Barclays Stays Positive on TD Ameritrade (AMTD) Despite Mixed August Data
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Price: $22.39 +0.31%
Rating Summary:
4 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
4 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AMTD Now!
Barclays maintains an 'Overweight' on TD Ameritrade (NASDAQ: AMTD) price target of $18.00.
Shares of AMTD had been down most of the trading session, but closed up 1%. The stock have moved higher by $1.00 since August 27th, a move of ~6%.
Roger A. Freeman, reviewing AMTD's August trading metrics, said, "softer than expected for the month, but client asset balances moved higher. Trading activity (DARTs) was down 8.7% sequentially, client assets moved higher by 2.6% during the month (presumably helped the increase in the market), and IDA balances finished 1.8% higher for August. We believe that while many of macro headwinds remain in place, we could see some improvement in Sept volumes given the release of some pent-up trading activity from a vacation-impacted August."
For an analyst ratings summary and ratings history on TD Ameritrade click here. For more ratings news on TD Ameritrade click here.
Shares of TD Ameritrade closed at $18.38 yesterday, with a 52 week range of $13.69-$20.59.
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Shares of AMTD had been down most of the trading session, but closed up 1%. The stock have moved higher by $1.00 since August 27th, a move of ~6%.
Roger A. Freeman, reviewing AMTD's August trading metrics, said, "softer than expected for the month, but client asset balances moved higher. Trading activity (DARTs) was down 8.7% sequentially, client assets moved higher by 2.6% during the month (presumably helped the increase in the market), and IDA balances finished 1.8% higher for August. We believe that while many of macro headwinds remain in place, we could see some improvement in Sept volumes given the release of some pent-up trading activity from a vacation-impacted August."
For an analyst ratings summary and ratings history on TD Ameritrade click here. For more ratings news on TD Ameritrade click here.
Shares of TD Ameritrade closed at $18.38 yesterday, with a 52 week range of $13.69-$20.59.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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