Credit Suisse Maintains a Hold Rating on TD Ameritrade

By Austin Angelo

Credit Suisse analyst Craig Siegenthaler maintained a Hold rating on TD Ameritrade (NYSE: AMTD) yesterday and set a price target of $59. The company’s shares closed yesterday at $59.48, close to its 52-week high of $63.01.

According to TipRanks.com, Siegenthaler is a 4-star analyst with an average return of 7.7% and a 63.2% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, Raymond James Financial, and Affiliated Managers.

Currently, the analyst consensus on TD Ameritrade is Moderate Buy and the average price target is $66.41, representing an 11.7% upside.

In a report issued on April 10, Jefferies also reiterated a Hold rating on the stock with a $63 price target.

Based on TD Ameritrade’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.25 billion and quarterly net profit of $297 million. In comparison, last year the company earned revenue of $903 million and had a net profit of $214 million.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock.

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.