Barclays upgraded shares of TD Ameritrade (NASDAQ:AMTD) from an equal weight rating to an overweight rating in a research note published on Monday morning, Marketbeat.com reports. They currently have $68.00 price objective on the financial services provider’s stock, up from their prior price objective of $54.00.

A number of other research firms also recently issued reports on AMTD. Bank of America set a $54.00 target price on shares of TD Ameritrade and gave the company a hold rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded shares of TD Ameritrade from a strong-buy rating to a hold rating in a research report on Tuesday, December 5th. Deutsche Bank upgraded shares of TD Ameritrade from a hold rating to a buy rating and boosted their target price for the company from $53.00 to $55.00 in a research report on Monday, November 13th. Credit Suisse Group began coverage on shares of TD Ameritrade in a research report on Thursday, November 30th. They set an underperform rating and a $45.00 target price for the company. Finally, BidaskClub upgraded shares of TD Ameritrade from a buy rating to a strong-buy rating in a research report on Saturday, December 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TD Ameritrade currently has an average rating of Buy and an average price target of $52.38.

Shares of TD Ameritrade (NASDAQ AMTD) opened at $53.74 on Monday. TD Ameritrade has a one year low of $36.12 and a one year 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. The company has a market cap of $30,440.00, a price-to-earnings ratio of 32.77, a PEG ratio of 1.06 and a beta of 1.57.

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, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The business had revenue of $983.00 million during the quarter, compared to the consensus estimate of $958.57 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. research analysts predict that TD Ameritrade will post 2.44 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its holdings in TD Ameritrade by 10.5% in the second quarter. Public Employees Retirement System of Ohio now owns 113,288 shares of the financial services provider’s stock valued at $4,870,000 after buying an additional 10,781 shares in the last quarter. BT Investment Management Ltd increased its holdings in TD Ameritrade by 4.2% in the third quarter. BT Investment Management Ltd now owns 3,591,397 shares of the financial services provider’s stock valued at $175,260,000 after buying an additional 143,923 shares in the last quarter. Toronto Dominion Bank increased its holdings in TD Ameritrade by 5.0% in the third 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 in the last quarter. Personal Capital Advisors Corp increased its holdings in TD Ameritrade by 0.7% in the third quarter. Personal Capital Advisors Corp now owns 806,815 shares of the financial services provider’s stock valued at $39,373,000 after buying an additional 5,783 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its holdings in TD Ameritrade by 924.4% in the third quarter. Virginia Retirement Systems ET AL now owns 84,000 shares of the financial services provider’s stock valued at $4,099,000 after buying an additional 75,800 shares in the last quarter. 88.56% of the stock is owned by institutional investors.

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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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