TD Ameritrade (NASDAQ:AMTD) had its target price reduced by equities researchers at UBS Group from $54.00 to $40.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price indicates a potential upside of 18.69% from the stock’s previous close.
Several other research analysts also recently commented on the stock. Gabelli reaffirmed a “buy” rating on shares of TD Ameritrade in a research note on Wednesday, July 24th. Citigroup reduced their price objective on shares of TD Ameritrade from $52.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Bank of America downgraded shares of TD Ameritrade from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $57.00 to $39.00 in a research report on Tuesday. Compass Point set a $58.00 price objective on shares of TD Ameritrade and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Finally, ValuEngine downgraded shares of TD Ameritrade from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.27.
Shares of NASDAQ AMTD traded up $0.85 during mid-day trading on Wednesday, hitting $33.70. The stock had a trading volume of 12,945,502 shares, compared to its average volume of 2,801,731. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.15 and a current ratio of 1.16. TD Ameritrade has a 1 year low of $32.69 and a 1 year high of $57.88. The business has a 50 day moving average price of $45.17 and a two-hundred day moving average price of $49.68. The firm has a market cap of $18.49 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.79 and a beta of 1.21.
Hedge funds have recently made changes to their positions in the company. MUFG Americas Holdings Corp bought a new position in TD Ameritrade in the 2nd quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in TD Ameritrade in the 2nd quarter worth about $32,000. Steward Partners Investment Advisory LLC bought a new position in TD Ameritrade in the 2nd quarter worth about $35,000. CSat Investment Advisory L.P. bought a new position in TD Ameritrade in the 2nd quarter worth about $83,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in TD Ameritrade by 47.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,722 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 91.61% 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 and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.
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