TD Ameritrade (NASDAQ:AMTD) had its price target hoisted by investment analysts at Barclays from $68.00 to $72.00 in a report issued on Wednesday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays’ target price indicates a potential upside of 29.10% from the stock’s previous close.
A number of other research analysts have also recently issued reports on AMTD. Sandler O’Neill reissued a “buy” rating and set a $63.00 price target on shares of TD Ameritrade in a research report on Tuesday. SunTrust Banks lifted their price target on shares of TD Ameritrade to $72.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup lifted their price target on shares of TD Ameritrade from $60.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday. BidaskClub raised shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. 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, ten have issued a buy rating and one has issued a strong buy rating to the company. TD Ameritrade has a consensus rating of “Buy” and an average price target of $56.65.
Shares of TD Ameritrade (NASDAQ AMTD) traded down $0.82 during midday trading on Wednesday, reaching $55.77. 4,062,014 shares of the company were exchanged, compared to its average volume of 2,930,000. TD Ameritrade has a one year low of $36.12 and a one year high of $57.85. The stock has a market cap of $31,630.00, a PE ratio of 31.69, a P/E/G ratio of 1.04 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.
A number of institutional investors have recently modified their holdings of the business. Toronto Dominion Bank raised its holdings in TD Ameritrade by 5.0% in the third quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after buying an additional 11,082,105 shares during the last quarter. Janus Henderson Group PLC raised its holdings 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 valued at $1,018,884,000 after purchasing an additional 473,846 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 valued at $570,291,000 after purchasing an additional 408,837 shares during the last quarter. State Street Corp raised its holdings in shares of TD Ameritrade by 0.5% during the second quarter. State Street Corp now owns 4,752,164 shares of the financial services provider’s stock valued at $204,291,000 after purchasing an additional 23,599 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of TD Ameritrade by 7.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,103,000 shares of the financial services provider’s stock valued at $201,069,000 after purchasing an additional 267,600 shares during the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.
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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.
