TD Ameritrade Holding Corporation (NASDAQ:AMTD) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03, MarketWatch Earnings reports. The business had revenue of $931 million for the quarter, compared to analysts’ expectations of $897.98 million. TD Ameritrade Holding Corporation had a return on equity of 16.02% and a net margin of 24.93%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS.

Shares of TD Ameritrade Holding Corporation (AMTD) opened at 44.78 on Tuesday. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 27.81 and a beta of 1.47. TD Ameritrade Holding Corporation has a 1-year low of $28.87 and a 1-year high of $47.41. The firm has a 50-day moving average price of $39.08 and a 200-day moving average price of $40.99.

Several brokerages have recently issued reports on AMTD. Nomura decreased their price objective on TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $46.00 price objective (down from $48.00) on shares of TD Ameritrade Holding Corporation in a report on Saturday, April 22nd. Instinet reaffirmed a “buy” rating and set a $49.00 price objective (up from $48.00) on shares of TD Ameritrade Holding Corporation in a report on Friday, April 14th. Credit Suisse Group reaffirmed a “buy” rating and set a $48.00 price objective on shares of TD Ameritrade Holding Corporation in a report on Thursday, April 13th. Finally, Zacks Investment Research raised TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday, July 12th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. TD Ameritrade Holding Corporation presently has a consensus rating of “Buy” and an average target price of $43.60.

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In other TD Ameritrade Holding Corporation news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade Holding Corporation stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $40.45, for a total value of $404,500.00. Following the sale, the director now owns 170,000 shares in the company, valued at $6,876,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.42% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Comerica Bank acquired a new stake in TD Ameritrade Holding Corporation during the fourth quarter worth approximately $691,000. FMR LLC increased its stake in TD Ameritrade Holding Corporation by 168.5% in the fourth quarter. FMR LLC now owns 627,200 shares of the financial services provider’s stock worth $27,345,000 after buying an additional 393,600 shares in the last quarter. Numeric Investors LLC acquired a new stake in TD Ameritrade Holding Corporation during the fourth quarter worth approximately $205,000. Quadrature Capital Ltd acquired a new stake in TD Ameritrade Holding Corporation during the fourth quarter worth approximately $672,000. Finally, Teachers Advisors LLC increased its stake in TD Ameritrade Holding Corporation by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 316,583 shares of the financial services provider’s stock worth $13,803,000 after buying an additional 3,811 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

About TD Ameritrade Holding Corporation

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 for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

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