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BR

Broadridge

$113.15

0.73 (0.65%)

, AMTD

TD Ameritrade

$53.97

0.695 (1.30%)

07:04
04/17/19
04/17
07:04
04/17/19
07:04

Broadridge to acquire TD Ameritrade retirement plan custody and trust assets

Broadridge (BR) announced it has entered into a purchase agreement to acquire the retirement plan custody and trust assets from TD Ameritrade Trust Company, a subsidiary of TD Ameritrade (AMTD). The acquisition will expand Broadridge's suite of solutions for the growing qualified and non-qualified retirement plan services market and the support it provides for third-party administrators, financial advisors, record-keepers, banks, and brokers. The acquisition of TD Ameritrade's retirement plan custody and trust assets represents the continued expansion of Broadridge's Matrix Financial Solutions , a best-in-class mutual fund and ETF trade processing platform for the retirement industry with access to more than 25,000 funds. Upon closing of the transaction, Matrix is expected to have approximately $420B in assets under administration and over 118,000 plan accounts in custody. Terms of the deal were not disclosed. The transaction is expected to be completed in the second quarter of the calendar year, subject to customary closing conditions and regulatory approvals.

BR

Broadridge

$113.15

0.73 (0.65%)

AMTD

TD Ameritrade

$53.97

0.695 (1.30%)

  • 24

    Apr

BR Broadridge
$113.15

0.73 (0.65%)

03/13/19
03/13/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Carnival (CCL) upgraded to Buy from Neutral at Goldman Sachs analyst Stephen Grambling citing the company accelerating its net unit growth from 2.5% in the last 3 years to 5% over the next 3 years and also believes that concerns about net yields in Europe are overblown. 2. Sanderson Farms (SAFM) upgraded to Neutral from Underweight at JPMorgan with analyst Ken Goldman saying he now views the stock's upside/downside risk as balanced. 3. Axis Capital (AXS) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Meyer Shields saying Axis is positioned for strong underwriting improvement. 4. Broadridge (BR) upgraded to Outperform from Market Perform at Raymond James with analyst Patrick O'Shaughnessy saying he believes Broadridge's current valuation offers investors an attractive entry point into a differentiated, high barrier to entry business. 5. Aurora Cannabis (ACB) upgraded to Buy from Hold at GMP Securities with analyst Martin Landry saying new high profile strategic advisor Nelson Peltz could be "instrumental" in facilitating partnership talks with large consumer packaged goods companies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/13/19
03/13/19
UPGRADE
Target $118

Outperform
Broadridge upgraded to Outperform on GTO re-acceleration at Raymond James
As previously reported, Raymond James analyst Patrick O'Shaughnessy upgraded Broadridge to Outperform from Market Perform, with a $118 price target. The analyst believes Broadridge's current valuation offers investors an attractive entry point into a differentiated, high barrier to entry business. Further, O'Shaughnessy expects a re-acceleration in Global Technology & Operations segment revenue growth in the next few quarters to drive Broadridge's company-wide organic recurring revenue growth back to management's targeted 5%-7% range. Although he continues to be concerned about potential pricing reductions in Broadridge's regulated communications business, any financial impact is likely years away.
03/13/19
RAJA
03/13/19
UPGRADE
RAJA
Outperform
Broadridge upgraded to Outperform from Market Perform at Raymond James
02/08/19
02/08/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. GrubHub (GRUB) upgraded to Buy from Neutral at BofA/Merrill and Roth Capital. 2. Willis Towers Watson (WLTW) upgraded to Hold from Sell at Deutsche Bank with analyst Joshua Shanker saying with 2018 coming to a close, the free cash flow content of Willis Towers Watson's earnings has improved to a point where the "valuation discount to its peers is no longer materially under-representative." 3. Archer Daniels (ADM) upgraded to Buy from Hold at Stifel with analyst Vincent Anderson saying the stock at current levels largely price in the company's tough comps in soybean crush margins while undervaluing its potential earnings growth from "controllables" as the company shifts its focus to digesting recent acquisitions. 4. Rayonier (RYN) upgraded to Market Perform from Underperform at BMO Capital with analyst Mark Wilde citing valuation as the key driver of the upgrade. 5. Broadridge (BR) upgraded to Buy from Neutral at DA Davidson with analyst Peter Heckmann saying the 30% retreat in the stock price has made valuation more attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AMTD TD Ameritrade
$53.97

