TD Ameritrade (NASDAQ:AMTD) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, November 13th, Marketbeat Ratings reports. The brokerage currently has a $55.00 price objective on the financial services provider’s stock, up from their prior price objective of $53.00. Deutsche Bank’s target price indicates a potential upside of 7.57% from the company’s current price.
A number of other brokerages also recently commented on AMTD. Jefferies Group reaffirmed a “hold” rating and issued a $46.00 price objective on shares of TD Ameritrade in a research report on Friday, October 6th. SunTrust Banks reaffirmed a “buy” rating on shares of TD Ameritrade in a research report on Wednesday, October 25th. Bank of America set a $54.00 price objective on TD Ameritrade and gave the company a “hold” rating in a research report on Wednesday, October 25th. Morgan Stanley lifted their price objective on TD Ameritrade from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $53.00 price target on shares of TD Ameritrade in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.21.
Shares of TD Ameritrade (AMTD) traded down $0.34 during trading hours on Monday, hitting $51.13. The stock had a trading volume of 1,781,399 shares, compared to its average volume of 2,416,158. The stock has a market capitalization of $28,987.59, a P/E ratio of 31.18, a P/E/G ratio of 1.10 and a beta of 1.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. TD Ameritrade has a twelve month low of $36.12 and a twelve month high of $54.24.
A number of hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank grew its position in TD Ameritrade by 5.0% during the third quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock valued at $11,419,426,000 after acquiring an additional 11,082,105 shares during the period. Janus Henderson Group PLC lifted its stake in shares of TD Ameritrade by 2.3% during the third quarter. Janus Henderson Group PLC now owns 20,878,793 shares of the financial services provider’s stock worth $1,018,884,000 after purchasing an additional 473,846 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of TD Ameritrade by 3.2% during the second quarter. Vanguard Group Inc. now owns 13,265,664 shares of the financial services provider’s stock worth $570,291,000 after purchasing an additional 408,837 shares in the last quarter. FMR LLC lifted its stake in shares of TD Ameritrade by 103.8% during the second quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock worth $450,351,000 after purchasing an additional 5,336,529 shares in the last quarter. Finally, RPTC Inc. acquired a new position in shares of TD Ameritrade during the second quarter worth about $402,937,000. 88.56% of the stock is owned by hedge funds and other 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.
