TD Ameritrade Holding Corporation (NASDAQ:AMTD) – Investment analysts at Jefferies Group cut their Q1 2018 earnings estimates for shares of TD Ameritrade Holding Corporation in a research report issued on Monday. Jefferies Group analyst D. Fannon now forecasts that the financial services provider will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.47. Jefferies Group has a “Hold” rating and a $48.00 price target on the stock.

A number of other research analysts also recently issued reports on AMTD. Zacks Investment Research upgraded shares of TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, July 12th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $50.00 target price (up previously from $46.00) on shares of TD Ameritrade Holding Corporation in a research report on Wednesday, July 19th. BidaskClub downgraded shares of TD Ameritrade Holding Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Wells Fargo & Company upgraded shares of TD Ameritrade Holding Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, May 15th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $39.00 target price (up previously from $37.00) on shares of TD Ameritrade Holding Corporation in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $44.47.

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Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 42.73 on Wednesday. The stock has a 50 day moving average of $44.77 and a 200 day moving average of $40.94. TD Ameritrade Holding Corporation has a 1-year low of $31.65 and a 1-year high of $47.41. The company has a market cap of $22.57 billion, a price-to-earnings ratio of 26.71 and a beta of 1.48.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its earnings results on Tuesday, July 18th. 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. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The firm had revenue of $931 million during the quarter, compared to analyst estimates of $897.98 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue was up 11.1% compared to the same quarter last year.

A number of institutional investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI increased its position in shares of TD Ameritrade Holding Corporation by 2.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,009 shares of the financial services provider’s stock valued at $428,000 after buying an additional 230 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in TD Ameritrade Holding Corporation during the first quarter valued at approximately $583,000. Jennison Associates LLC increased its stake in TD Ameritrade Holding Corporation by 1.2% in the first quarter. Jennison Associates LLC now owns 2,312,987 shares of the financial services provider’s stock valued at $89,883,000 after buying an additional 28,541 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in TD Ameritrade Holding Corporation by 571.0% in the first quarter. Canada Pension Plan Investment Board now owns 484,204 shares of the financial services provider’s stock valued at $18,816,000 after buying an additional 412,039 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in TD Ameritrade Holding Corporation by 2.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 30,722 shares of the financial services provider’s stock valued at $1,194,000 after buying an additional 700 shares during the last quarter. 93.55% of the stock is owned by institutional investors and hedge funds.

In related news, Director Joseph H. Moglia sold 10,000 shares of the firm’s 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 completion of the sale, the director now owns 170,000 shares of the company’s stock, valued at $6,876,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, July 28th. TD Ameritrade Holding Corporation’s payout ratio is 45.00%.

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

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