0.695 (1.30%)

03/27/19
WOLF
03/27/19
UPGRADE
WOLF
Peer Perform
TD Ameritrade upgraded to Peer Perform from Underperform at Wolfe Research
01/29/19
MSCO
01/29/19
NO CHANGE
MSCO
Overweight
Morgan Stanley sees 'more to come' from discount brokers after strong Q4
Morgan Stanley analyst Michael Cyprys said the "strong" Q4 earnings reports from Charles Schwab (SCHW), E-Trade (ETFC) and TD Ameritrade (AMTD) showed that the discount brokers can grow revenues in a volatile, late-cycle backdrop. He increased his 2020 top-line estimates across the group, citing expectations for higher net interest margins and higher cash balances. Cyprys, who said the valuations in the group remain compelling on both an absolute and relative basis, keeps Overweight ratings on all three stocks mentioned. He raised his price target on Charles Schwab to $57 from $55, on E-Trade to $62 from $61 and on TD Ameritrade to $64 from $59.
01/22/19
MSCO
01/22/19
NO CHANGE
Target $57
MSCO
Overweight
Charles Schwab target raised to $57 ahead of winter update at Morgan Stanley
Morgan Stanley analyst Michael Cyprys said he has increased conviction in Charles Schwab (SCHW) shares after the company saw stronger organic deposit growth and broadly strong underlying growth metrics in Q4. He expects Charles Schwab to provide2019 guidance at the company's upcoming Winter Update on February 5 that should meet consensus expectations, but he also expects Schwab to beat those expectations over the course of 2019, as they havve done in prior years. He also expects Charles Schwab to give "more rational" pricing commentary this late in the cycle, which should support the stock and peers TD Ameritrade (AMTD) and E-Trade (ETFC), Cyprys tells investors. He raised his price target on Charles Schwab shares to $57 from $55 ahead of the update call and keeps an Overweight rating on the stock.
01/04/19
MSCO
01/04/19
NO CHANGE
MSCO
Morgan Stanley says buy TD Ameritrade ahead of earnings, negative on Virtu
Morgan Stanley analyst Michael Cyprys lowered his Q4 EPS estimates by 11% for the Asset Manager and Broker group given that the S&P 500 fell nearly 14% in the quarter, upending what had been a positive year for equity markets up until that point. For 2019, he favors the discount brokers - TD Ameritrade (AMTD), E-Trade (ETFC) and Charles Schwab (SCHW) - given their more defensive earnings profiles. Ahead of the Q4 earnings season he sees TD Ameritrade as "compelling" given its greater skew to trading revenues among the eBrokers, greater derivative mix and rising client cash levels, Cyprys tells investors. He also views concerns around commission price cuts as overdone as doe not expect Charles Schwab to cut, the analyst added. Ahead of Q4 reporting, Cyprys is negative on Virtu Financial (VIRT), as he thinks expectations are too high and notes the stock has recently outperformed.

