Rosenblatt Securities set a $65.00 price target on TD Ameritrade (NASDAQ:AMTD) in a report released on Friday morning. The brokerage currently has a buy rating on the financial services provider’s stock.
AMTD has been the topic of a number of other research reports. Barclays raised shares of TD Ameritrade from an equal weight rating to an overweight rating and increased their price objective for the stock from $54.00 to $68.00 in a research report on Monday, January 8th. BidaskClub raised shares of TD Ameritrade from a buy rating to a strong-buy rating in a research report on Thursday, January 11th. Credit Suisse Group reissued an underperform rating and set a $52.00 price objective (up previously from $45.00) on shares of TD Ameritrade in a research report on Tuesday, January 16th. Citigroup increased their price objective on shares of TD Ameritrade from $60.00 to $61.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. Finally, Deutsche Bank increased their price objective on shares of TD Ameritrade from $69.00 to $70.00 and gave the stock a buy rating in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $61.91.
AMTD stock opened at $57.57 on Friday. The stock has a market cap of $32,663.45, a PE ratio of 27.03, a P/E/G ratio of 0.94 and a beta of 1.35. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. TD Ameritrade has a 1 year low of $36.12 and a 1 year high of $63.01.
TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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%. sell-side analysts expect that TD Ameritrade will post 3.07 EPS for the current fiscal year.
In related news, EVP Thomas A. Nally sold 17,243 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total value of $967,849.59. Following the sale, the executive vice president now owns 160,079 shares in the company, valued at approximately $8,985,234.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the completion of the sale, the director now owns 145,000 shares in the company, valued at approximately $8,015,600. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.
A number of large investors have recently bought and sold shares of AMTD. TD Asset Management Inc. purchased a new stake in TD Ameritrade in the 3rd quarter valued at about $303,000. WINTON GROUP Ltd purchased a new stake in TD Ameritrade in the 3rd quarter valued at about $300,000. Schwab Charles Investment Management Inc. increased its stake in TD Ameritrade by 6.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 516,157 shares of the financial services provider’s stock valued at $25,189,000 after buying an additional 33,511 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in TD Ameritrade by 63.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 38,147 shares of the financial services provider’s stock valued at $1,861,000 after buying an additional 14,775 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in TD Ameritrade by 6.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,852 shares of the financial services provider’s stock valued at $1,700,000 after buying an additional 1,980 shares during the last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock.
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TD Ameritrade Company Profile
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
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