TD Ameritrade (NASDAQ:AMTD) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Monday, January 8th, Marketbeat Ratings reports. The firm presently has a $68.00 price objective on the financial services provider’s stock, up from their prior price objective of $54.00. Barclays’ target price would indicate a potential upside of 18.12% from the stock’s current price.
Several other analysts have also recently commented on the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $67.00 price target (up previously from $56.00) on shares of TD Ameritrade in a research note on Thursday, January 4th. BidaskClub cut shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 29th. Zacks Investment Research upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, December 26th. Credit Suisse Group started coverage on shares of TD Ameritrade in a research report on Thursday, November 30th. They set an “underperform” rating and a $45.00 target price on the stock. Finally, 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 report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. TD Ameritrade presently has a consensus rating of “Buy” and a consensus target price of $57.29.
TD Ameritrade (NASDAQ AMTD) traded up $1.78 on Monday, hitting $57.57. 4,501,918 shares of the company were exchanged, compared to its average volume of 2,960,000. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.12. TD Ameritrade has a 52 week low of $36.12 and a 52 week high of $57.85. The stock has a market cap of $32,650.00, a PE ratio of 32.71, a price-to-earnings-growth ratio of 0.94 and a beta of 1.57.
TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.29. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. equities research analysts anticipate that TD Ameritrade will post 2.94 EPS for the current year.
In other news, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $55.28, for a total value of $552,800.00. Following the completion of the sale, the director now owns 145,000 shares of the company’s stock, valued at approximately $8,015,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Boston Partners lifted its position in TD Ameritrade by 41.6% during the fourth quarter. Boston Partners now owns 4,156,751 shares of the financial services provider’s stock valued at $212,535,000 after acquiring an additional 1,221,924 shares during the last quarter. Victory Capital Management Inc. lifted its position in TD Ameritrade by 12.7% during the fourth quarter. Victory Capital Management Inc. now owns 32,777 shares of the financial services provider’s stock valued at $1,676,000 after acquiring an additional 3,690 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in TD Ameritrade during the fourth quarter valued at approximately $228,000. Quantitative Systematic Strategies LLC purchased a new stake in TD Ameritrade during the fourth quarter valued at approximately $1,666,000. Finally, Chicago Equity Partners LLC purchased a new stake in TD Ameritrade during the fourth quarter valued at approximately $619,000. 88.56% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This piece was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/02/02/td-ameritrade-amtd-stock-rating-upgraded-by-barclays.html.
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.
Receive News & Ratings for TD Ameritrade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade and related companies with MarketBeat.com's FREE daily email newsletter.