TD Ameritrade (NASDAQ:AMTD) had its price target boosted by equities researchers at Citigroup from $60.00 to $61.00 in a research report issued on Wednesday. The firm currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s target price points to a potential upside of 10.97% from the company’s current price.
Other analysts have also recently issued research reports about the company. SunTrust Banks reissued a “buy” rating on shares of TD Ameritrade in a report on Wednesday, October 25th. Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Wednesday, October 18th. BidaskClub cut TD Ameritrade from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Deutsche Bank raised TD Ameritrade from a “hold” rating to a “buy” rating and increased their price objective for the stock from $53.00 to $55.00 in a report on Monday, November 13th. Finally, Sandler O’Neill reissued a “buy” rating and set a $63.00 price objective on shares of TD Ameritrade in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $56.65.
Shares of TD Ameritrade (AMTD) traded up $0.52 on Wednesday, reaching $54.97. The company had a trading volume of 3,846,160 shares, compared to its average volume of 3,190,000. The stock has a market cap of $31,180.00, a PE ratio of 31.23, a price-to-earnings-growth ratio of 0.93 and a beta of 1.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 1.08. TD Ameritrade has a twelve month low of $36.12 and a twelve month high of $57.85.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.29. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a return on equity of 16.23% and a net margin of 23.63%. research analysts predict that TD Ameritrade will post 2.94 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in AMTD. Jennison Associates LLC grew its stake in TD Ameritrade by 13.4% in the fourth quarter. Jennison Associates LLC now owns 2,203,223 shares of the financial services provider’s stock worth $112,651,000 after purchasing an additional 260,867 shares in the last quarter. SG Americas Securities LLC increased its holdings in TD Ameritrade by 178.5% in the 4th quarter. SG Americas Securities LLC now owns 56,386 shares of the financial services provider’s stock valued at $2,883,000 after purchasing an additional 36,137 shares during the last quarter. Cerebellum GP LLC acquired a new stake in TD Ameritrade in the 4th quarter valued at approximately $126,000. Personal Capital Advisors Corp increased its holdings in TD Ameritrade by 2.2% in the 4th quarter. Personal Capital Advisors Corp now owns 824,187 shares of the financial services provider’s stock valued at $42,141,000 after purchasing an additional 17,372 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of TD Ameritrade by 123.4% in the fourth 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. Hedge funds and other institutional investors own 88.54% of the company’s stock.
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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.