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.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. During the same quarter last year, the company earned $0.35 EPS. The company’s revenue was up 18.6% on a year-over-year basis. equities analysts expect that TD Ameritrade will post 2.3 earnings per share for the current year.

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.

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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