Brokerages Set TD Ameritrade Holding Corp. (AMTD) Target Price at $63.41
TD Ameritrade Holding Corp. (NASDAQ:AMTD) has earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $63.05.
A number of analysts have weighed in on the company. Zacks Investment Research downgraded TD Ameritrade from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Bank of America set a $60.00 price target on TD Ameritrade and gave the stock a “buy” rating in a report on Tuesday, April 9th. Barclays decreased their price target on TD Ameritrade from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday. Wolfe Research upgraded TD Ameritrade from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Finally, BidaskClub downgraded TD Ameritrade from a “hold” rating to a “sell” rating in a report on Friday, March 22nd.
TD Ameritrade stock traded down $0.44 during trading hours on Wednesday, reaching $53.28. 1,588,200 shares of the company’s stock were exchanged, compared to its average volume of 2,070,756. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.42. TD Ameritrade has a twelve month low of $45.70 and a twelve month high of $62.99. The company has a market cap of $30.14 billion, a P/E ratio of 15.95, a PEG ratio of 0.78 and a beta of 1.23.
In other news, EVP Thomas A. Nally sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 157,780 shares in the company, valued at approximately $8,851,458. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.44% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of AMTD. Norges Bank acquired a new stake in shares of TD Ameritrade in the 4th quarter valued at about $158,098,000. JPMorgan Chase & Co. grew its stake in shares of TD Ameritrade by 74.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,219,403 shares of the financial services provider’s stock valued at $170,080,000 after buying an additional 1,374,810 shares during the period. Bank of New York Mellon Corp grew its stake in shares of TD Ameritrade by 50.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,238,320 shares of the financial services provider’s stock valued at $118,250,000 after buying an additional 753,480 shares during the period. Point72 Asset Management L.P. grew its stake in shares of TD Ameritrade by 292.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 940,181 shares of the financial services provider’s stock valued at $49,670,000 after buying an additional 700,781 shares during the period. Finally, Boston Partners grew its stake in shares of TD Ameritrade by 5.8% in the 4th quarter. Boston Partners now owns 6,799,245 shares of the financial services provider’s stock valued at $332,891,000 after buying an additional 373,417 shares during the period. 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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