Barclays Upgrades TD Ameritrade (AMTD) to Overweight

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.

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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.

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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