TD Ameritrade (NASDAQ:AMTD)‘s stock had its “buy” rating reiterated by research analysts at Sandler O’Neill in a report released on Tuesday. They presently have a $63.00 price target on the financial services provider’s stock. Sandler O’Neill’s price target points to a potential upside of 11.33% from the stock’s current price.

A number of other brokerages have also recently commented on AMTD. Bank of America set a $54.00 price target on TD Ameritrade and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Deutsche Bank upgraded TD Ameritrade from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $53.00 to $55.00 in a research report on Monday, November 13th. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research report on Tuesday, October 3rd. Barclays upgraded TD Ameritrade from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $54.00 to $68.00 in a research report on Monday, January 8th. Finally, Citigroup reiterated a “neutral” rating and issued a $50.00 price objective on shares of TD Ameritrade in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $53.41.

Shares of TD Ameritrade (NASDAQ:AMTD) traded up $0.71 during trading on Tuesday, reaching $56.59. The company’s stock had a trading volume of 8,171,057 shares, compared to its average volume of 3,183,420. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The stock has a market cap of $32,100.00, a PE ratio of 32.15, a P/E/G ratio of 1.03 and a beta of 1.57. TD Ameritrade has a 1-year low of $36.12 and a 1-year high of $57.85.

TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.29. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. sell-side analysts forecast that TD Ameritrade will post 2.68 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new stake in shares of TD Ameritrade during the fourth quarter valued at approximately $126,000. Personal Capital Advisors Corp boosted its position in shares of TD Ameritrade by 2.2% during the fourth quarter. Personal Capital Advisors Corp now owns 824,187 shares of the financial services provider’s stock valued at $42,141,000 after purchasing an additional 17,372 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of TD Ameritrade by 123.4% during the fourth quarter. State of Alaska Department of Revenue now owns 34,758 shares of the financial services provider’s stock valued at $1,775,000 after purchasing an additional 19,200 shares in the last quarter. Westpac Banking Corp boosted its position in shares of TD Ameritrade by 30.7% during the fourth quarter. Westpac Banking Corp now owns 235,695 shares of the financial services provider’s stock valued at $12,051,000 after purchasing an additional 55,400 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of TD Ameritrade by 9.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 562,578 shares of the financial services provider’s stock valued at $28,765,000 after purchasing an additional 46,421 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

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About TD Ameritrade

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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