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FB

Facebook

$182.64

-1.13 (-0.61%)

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AGR

Avangrid

$52.60

0.245 (0.47%)

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ALLE

Allegion

$95.50

-0.45 (-0.47%)

05:57
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05:57
Earnings
Allegion reports Q1 adj. EPS 88c, consensus 87c »

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  • 25

    Apr

BIDU

Baidu

$169.25

-4.09 (-2.36%)

05:56
04/25/19
04/25
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Baidu, Embassy of Switzerland in China sign joint LOI to launch Mini Program »

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  • 16

    May

TAL

TAL Education

$34.41

-0.59 (-1.69%)

05:54
04/25/19
04/25
05:54
04/25/19
05:54
Earnings
Breaking Earnings news story on TAL Education »

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  • 25

    Apr

TAL

TAL Education

$34.41

-0.59 (-1.69%)

05:53
04/25/19
04/25
05:53
04/25/19
05:53
Earnings
TAL Education reports Q4 EPS 20c, consensus 11c »

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  • 25

    Apr

HD

Home Depot

$206.70

0.65 (0.32%)

, LOW

Lowe's

$113.98

0.44 (0.39%)

05:51
04/25/19
04/25
05:51
04/25/19
05:51
Recommendations
Home Depot, Lowe's analyst commentary  »

Baird boosts Home Depot,…

HD

Home Depot

$206.70

0.65 (0.32%)

LOW

Lowe's

$113.98

0.44 (0.39%)

03/08/13
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  • 21

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AVP

Avon Products

$2.96

0.045 (1.55%)

05:47
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05:47
Hot Stocks
Avon Products comments on Avon North America transaction »

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WMT

Walmart

$103.51

0.45 (0.44%)

05:44
04/25/19
04/25
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05:44
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UK CMA prohibits merger of Walmart subsidiary Asda with Sainsbury's »

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UBS

UBS

$13.16

0.07 (0.53%)

05:41
04/25/19
04/25
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05:41
Hot Stocks
UBS sees higher recurring revenues in Global Wealth Management, Asset Management »

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  • 25

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FB

Facebook

$182.64

-1.13 (-0.61%)

05:38
04/25/19
04/25
05:38
04/25/19
05:38
Recommendations
Facebook price target raised to $215 from $195 at Baird »

Baird analyst Colin…

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UBS

UBS

$13.16

0.07 (0.53%)

05:37
04/25/19
04/25
05:37
04/25/19
05:37
Earnings
UBS reports Q1 EPS 30c, consensus 24c »

Reports Q1 book value per…

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  • 25

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PYPL

PayPal

$107.18

0.27 (0.25%)

05:35
04/25/19
04/25
05:35
04/25/19
05:35
Recommendations
PayPal analyst commentary at Baird »

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  • 09

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NOW

ServiceNow

$242.41

-1.085 (-0.45%)

05:32
04/25/19
04/25
05:32
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05:32
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ServiceNow analyst commentary  »

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  • 05

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CTXS

Citrix

$100.45

-0.4 (-0.40%)

05:29
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ALGN

Align Technology

$297.12

1.14 (0.39%)

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MSFT

Microsoft

$125.00

-0.5 (-0.40%)

05:24
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IRBT

iRobot

$100.39

-30.03 (-23.03%)

05:21
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  • 22

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SWI

SolarWinds

$19.77

0.325 (1.67%)

05:17
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  • 16

    May

XLNX

Xilinx

$139.79

2.66 (1.94%)

05:15
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Xilinx rating change  »

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  • 14

    May

SIRI

Sirius XM

$5.71

-0.43 (-7.00%)

05:13
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Upgrade
Sirius XM rating change  »

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  • 23

    May

APC

Anadarko

$71.41

7.29 (11.37%)

05:07
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Anadarko rating change  »

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  • 14

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CARO

Carolina Financial

$36.91

0.49 (1.35%)

05:06
04/25/19
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Earnings
Carolina Financial reports Q1 operating EPS 65c, consensus 69c »

Reports Q1 book value per…

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  • 25

    Apr

JBAXY

Julius Baer

$0.00

(0.00%)

05:06
04/25/19
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05:06
Downgrade
Julius Baer rating change  »

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GD

General Dynamics

$180.67

-1.66 (-0.91%)

05:04
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Upgrade
General Dynamics rating change at JPMorgan »

General Dynamics upgraded…

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