TD Ameritrade (NASDAQ:AMTD) had its price target boosted by SunTrust Banks to $72.00 in a report issued on Wednesday, The Fly reports. The firm currently has a “buy” rating on the financial services provider’s stock. SunTrust Banks’ price objective indicates a potential upside of 29.10% from the company’s previous close.
Several other research analysts have also weighed in on the company. Deutsche Bank upped their price target on TD Ameritrade from $49.00 to $53.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. BidaskClub lowered TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. Jefferies Group reissued a “hold” rating and set a $46.00 price target on shares of TD Ameritrade in a research report on Friday, October 6th. Credit Suisse Group started coverage on TD Ameritrade in a research report on Thursday, November 30th. They issued an “underperform” rating and a $45.00 target price on the stock. Finally, Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.65.
TD Ameritrade (NASDAQ:AMTD) traded down $0.82 during trading hours on Wednesday, reaching $55.77. The company had a trading volume of 4,084,542 shares, compared to its average volume of 2,930,000. The firm has a market capitalization of $31,630.00, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 1.04 and a beta of 1.57. TD Ameritrade has a 52-week low of $36.12 and a 52-week high of $57.85. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37.
Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in shares of TD Ameritrade by 178.5% during the 4th quarter. SG Americas Securities LLC now owns 56,386 shares of the financial services provider’s stock worth $2,883,000 after acquiring an additional 36,137 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of TD Ameritrade during the 4th quarter worth about $126,000. Personal Capital Advisors Corp boosted its stake in shares of TD Ameritrade by 2.2% during the 4th quarter. Personal Capital Advisors Corp now owns 824,187 shares of the financial services provider’s stock worth $42,141,000 after acquiring an additional 17,372 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of TD Ameritrade by 123.4% during the 4th quarter. State of Alaska Department of Revenue now owns 34,758 shares of the financial services provider’s stock worth $1,775,000 after acquiring an additional 19,200 shares in the last quarter. Finally, Westpac Banking Corp boosted its stake in shares of TD Ameritrade by 30.7% during the 4th quarter. Westpac Banking Corp now owns 235,695 shares of the financial services provider’s stock worth $12,051,000 after acquiring an additional 55,400 shares in the last quarter. 88.54% 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.
