TD Ameritrade (AMTD) Upgraded to Overweight at Barclays

Barclays upgraded shares of TD Ameritrade (NASDAQ:AMTD) from an equal weight rating to an overweight rating in a report published on Monday morning, MarketBeat reports. Barclays currently has $68.00 price target on the financial services provider’s stock, up from their prior price target of $54.00.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of TD Ameritrade from a hold rating to a buy rating and set a $49.00 price objective on the stock in a research report on Tuesday, September 12th. BidaskClub raised shares of TD Ameritrade from a hold rating to a buy rating in a research report on Saturday, September 23rd. SunTrust Banks reaffirmed a buy rating on shares of TD Ameritrade in a research report on Wednesday, October 25th. Deutsche Bank raised shares of TD Ameritrade from a hold rating to a buy rating and boosted their price objective for the company from $53.00 to $55.00 in a research report on Monday, November 13th. Finally, Morgan Stanley boosted their price objective on shares of TD Ameritrade from $43.00 to $47.00 and gave the company an equal weight rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $52.38.

TD Ameritrade (NASDAQ AMTD) opened at $53.72 on Monday. The firm has a market cap of $30,570.00, a price-to-earnings ratio of 32.76, a PEG ratio of 1.06 and a beta of 1.57. TD Ameritrade has a 52-week low of $36.12 and a 52-week high of $54.50. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The business had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $958.57 million. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The firm’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. research analysts anticipate that TD Ameritrade will post 2.44 EPS for the current year.

A number of hedge funds have recently modified their holdings of AMTD. Janus Henderson Group PLC increased its stake in TD Ameritrade by 26,316.9% in the 2nd quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock valued at $877,208,000 after buying an additional 20,327,705 shares during the last quarter. Toronto Dominion Bank increased 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 during the last quarter. RPTC Inc. acquired a new stake in TD Ameritrade in the 2nd quarter valued at $402,937,000. FMR LLC increased its stake in TD Ameritrade by 103.8% in the 2nd quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock valued at $450,351,000 after buying an additional 5,336,529 shares during the last quarter. Finally, BT Investment Management Ltd acquired a new position in shares of TD Ameritrade during the 2nd quarter worth about $148,207,000. Hedge funds and other institutional investors own 88.56% of the company’s stock.

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TD Ameritrade Company Profile

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.

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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