TD Ameritrade (NASDAQ:AMTD) had its price target lowered by stock analysts at Bank of America from $67.00 to $63.00 in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the financial services provider’s stock. Bank of America’s price objective would indicate a potential upside of 16.36% from the stock’s current price.
Several other research firms also recently weighed in on AMTD. BidaskClub downgraded shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Jefferies Financial Group reissued a “hold” rating and issued a $62.00 target price on shares of TD Ameritrade in a research report on Friday, July 13th. Barclays lifted their target price on shares of TD Ameritrade from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, July 12th. Compass Point began coverage on shares of TD Ameritrade in a research report on Monday, June 4th. They set a “buy” rating and a $74.00 price objective on the stock. Finally, ValuEngine downgraded shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. TD Ameritrade presently has a consensus rating of “Buy” and an average target price of $64.97.
TD Ameritrade stock opened at $54.14 on Wednesday. The company has a market capitalization of $31.24 billion, a PE ratio of 29.42, a PEG ratio of 0.59 and a beta of 1.30. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. TD Ameritrade has a fifty-two week low of $46.66 and a fifty-two week high of $63.01.
TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Monday, July 23rd. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. TD Ameritrade had a net margin of 24.42% and a return on equity of 21.71%. The firm’s quarterly revenue was up 48.4% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. equities research analysts predict that TD Ameritrade will post 3.28 earnings per share for the current fiscal year.
In related news, EVP Peter J. Desilva acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were purchased at an average cost of $56.73 per share, with a total value of $283,650.00. Following the completion of the transaction, the executive vice president now owns 24,000 shares of the company’s stock, valued at approximately $1,361,520. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.44% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal London Asset Management Ltd. acquired a new stake in TD Ameritrade in the second quarter valued at approximately $6,529,000. Chicago Partners Investment Group LLC acquired a new stake in TD Ameritrade in the second quarter valued at approximately $115,000. Public Employees Retirement System of Ohio lifted its stake in TD Ameritrade by 48.1% in the second quarter. Public Employees Retirement System of Ohio now owns 187,639 shares of the financial services provider’s stock valued at $10,277,000 after acquiring an additional 60,951 shares during the last quarter. Verition Fund Management LLC acquired a new stake in TD Ameritrade in the second quarter valued at approximately $978,000. Finally, Advisors Asset Management Inc. lifted its stake in TD Ameritrade by 3,907.3% in the second quarter. Advisors Asset Management Inc. now owns 613,116 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 597,816 shares during the last quarter. Hedge funds and other institutional investors own 90.92% of the company’s stock.
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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