TD Ameritrade Holding Corporation (AMTD) Issues FY18 Earnings Guidance
TD Ameritrade Holding Corporation (NASDAQ:AMTD) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $2.10-$2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.01.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded TD Ameritrade Holding Corporation from a strong-buy rating to a hold rating in a report on Tuesday, October 17th. Morgan Stanley increased their price target on TD Ameritrade Holding Corporation from $47.00 to $50.00 and gave the stock an equal weight rating in a report on Monday. Keefe, Bruyette & Woods reiterated a hold rating and issued a $44.50 price target on shares of TD Ameritrade Holding Corporation in a report on Friday, July 14th. BidaskClub upgraded TD Ameritrade Holding Corporation from a buy rating to a strong-buy rating in a report on Saturday, September 30th. Finally, Citigroup Inc. reiterated a neutral rating and issued a $50.00 price target on shares of TD Ameritrade Holding Corporation in a report on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. TD Ameritrade Holding Corporation presently has a consensus rating of Buy and a consensus target price of $48.86.
Shares of TD Ameritrade Holding Corporation (AMTD) opened at 48.14 on Tuesday. The firm’s 50-day moving average price is $46.80 and its 200 day moving average price is $42.69. The company has a market cap of $25.43 billion, a PE ratio of 30.09 and a beta of 1.55. TD Ameritrade Holding Corporation has a 12 month low of $33.26 and a 12 month high of $50.72.
In other news, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $44.66, for a total transaction of $669,900.00. Following the sale, the director now owns 155,000 shares of the company’s stock, valued at $6,922,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were bought at an average cost of $36.12 per share, for a total transaction of $399,999,995.64. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.
TD Ameritrade Holding Corporation Company Profile
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.
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