AMTD has been the subject of several other reports. Zacks Investment Research upgraded TD Ameritrade from a hold rating to a buy rating and set a $58.00 price objective for the company in a research report on Tuesday, January 15th. Goldman Sachs Group started coverage on TD Ameritrade in a research report on Friday, November 30th. They set a neutral rating and a $60.00 price objective for the company. Morgan Stanley set a $64.00 price objective on TD Ameritrade and gave the stock a buy rating in a research report on Tuesday, January 29th. Barclays lifted their price objective on TD Ameritrade from $60.00 to $63.00 and gave the stock an overweight rating in a research report on Monday, March 18th. Finally, Wells Fargo & Co lowered their target price on shares of TD Ameritrade from $65.00 to $56.00 and set an outperform rating for the company in a research note on Friday, January 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $62.50.
Shares of AMTD stock traded down $0.44 during midday trading on Friday, reaching $53.28. 1,588,200 shares of the company traded hands, compared to its average volume of 2,070,756. TD Ameritrade has a 1-year low of $45.70 and a 1-year high of $62.99. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.42. The company has a market cap of $30.14 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 0.78 and a beta of 1.23.
In related news, EVP Thomas A. Nally sold 25,000 shares of TD Ameritrade stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $56.10, for a total transaction of $1,402,500.00. Following the transaction, the executive vice president now owns 157,780 shares in the company, valued at approximately $8,851,458. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.
Hedge funds have recently modified their holdings of the business. CENTRAL TRUST Co lifted its holdings in TD Ameritrade by 76.3% in the 4th quarter. CENTRAL TRUST Co now owns 543 shares of the financial services provider’s stock worth $27,000 after buying an additional 235 shares in the last quarter. Parallel Advisors LLC lifted its holdings in TD Ameritrade by 37.6% in the 4th quarter. Parallel Advisors LLC now owns 824 shares of the financial services provider’s stock worth $40,000 after buying an additional 225 shares in the last quarter. Enlightenment Research LLC acquired a new position in TD Ameritrade in the 4th quarter worth $78,000. Pearl River Capital LLC acquired a new position in TD Ameritrade in the 4th quarter worth $95,000. Finally, Kinneret Advisory LLC acquired a new position in TD Ameritrade in the 4th quarter worth $151,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.
TD Ameritrade Company Profile
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.
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