FY2018 Earnings Estimate for TD Ameritrade Holding Corporation (AMTD) Issued By SunTrust Banks

TD Ameritrade Holding Corporation (NASDAQ:AMTD) – Equities research analysts at SunTrust Banks boosted their FY2018 EPS estimates for TD Ameritrade Holding Corporation in a report released on Tuesday. SunTrust Banks analyst D. Mewhirter now anticipates that the financial services provider will earn $2.40 per share for the year, up from their previous forecast of $2.02. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for TD Ameritrade Holding Corporation’s FY2019 earnings at $3.00 EPS.

AMTD has been the subject of several other reports. Zacks Investment Research downgraded shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. BidaskClub upgraded shares of TD Ameritrade Holding Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Jefferies Group LLC reiterated a “hold” rating and set a $46.00 price target on shares of TD Ameritrade Holding Corporation in a report on Friday, October 6th. Finally, Bank of America Corporation set a $54.00 price target on shares of TD Ameritrade Holding Corporation and gave the stock a “hold” rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $50.00.

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Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 50.51 on Friday. The company’s 50-day moving average price is $47.54 and its 200-day moving average price is $42.97. The firm has a market capitalization of $26.68 billion, a PE ratio of 31.57 and a beta of 1.55. TD Ameritrade Holding Corporation has a 12-month low of $33.26 and a 12-month high of $51.22.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 15.91% and a net margin of 23.72%. The firm had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $958.57 million. During the same period last year, the firm posted $0.35 EPS. The business’s revenue was up 18.6% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. bought a new position in TD Ameritrade Holding Corporation in the 3rd quarter valued at about $357,000. SPC Financial Inc. bought a new position in TD Ameritrade Holding Corporation in the 3rd quarter valued at about $1,630,000. Pictet Asset Management Ltd. lifted its position in TD Ameritrade Holding Corporation by 3.7% in the 3rd quarter. Pictet Asset Management Ltd. now owns 101,400 shares of the financial services provider’s stock valued at $4,948,000 after acquiring an additional 3,600 shares in the last quarter. Aperio Group LLC lifted its position in TD Ameritrade Holding Corporation by 1.3% in the 3rd quarter. Aperio Group LLC now owns 84,752 shares of the financial services provider’s stock valued at $4,136,000 after acquiring an additional 1,087 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in TD Ameritrade Holding Corporation by 0.4% in the 3rd quarter. First Trust Advisors LP now owns 2,902,023 shares of the financial services provider’s stock valued at $141,619,000 after acquiring an additional 11,454 shares in the last quarter. 93.54% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Joseph H. Moglia sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $44.66, for a total value of $669,900.00. Following the transaction, the director now owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Luxembourg International Ho Td purchased 11,074,197 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was acquired 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 owned by corporate insiders.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.21 per share. This is an increase from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Monday, November 6th. TD Ameritrade Holding Corporation’s dividend payout ratio (DPR) is presently 43.90%.

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.

Earnings History and Estimates for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

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