TD Ameritrade (NASDAQ:AMTD) had its price objective lifted by research analysts at Nomura from $63.00 to $67.00 in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Nomura’s price target points to a potential upside of 20.14% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. SunTrust Banks reaffirmed a “buy” rating on shares of TD Ameritrade in a report on Wednesday, October 25th. Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, October 18th. BidaskClub lowered shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Deutsche Bank raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and increased their target price for the company from $53.00 to $55.00 in a report on Monday, November 13th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $63.00 target price on shares of TD Ameritrade in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TD Ameritrade has an average rating of “Buy” and an average target price of $56.65.
TD Ameritrade (NASDAQ AMTD) traded down $0.82 during trading on Wednesday, hitting $55.77. 4,062,014 shares of the stock traded hands, compared to its average volume of 2,930,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. 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. TD Ameritrade has a 12-month low of $36.12 and a 12-month high of $57.85.
A number of institutional investors have recently made changes to their positions in AMTD. Prudential Financial Inc. grew its holdings in TD Ameritrade by 2.9% in the 2nd quarter. Prudential Financial Inc. now owns 18,016 shares of the financial services provider’s stock worth $775,000 after acquiring an additional 500 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in TD Ameritrade by 2.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 46,942 shares of the financial services provider’s stock worth $2,018,000 after acquiring an additional 1,021 shares during the last quarter. Northern Trust Corp grew its holdings in TD Ameritrade by 4.9% in the 2nd quarter. Northern Trust Corp now owns 1,607,473 shares of the financial services provider’s stock worth $69,105,000 after acquiring an additional 74,446 shares during the last quarter. Vanguard Group Inc. grew its holdings in TD Ameritrade by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 13,265,664 shares of the financial services provider’s stock worth $570,291,000 after acquiring an additional 408,837 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in TD Ameritrade by 6.5% in the 2nd quarter. California Public Employees Retirement System now owns 540,900 shares of the financial services provider’s stock worth $23,253,000 after acquiring an additional 32,900 shares during the last quarter. 88.54% of the stock is currently 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.
