Wells Fargo & Co Reiterates Outperform Rating for TD Ameritrade (AMTD)

TD Ameritrade (NASDAQ:AMTD)‘s stock had its “outperform” rating reiterated by analysts at Wells Fargo & Co in a report issued on Thursday, The Fly reports. They currently have a $67.00 price objective on the financial services provider’s stock, up from their prior price objective of $56.00. Wells Fargo & Co’s price target would suggest a potential upside of 28.55% from the stock’s previous close.

AMTD has been the topic of several other reports. Bank of America set a $54.00 price target on shares of TD Ameritrade and gave the stock a “hold” rating in a report on Wednesday, October 25th. Deutsche Bank raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $55.00 in a report on Monday, November 13th. Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a report on Tuesday, October 3rd. Citigroup reaffirmed a “neutral” rating and issued a $50.00 price target on shares of TD Ameritrade in a report on Tuesday, October 10th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of TD Ameritrade in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $51.33.

TD Ameritrade (NASDAQ:AMTD) opened at $52.12 on Thursday. The company has a market cap of $29,305.09, a P/E ratio of 31.78, a P/E/G ratio of 1.11 and a beta of 1.57. TD Ameritrade has a 12 month low of $36.12 and a 12 month high of $54.24. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $983.00 million during the quarter, compared to the consensus estimate of $958.57 million. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. TD Ameritrade’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. analysts forecast that TD Ameritrade will post 2.33 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Jennison Associates raised its position in shares of TD Ameritrade by 20.8% in the third quarter. Jennison Associates now owns 3,287,458 shares of the financial services provider’s stock worth $104,673,000 after acquiring an additional 566,792 shares during the period. Eagle Asset Management raised its position in shares of TD Ameritrade by 74.2% in the third quarter. Eagle Asset Management now owns 966,468 shares of the financial services provider’s stock worth $30,772,000 after acquiring an additional 411,572 shares during the period. Janus Capital Management raised its position in shares of TD Ameritrade by 16.6% in the third quarter. Janus Capital Management now owns 7,736,864 shares of the financial services provider’s stock worth $246,342,000 after acquiring an additional 1,100,181 shares during the period. Assetmark acquired a new position in shares of TD Ameritrade in the third quarter worth about $0. Finally, Fourth Swedish National Pension Fund raised its position in shares of TD Ameritrade by 4.8% in the fourth quarter. Fourth Swedish National Pension Fund now owns 77,978 shares of the financial services provider’s stock worth $2,707,000 after acquiring an additional 3,540 shares during the period. 88.56% of the stock is currently owned by institutional investors.

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TD Ameritrade Company Profile

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.

The Fly

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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