TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Equities research analysts at SunTrust Banks increased their FY2018 earnings estimates for TD Ameritrade Holding Corp. in a research report issued to clients and investors 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 Corp.’s FY2019 earnings at $3.00 EPS.

Several other equities research analysts have also commented on the company. Deutsche Bank AG upped their price objective on TD Ameritrade Holding Corp. from $49.00 to $53.00 and gave the stock a “hold” rating in a research note on Wednesday. Bank of America Corporation set a $54.00 price objective on TD Ameritrade Holding Corp. and gave the stock a “hold” rating in a research note on Wednesday. Morgan Stanley upped their price objective on TD Ameritrade Holding Corp. from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday. Zacks Investment Research upgraded TD Ameritrade Holding Corp. from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price objective on shares of TD Ameritrade Holding Corp. in a research note on Thursday, October 12th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.00.

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TD Ameritrade Holding Corp. (AMTD) traded down 0.84% during trading on Friday, hitting $50.51. The stock had a trading volume of 1,451,772 shares. The company has a 50-day moving average price of $47.09 and a 200-day moving average price of $42.83. The company has a market cap of $26.68 billion, a price-to-earnings ratio of 31.57 and a beta of 1.55. TD Ameritrade Holding Corp. has a 52-week low of $33.26 and a 52-week high of $50.96.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. TD Ameritrade Holding Corp. had a return on equity of 13.32% and a net margin of 21.46%. The firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $958.57 million. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 18.6% on a year-over-year basis.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crow Point Partners LLC bought a new position in shares of TD Ameritrade Holding Corp. during the 3rd quarter valued at about $102,000. Global X Management Co. LLC boosted its holdings in shares of TD Ameritrade Holding Corp. by 37.9% during 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 purchasing an additional 904 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in shares of TD Ameritrade Holding Corp. by 5.1% during the 2nd quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 198 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TD Ameritrade Holding Corp. by 27.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Letko Brosseau & Associates Inc. bought a new position in shares of TD Ameritrade Holding Corp. during the 2nd quarter valued at about $215,000. 93.54% of the stock is owned by institutional investors and hedge funds.

In other TD Ameritrade Holding Corp. news, Director Joseph H. Moglia sold 15,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $44.66, for a total transaction of $669,900.00. Following the completion of the transaction, the director now owns 155,000 shares of the company’s stock, valued at approximately $6,922,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Luxembourg International Ho Td acquired 11,074,197 shares of the company’s stock in a transaction on Monday, September 18th. The shares were bought at an average cost of $36.12 per share, with a total value of $399,999,995.64. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be issued a $0.21 dividend. The ex-dividend date is Monday, November 6th. This represents a $0.84 annualized dividend and a yield of 1.66%. This is an increase from TD Ameritrade Holding Corp.’s previous quarterly dividend of $0.18. TD Ameritrade Holding Corp.’s dividend payout ratio is currently 43.90%.

TD Ameritrade Holding Corp. 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 Corp. (NASDAQ:AMTD)

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