TD Ameritrade (NASDAQ:AMTD) Upgraded by BidaskClub to “Strong-Buy”

TD Ameritrade (NASDAQ:AMTD) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, March 6th.

Other research analysts also recently issued reports about the stock. Wells Fargo reissued an “outperform” rating and set a $67.00 target price (up from $56.00) on shares of TD Ameritrade in a research report on Thursday, January 4th. Nomura raised their price objective on shares of TD Ameritrade from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. SunTrust Banks raised their price objective on shares of TD Ameritrade to $72.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Sandler O’Neill reiterated a “buy” rating and issued a $63.00 target price on shares of TD Ameritrade in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $60.97.

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Shares of NASDAQ:AMTD traded up $2.00 on Tuesday, reaching $59.23. The company’s stock had a trading volume of 3,859,257 shares, compared to its average volume of 2,720,806. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a market capitalization of $33,605.27, a PE ratio of 32.19, a P/E/G ratio of 0.97 and a beta of 1.42. TD Ameritrade has a twelve month low of $36.12 and a twelve month high of $63.01.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.29. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. analysts expect that TD Ameritrade will post 3.06 EPS for the current year.

In other news, EVP Thomas A. Nally sold 17,243 shares of TD Ameritrade stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total transaction of $967,849.59. Following the sale, the executive vice president now owns 160,079 shares of the company’s stock, valued at approximately $8,985,234.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $55.28, for a total transaction of $552,800.00. Following the sale, the director now directly owns 145,000 shares in the company, valued at approximately $8,015,600. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in TD Ameritrade by 22.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,854 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 1,063 shares in the last quarter. Aperio Group LLC boosted its stake in TD Ameritrade by 1.3% during the third quarter. Aperio Group LLC now owns 84,752 shares of the financial services provider’s stock worth $4,136,000 after acquiring an additional 1,087 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in TD Ameritrade by 6.8% during the second quarter. The Manufacturers Life Insurance Company now owns 17,904 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 1,133 shares in the last quarter. ETRADE Capital Management LLC boosted its stake in TD Ameritrade by 21.3% during the fourth quarter. ETRADE Capital Management LLC now owns 7,046 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in TD Ameritrade by 3.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 52,973 shares of the financial services provider’s stock worth $2,709,000 after acquiring an additional 1,617 shares in the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

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TD Ameritrade Company Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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