TD Ameritrade Holding Corporation (NASDAQ:AMTD) – Investment analysts at SunTrust Banks boosted their FY2017 earnings per share (EPS) estimates for TD Ameritrade Holding Corporation in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst D. Mewhirter now anticipates that the financial services provider will post earnings per share of $1.69 for the year, up from their prior estimate of $1.68. SunTrust Banks has a “Buy” rating and a $50.00 price target on the stock. SunTrust Banks also issued estimates for TD Ameritrade Holding Corporation’s Q4 2017 earnings at $0.44 EPS.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $897.98 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis.

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Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $44.50 target price on shares of TD Ameritrade Holding Corporation in a report on Friday, July 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $43.00 target price (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. BidaskClub downgraded shares of TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Jefferies Group LLC lifted their target price on shares of TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the stock a “hold” rating in a report on Monday, June 19th. Finally, Nomura reduced their target price on shares of TD Ameritrade Holding Corporation from $50.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. TD Ameritrade Holding Corporation presently has a consensus rating of “Buy” and an average price target of $44.40.

Shares of TD Ameritrade Holding Corporation (NASDAQ AMTD) opened at 44.25 on Thursday. The company has a 50 day moving average of $43.98 and a 200 day moving average of $40.93. TD Ameritrade Holding Corporation has a 1-year low of $31.95 and a 1-year high of $47.41. The company has a market cap of $23.37 billion, a PE ratio of 27.66 and a beta of 1.48.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, July 28th. TD Ameritrade Holding Corporation’s payout ratio is presently 45.00%.

Large investors have recently modified their holdings of the company. Valley National Advisers Inc. raised its position in shares of TD Ameritrade Holding Corporation by 6.1% in the 1st quarter. Valley National Advisers Inc. now owns 3,247 shares of the financial services provider’s stock valued at $126,000 after buying an additional 188 shares in the last quarter. Global X Management Co. LLC raised its position in shares of TD Ameritrade Holding Corporation by 37.9% in the 1st quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock valued at $128,000 after buying an additional 904 shares in the last quarter. Van ECK Associates Corp raised its position in shares of TD Ameritrade Holding Corporation by 7.3% in the 1st quarter. Van ECK Associates Corp now owns 3,613 shares of the financial services provider’s stock valued at $140,000 after buying an additional 247 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of TD Ameritrade Holding Corporation by 1.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock valued at $171,000 after buying an additional 44 shares in the last quarter. Finally, Federated Investors Inc. PA raised its position in shares of TD Ameritrade Holding Corporation by 5.1% in the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after buying an additional 198 shares in the last quarter. Institutional investors own 93.55% 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 and Estimates for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

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