst Michael Cyprys maintained a Hold rating on TD Ameritrade (NASDAQ: AMTD) today and set a price target of $61. The company’s shares closed yesterday at $53.03.

According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 5.2% and a 70.2% success rate. Cyprys covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Oaktree Capital Group Llc, and E*Trade Financial.

Currently, the analyst consensus on TD Ameritrade is a Moderate Buy with an average price target of $65.25, which is a 23.0% upside from current levels. In a report issued on October 1, Credit Suisse also maintained a Hold rating on the stock with a $64 price target.

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Based on TD Ameritrade’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.38 billion and net profit of $451 million. In comparison, last year the company earned revenue of $981 million and had a net profit of $211 million.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMTD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TD Ameritrade Holding Corp. engages in the provision of securities brokerage services and related technology-based financial services. It offers the following products and services to retail clients: touch-tone trading; trading over the internet, unlimited streaming, free real-time quotes; extended trading hours; direct access to market destinations, and commitment ton the speed of order execution. The company was founded by J. Joseph Ricketts in 1971 and is headquartered in Omaha, NE.