TD Ameritrade (NASDAQ:AMTD) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Thursday.
AMTD has been the topic of several other research reports. Bank of America set a $54.00 price objective on shares of TD Ameritrade and gave the company a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of TD Ameritrade from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 5th. Deutsche Bank upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and upped their target price for the company from $53.00 to $55.00 in a research note on Monday, November 13th. Credit Suisse Group initiated coverage on shares of TD Ameritrade in a research note on Thursday, November 30th. They set an “underperform” rating and a $45.00 target price for the company. Finally, Morgan Stanley upped their target price on shares of TD Ameritrade from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $52.38.
Shares of TD Ameritrade (NASDAQ:AMTD) traded up $0.76 during trading hours on Thursday, hitting $54.50. 1,835,262 shares of the stock were exchanged, compared to its average volume of 2,329,683. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. TD Ameritrade has a 12 month low of $36.12 and a 12 month high of $54.59. The firm has a market cap of $30,913.49, a price-to-earnings ratio of 33.23, a P/E/G ratio of 1.06 and a beta of 1.57.
TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The business had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s revenue was up 18.6% compared to the same quarter last year. equities analysts forecast that TD Ameritrade will post 2.61 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in AMTD. Atlantic Trust Group LLC raised its holdings in TD Ameritrade by 4.9% during the 3rd quarter. Atlantic Trust Group LLC now owns 291,230 shares of the financial services provider’s stock worth $14,213,000 after buying an additional 13,476 shares during the period. Parametric Portfolio Associates LLC boosted its stake in TD Ameritrade by 25.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 257,842 shares of the financial services provider’s stock worth $12,583,000 after purchasing an additional 52,437 shares during the period. AXA boosted its stake in TD Ameritrade by 22.5% in the 3rd quarter. AXA now owns 594,577 shares of the financial services provider’s stock worth $29,015,000 after purchasing an additional 109,302 shares during the period. Gofen & Glossberg LLC IL bought a new position in TD Ameritrade in the 3rd quarter worth about $293,000. Finally, IFM Investors Pty Ltd bought a new position in TD Ameritrade in the 3rd quarter worth about $418,000. Institutional investors and hedge funds own 88.56% of the company’s stock.
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About TD Ameritrade
TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.
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