TD Ameritrade (AMTD) Given a $65.00 Price Target at Rosenblatt Securities

TD Ameritrade (NASDAQ:AMTD) has been assigned a $65.00 price target by stock analysts at Rosenblatt Securities in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 12.91% from the company’s previous close.

AMTD has been the subject of several other research reports. Barclays upgraded shares of TD Ameritrade from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $54.00 to $68.00 in a report on Monday, January 8th. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Credit Suisse Group restated an “underperform” rating and set a $52.00 target price (up previously from $45.00) on shares of TD Ameritrade in a report on Tuesday, January 16th. Citigroup increased their target price on shares of TD Ameritrade from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank increased their target price on shares of TD Ameritrade from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $61.91.

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TD Ameritrade stock opened at $57.57 on Friday. The company has a market capitalization of $32,663.43, a PE ratio of 31.29, a P/E/G ratio of 0.94 and a beta of 1.36. TD Ameritrade has a twelve month low of $36.12 and a twelve month high of $63.01. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.35.

TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.29. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. equities research analysts predict that TD Ameritrade will post 3.07 EPS for the current fiscal year.

In other TD Ameritrade news, EVP Thomas A. Nally sold 17,243 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total transaction of $967,849.59. Following the sale, the executive vice president now directly owns 160,079 shares of the company’s stock, valued at $8,985,234.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the sale, the director now directly owns 145,000 shares in the company, valued at $8,015,600. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. raised its position in TD Ameritrade by 22.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,854 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 1,063 shares in the last quarter. ETRADE Capital Management LLC raised its position in TD Ameritrade by 21.3% during the fourth quarter. ETRADE Capital Management LLC now owns 7,046 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 1,235 shares in the last quarter. Aperio Group LLC raised its position in TD Ameritrade by 1.6% during the fourth quarter. Aperio Group LLC now owns 86,076 shares of the financial services provider’s stock worth $4,401,000 after acquiring an additional 1,324 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in TD Ameritrade by 3.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 52,973 shares of the financial services provider’s stock worth $2,709,000 after acquiring an additional 1,617 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in TD Ameritrade by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,852 shares of the financial services provider’s stock worth $1,700,000 after acquiring an additional 1,980 shares in the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

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About TD Ameritrade

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.

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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