Wolfe Research assumed coverage on shares of TD Ameritrade (NASDAQ:AMTD) in a report issued on Tuesday, The Fly reports. The brokerage issued an underperform rating on the financial services provider’s stock.

Several other brokerages have also issued reports on AMTD. ValuEngine raised TD Ameritrade from a hold rating to a buy rating in a research note on Wednesday, June 6th. BidaskClub raised TD Ameritrade from a buy rating to a strong-buy rating in a research note on Friday, June 8th. Compass Point initiated coverage on TD Ameritrade in a report on Monday, June 4th. They issued a buy rating and a $74.00 price objective for the company. Bank of America set a $67.00 price objective on TD Ameritrade and gave the company a buy rating in a report on Wednesday, July 25th. Finally, Barclays upped their price objective on TD Ameritrade from $73.00 to $75.00 and gave the company an overweight rating in a report on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $64.97.

Shares of AMTD opened at $53.78 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. TD Ameritrade has a 12-month low of $46.66 and a 12-month high of $63.01. The firm has a market cap of $30.73 billion, a PE ratio of 18.60, a PEG ratio of 0.58 and a beta of 1.30.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Monday, July 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. TD Ameritrade had a return on equity of 21.71% and a net margin of 24.42%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up 48.4% compared to the same quarter last year. research analysts anticipate that TD Ameritrade will post 3.28 EPS for the current fiscal year.

In other TD Ameritrade news, EVP Peter J. Desilva purchased 5,000 shares of the stock in a transaction on Tuesday, August 21st. The stock was bought at an average cost of $56.73 per share, for a total transaction of $283,650.00. Following the completion of the acquisition, the executive vice president now directly owns 24,000 shares of the company’s stock, valued at $1,361,520. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC increased its holdings in shares of TD Ameritrade by 4.0% in the second quarter. Janus Henderson Group PLC now owns 21,835,182 shares of the financial services provider’s stock worth $1,195,913,000 after acquiring an additional 848,903 shares in the last quarter. FMR LLC increased its holdings in shares of TD Ameritrade by 13.7% in the second quarter. FMR LLC now owns 17,201,763 shares of the financial services provider’s stock worth $942,141,000 after acquiring an additional 2,071,893 shares in the last quarter. BlackRock Inc. increased its holdings in shares of TD Ameritrade by 13.0% in the first quarter. BlackRock Inc. now owns 15,826,734 shares of the financial services provider’s stock worth $937,416,000 after acquiring an additional 1,823,164 shares in the last quarter. Boston Partners increased its holdings in shares of TD Ameritrade by 9.7% in the second quarter. Boston Partners now owns 9,039,655 shares of the financial services provider’s stock worth $495,102,000 after acquiring an additional 802,966 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of TD Ameritrade by 19.7% in the second quarter. First Trust Advisors LP now owns 4,043,899 shares of the financial services provider’s stock worth $221,484,000 after acquiring an additional 666,702 shares in the last quarter. Institutional investors own 90.92% 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, 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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