TD Ameritrade (NASDAQ:AMTD) Stock Rating Upgraded by Wolfe Research

Wolfe Research upgraded shares of TD Ameritrade (NASDAQ:AMTD) from an underperform rating to a market perform rating in a research report report published on Wednesday, March 27th, The Fly reports.

AMTD has been the topic of several other reports. Zacks Investment Research raised TD Ameritrade from a hold rating to a buy rating and set a $58.00 target price on the stock in a research report on Tuesday, January 15th. Goldman Sachs Group assumed coverage on TD Ameritrade in a research report on Friday, November 30th. They set a neutral rating and a $60.00 target price on the stock. Morgan Stanley set a $64.00 target price on TD Ameritrade and gave the stock a buy rating in a research report on Tuesday, January 29th. BidaskClub lowered TD Ameritrade from a hold rating to a sell rating in a research report on Saturday, December 8th. Finally, Wells Fargo & Co dropped their target price on TD Ameritrade from $65.00 to $56.00 and set an outperform rating on the stock in a research report on Friday, January 4th. Two equities 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 company’s stock. The company presently has an average rating of Hold and a consensus price target of $62.50.

Shares of AMTD traded down $0.56 during trading hours on Wednesday, hitting $53.53. The stock had a trading volume of 2,910,053 shares, compared to its average volume of 2,612,195. 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 firm has a market capitalization of $30.04 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.23. TD Ameritrade has a 12-month low of $45.70 and a 12-month high of $62.99.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company posted $0.80 EPS. The business’s quarterly revenue was up 20.6% on a year-over-year basis. Sell-side analysts predict that TD Ameritrade will post 4.07 earnings per share for the current year.

In other TD Ameritrade news, EVP Thomas A. Nally sold 25,000 shares of TD Ameritrade stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $56.10, for a total value of $1,402,500.00. Following the completion of the transaction, the executive vice president now directly owns 157,780 shares in the company, valued at $8,851,458. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC raised its holdings in TD Ameritrade by 3.5% during the fourth quarter. Cetera Advisor Networks LLC now owns 5,909 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 201 shares in the last quarter. Parallel Advisors LLC raised its holdings in TD Ameritrade by 37.6% during the fourth quarter. Parallel Advisors LLC now owns 824 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 225 shares in the last quarter. CENTRAL TRUST Co raised its holdings in TD Ameritrade by 76.3% during the fourth quarter. CENTRAL TRUST Co now owns 543 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 235 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in TD Ameritrade by 0.9% during the fourth quarter. State of Alaska Department of Revenue now owns 40,801 shares of the financial services provider’s stock worth $1,996,000 after purchasing an additional 360 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. raised its holdings in TD Ameritrade by 0.3% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 146,375 shares of the financial services provider’s stock worth $7,167,000 after purchasing an additional 389 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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