Citigroup Cuts TD Ameritrade (NASDAQ:AMTD) Price Target to $49.00

TD Ameritrade (NASDAQ:AMTD) had its price objective lowered by Citigroup from $52.00 to $49.00 in a report published on Thursday morning, AnalystRatings.com reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

AMTD has been the topic of several other research reports. Credit Suisse Group raised their target price on shares of TD Ameritrade from $60.00 to $61.00 and gave the company a neutral rating in a report on Tuesday, July 23rd. Gabelli reaffirmed a buy rating on shares of TD Ameritrade in a report on Wednesday, July 24th. ValuEngine cut shares of TD Ameritrade from a hold rating to a sell rating in a report on Thursday, August 1st. Deutsche Bank reduced their target price on shares of TD Ameritrade from $47.00 to $46.00 and set a hold rating on the stock in a report on Wednesday, August 21st. Finally, Barclays reduced their target price on shares of TD Ameritrade from $58.00 to $57.00 and set an overweight rating on the stock in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $56.18.

Shares of AMTD opened at $49.27 on Thursday. The stock has a market capitalization of $27.24 billion, a PE ratio of 12.41, a P/E/G ratio of 1.12 and a beta of 1.20. TD Ameritrade has a 1 year low of $42.14 and a 1 year high of $57.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.15 and a current ratio of 1.16. The company’s 50-day simple moving average is $45.91 and its 200-day simple moving average is $50.47.



TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Monday, July 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.07. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.47 billion. TD Ameritrade had a net margin of 36.07% and a return on equity of 27.13%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. On average, sell-side analysts predict that TD Ameritrade will post 4.02 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in TD Ameritrade by 3.9% during the second quarter. BlackRock Inc. now owns 15,746,356 shares of the financial services provider’s stock worth $786,060,000 after purchasing an additional 590,634 shares in the last quarter. Boston Partners raised its holdings in TD Ameritrade by 3.1% during the second quarter. Boston Partners now owns 6,819,597 shares of the financial services provider’s stock worth $340,451,000 after purchasing an additional 204,141 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in TD Ameritrade by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 5,159,469 shares of the financial services provider’s stock worth $255,860,000 after purchasing an additional 455,002 shares in the last quarter. First Trust Advisors LP raised its holdings in TD Ameritrade by 24.7% during the first quarter. First Trust Advisors LP now owns 4,634,288 shares of the financial services provider’s stock worth $231,668,000 after purchasing an additional 917,454 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in TD Ameritrade by 7.4% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,266,176 shares of the financial services provider’s stock worth $163,276,000 after purchasing an additional 224,040 shares in the last quarter. 91.61% of the stock is currently owned by institutional investors.

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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