TD Ameritrade (AMTD) Lifted to “Strong-Buy” at BidaskClub
TD Ameritrade (NASDAQ:AMTD) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.
Other equities analysts have also issued research reports about the company. Deutsche Bank raised their price objective on TD Ameritrade from $49.00 to $53.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, October 3rd. Citigroup restated a “neutral” rating and set a $50.00 price objective on shares of TD Ameritrade in a research note on Tuesday, October 10th. Bank of America lowered TD Ameritrade from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $51.00 to $52.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, SunTrust Banks restated a “buy” rating on shares of TD Ameritrade in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. TD Ameritrade currently has a consensus rating of “Buy” and an average price target of $49.93.
TD Ameritrade (NASDAQ AMTD) traded up $0.50 during trading on Friday, reaching $51.67. The company’s stock had a trading volume of 2,670,000 shares, compared to its average volume of 1,750,000. TD Ameritrade has a 12-month low of $36.12 and a 12-month high of $51.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $29,290.00, a price-to-earnings ratio of 29.41, a PEG ratio of 1.71 and a beta of 1.57.
In related news, Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $44.66, for a total transaction of $669,900.00. Following the sale, the director now owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The disclosure for this purchase can be found here. Company insiders own 0.42% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMTD. Crow Point Partners LLC acquired a new stake in shares of TD Ameritrade during the 3rd quarter valued at $102,000. Federated Investors Inc. PA boosted its holdings in shares of TD Ameritrade by 5.1% during 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. boosted its holdings in shares of TD Ameritrade by 27.9% during 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 stake in shares of TD Ameritrade during the 3rd quarter valued at $203,000. Finally, Letko Brosseau & Associates Inc. acquired a new stake in shares of TD Ameritrade during the 2nd quarter valued at $215,000. 88.74% of the stock is currently 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.
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