TD Ameritrade (NASDAQ:AMTD) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, January 11th.
A number of other research analysts have also recently issued reports on the stock. Deutsche Bank raised their price target on shares of TD Ameritrade from $49.00 to $53.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Jefferies Group reaffirmed a “hold” rating and issued a $46.00 price target on shares of TD Ameritrade in a report on Friday, October 6th. Credit Suisse Group started coverage on shares of TD Ameritrade in a report on Thursday, November 30th. They issued an “underperform” rating and a $45.00 price target for the company. Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, December 26th. Finally, Morgan Stanley raised their price target on shares of TD Ameritrade from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TD Ameritrade has a consensus rating of “Buy” and a consensus price target of $57.29.
Shares of TD Ameritrade (AMTD) opened at $54.07 on Thursday. The firm has a market cap of $31,923.14, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50. TD Ameritrade has a one year low of $36.12 and a one year high of $58.49. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 0.34.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.29. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate 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 3 EPS for the current year.
In related news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $55.28, for a total transaction of $552,800.00. Following the completion of the transaction, the director now owns 145,000 shares of the company’s stock, valued at $8,015,600. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.44% of the company’s stock.
Several institutional investors have recently modified their holdings of AMTD. Crow Point Partners LLC purchased a new position in TD Ameritrade in the third quarter valued at $102,000. Cerebellum GP LLC acquired a new stake in shares of TD Ameritrade in the fourth quarter valued at about $126,000. Federated Investors Inc. PA grew its position in shares of TD Ameritrade by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 198 shares during the period. Global Trust Asset Management LLC acquired a new stake in shares of TD Ameritrade in the fourth quarter valued at about $179,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of TD Ameritrade by 27.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,008 shares during the period. 88.62% of the stock is owned by hedge funds and other institutional investors.
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TD Ameritrade Company Profile
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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