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.
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.
