TD Ameritrade Holding Corp. Downgraded by Citigroup Inc. to “Neutral” (AMTD)
TD Ameritrade Holding Corp. (NASDAQ:AMTD) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. They currently have a $34.00 target price on the stock, up from their previous target price of $31.00. Citigroup Inc.’s price objective points to a potential upside of 11.00% from the stock’s previous close.
AMTD has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of TD Ameritrade Holding Corp. in a research note to investors on Thursday, December 19th. They now have a $31.50 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of TD Ameritrade Holding Corp. from $22.00 to $30.00 in a research note to investors on Monday, December 16th. Finally, analysts at Thomson Reuters/Verus upgraded shares of TD Ameritrade Holding Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, December 9th. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. TD Ameritrade Holding Corp. currently has a consensus rating of “Hold” and an average price target of $27.09.
In other TD Ameritrade Holding Corp. news, Director Joseph Moglia unloaded 26,308 shares of the stock on the open market in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $30.53, for a total transaction of $803,183.24. Following the completion of the transaction, the director now directly owns 800,752 shares of the company’s stock, valued at approximately $24,446,959. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded up 0.20% on Tuesday, hitting $30.63. 2,109,024 shares of the company’s stock traded hands. TD Ameritrade Holding Corp. has a 52 week low of $17.79 and a 52 week high of $31.10. The stock’s 50-day moving average is $29.65 and its 200-day moving average is $27.48. The company has a market cap of $16.861 billion and a price-to-earnings ratio of 25.06.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.02. The company had revenue of $709.00 million for the quarter, compared to the consensus estimate of $701.23 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that TD Ameritrade Holding Corp. will post $1.34 EPS for the current fiscal year.
TD Ameritrade Holding Corporation (NASDAQ:AMTD) is a provider of securities brokerage services and technology-based financial services to retail investors, traders and independent registered investment advisors (RIAs).
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