TD Ameritrade (NASDAQ:AMTD) had its target price upped by Morgan Stanley from $56.00 to $61.00 in a note issued to investors on Tuesday. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 9.93% from the company’s previous close.
Several other research firms have also recently issued reports on AMTD. Sandler O’Neill reiterated a “buy” rating and set a $63.00 target price on shares of TD Ameritrade in a research report on Tuesday, January 23rd. Citigroup boosted their target price on TD Ameritrade from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. SunTrust Banks boosted their price target on TD Ameritrade to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Barclays boosted their price target on TD Ameritrade from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Nomura boosted their price target on TD Ameritrade from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.29.
TD Ameritrade (AMTD) traded down $0.10 during midday trading on Tuesday, reaching $55.49. The company’s stock had a trading volume of 3,156,962 shares, compared to its average volume of 3,373,702. 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 52 week low of $36.12 and a 52 week high of $57.85. The firm has a market cap of $31,180.08, a PE ratio of 31.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.57.
In related news, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $55.28, for a total value of $552,800.00. Following the sale, the director now owns 145,000 shares of the company’s stock, valued at approximately $8,015,600. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.44% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank lifted its stake in TD Ameritrade by 5.0% in the 3rd quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock valued at $11,419,426,000 after buying an additional 11,082,105 shares in the last quarter. Janus Henderson Group PLC lifted its stake in TD Ameritrade by 2.3% in the 3rd 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 buying an additional 473,846 shares in the last quarter. State Street Corp lifted its stake in TD Ameritrade by 0.5% in the 2nd quarter. State Street Corp now owns 4,752,164 shares of the financial services provider’s stock valued at $204,291,000 after buying an additional 23,599 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in TD Ameritrade by 7.0% in the 3rd 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 buying an additional 267,600 shares in the last quarter. Finally, BT Investment Management Ltd lifted its stake in TD Ameritrade by 4.2% in the 3rd quarter. BT Investment Management Ltd now owns 3,591,397 shares of the financial services provider’s stock valued at $175,260,000 after buying an additional 143,923 shares in the last quarter. 88.56% of the stock is currently owned by hedge funds and other institutional investors.
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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.
