TD Ameritrade (NASDAQ:AMTD) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday, November 14th, Marketbeat.com reports. The brokerage presently has a $65.00 price objective on the financial services provider’s stock, up from their previous price objective of $61.00. Morgan Stanley’s target price would suggest a potential upside of 31.10% from the stock’s current price.

Other analysts have also recently issued reports about the stock. BidaskClub cut shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Citigroup upped their target price on shares of TD Ameritrade from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. UBS Group cut their target price on shares of TD Ameritrade from $63.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, October 8th. Credit Suisse Group cut their target price on shares of TD Ameritrade from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, October 24th. Finally, Barclays boosted their price target on shares of TD Ameritrade from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $63.29.

NASDAQ AMTD traded down $1.77 during trading on Wednesday, reaching $49.58. The company’s stock had a trading volume of 2,414,826 shares, compared to its average volume of 1,731,625. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32. TD Ameritrade has a 1-year low of $48.03 and a 1-year high of $63.01. The stock has a market capitalization of $29.15 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.04. TD Ameritrade had a net margin of 27.02% and a return on equity of 24.54%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company earned $0.49 earnings per share. TD Ameritrade’s revenue for the quarter was up 42.2% on a year-over-year basis. As a group, equities analysts anticipate that TD Ameritrade will post 3.97 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of AMTD. Vanguard Group Inc. grew its holdings in TD Ameritrade by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 15,634,496 shares of the financial services provider’s stock worth $825,971,000 after acquiring an additional 42,680 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in TD Ameritrade by 4,626.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 61,494 shares of the financial services provider’s stock worth $1,164,000 after acquiring an additional 60,193 shares during the last quarter. Nordea Investment Management AB grew its holdings in TD Ameritrade by 62.9% during the 3rd quarter. Nordea Investment Management AB now owns 11,855 shares of the financial services provider’s stock worth $626,000 after acquiring an additional 4,576 shares during the last quarter. Teachers Advisors LLC grew its holdings in TD Ameritrade by 0.3% during the 3rd quarter. Teachers Advisors LLC now owns 423,368 shares of the financial services provider’s stock worth $22,367,000 after acquiring an additional 1,209 shares during the last quarter. Finally, HRT Financial LLC bought a new stake in TD Ameritrade during the 3rd quarter worth about $405,000. 91.23% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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