BGB Securities Puts out a “Sell” Call on Online Brokers (AMTD, SCHW)

By
A A A
Share |

Stock brokerage operators TD Ameritrade Holding Corp. ( AMTD ) and The Charles Schwab Corporation ( SCHW ) on Thursday caught some bearish commentary from analysts at BGB Securities.

The firm initiated coverage on AMTD with a "Sell" rating and a $15.50 price target, suggesting a 16% downside to the stock's Wednesday closing price of $18.50.

Meanwhile, the analyst also started SCHW as a "Sell" with an $11 price target. That target implies a 20% downside to the stock's Wednesday close of $13.72.

TD Ameritrade shares posted small losses in premarket trading Thursday, while Charles Schwab shares were mostly flat.

The Bottom Line
Shares of TD Ameritrade ( AMTD ) have a 1.08% dividend yield, based on last night's closing stock price of $18.78. The stock has technical support in the $16-$17 price area. If the shares can firm up, we see overhead resistance around the $20-$21 price levels. Shares of Charles Schwab ( SCHW ) have a 1.75% dividend yield, based on last night's closing stock price of $13.72. The stock has technical support in the $12-$13 price area. If the shares can firm up, we see overhead resistance around the $15-$16 price levels.

Both TD Ameritrade Holding Corp. ( AMTD ) and The Charles Schwab Corporation ( SCHW ) are currently rated "Neutral" by Dividend.com

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: AMT , SCHW

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Tiny Homes With Big Appeal
Tiny Homes With Big Appeal          

Stocks

Referenced

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com