Market Overview

ISI Group Reiterates Buy Rating, $23 PT on TD Ameritrade Holding on Good February Metrics

Related AMTD
Benzinga's Top Initiations
Deutsche Bank Initiates TD Ameritrade Holding With Buy
Schwab's 1Q Profits Soar 58%, Top Views (Fox Business)

In a report published Monday, ISI Group reiterated its Buy rating and $23.00 price target on TD Ameritrade Holding Corp. (NYSE: AMTD).

ISI Group noted, “AMTD's February metrics were roughly in line with expectations, though IDA balances are trending lower than forecast, though this is offset by fee-based balances trending higher than expected. February DARTs of 386k were near our 387k forecast and flat with January. With client assets of $502.5bn (up 1% from January) we estimate net new assets were $3-4bn in the month, implying an annualized organic growth rate of 8-9%, in middle of mgmt's target range but below our 12% forecast for CY1Q. Fee-based asset growth of 3% vs. Jan. outpaced equity market.”

TD Ameritrade Holding Corp. closed on Friday at $20.98.

Posted-In: ISI GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AMTD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters