TD Ameritrade (NASDAQ:AMTD)‘s stock had its “outperform” rating reiterated by equities research analysts at Wells Fargo & Co in a research report issued to clients and investors on Thursday. They currently have a $67.00 target price on the financial services provider’s stock, up from their previous target price of $56.00. Wells Fargo & Co’s price target would suggest a potential upside of 29.27% from the stock’s current price.
Several other research analysts also recently commented on the company. BidaskClub downgraded TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 29th. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Tuesday, December 26th. Credit Suisse Group began coverage on TD Ameritrade in a research note on Thursday, November 30th. They issued an “underperform” rating and a $45.00 price target for the company. Deutsche Bank upgraded TD Ameritrade from a “hold” rating to a “buy” rating and boosted their price target for the company from $53.00 to $55.00 in a research note on Monday, November 13th. Finally, Bank of America set a $54.00 price target on TD Ameritrade and gave the company a “hold” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. TD Ameritrade has an average rating of “Hold” and a consensus target price of $51.33.
TD Ameritrade (AMTD) opened at $51.83 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. TD Ameritrade has a one year low of $36.12 and a one year high of $54.24. The company has a market capitalization of $29,380.00, a P/E ratio of 31.60, a PEG ratio of 1.12 and a beta of 1.57.
TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The company had revenue of $983.00 million during the quarter, compared to the consensus estimate of $958.57 million. During the same period in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. research analysts anticipate that TD Ameritrade will post 2.33 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in AMTD. Crow Point Partners LLC acquired a new position in TD Ameritrade in the 3rd quarter valued at $102,000. Federated Investors Inc. PA raised its holdings in TD Ameritrade by 5.1% in the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 198 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in TD Ameritrade by 27.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,008 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in TD Ameritrade in the 3rd quarter valued at $203,000. Finally, Letko Brosseau & Associates Inc. acquired a new position in TD Ameritrade in the 2nd quarter valued at $215,000. 88.56% of the stock is owned by hedge funds and other 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.
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