SunTrust Banks Comments on TD Ameritrade Holding Corp.’s Q2 2018 Earnings (AMTD)

TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Equities research analysts at SunTrust Banks boosted their Q2 2018 earnings per share estimates for shares of TD Ameritrade in a report released on Monday. SunTrust Banks analyst D. Mewhirter now anticipates that the financial services provider will post earnings per share of $0.68 for the quarter, up from their prior estimate of $0.64. SunTrust Banks has a “Buy” rating and a $72.00 price target on the stock. SunTrust Banks also issued estimates for TD Ameritrade’s Q4 2018 earnings at $0.75 EPS, FY2018 earnings at $2.93 EPS, Q1 2019 earnings at $0.89 EPS, Q2 2019 earnings at $0.82 EPS, Q3 2019 earnings at $0.95 EPS, Q4 2019 earnings at $1.01 EPS and FY2019 earnings at $3.67 EPS.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.29. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%.

AMTD has been the subject of a number of other research reports. Bank of America set a $54.00 price objective on shares of TD Ameritrade and gave the company a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of TD Ameritrade from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Credit Suisse Group started coverage on shares of TD Ameritrade in a research report on Thursday, November 30th. They set an “underperform” rating and a $45.00 price target for the company. Deutsche Bank raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and upped their price target for the stock from $53.00 to $55.00 in a research report on Monday, November 13th. Finally, BidaskClub raised shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $57.29.

TD Ameritrade (NASDAQ AMTD) opened at $55.43 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a market cap of $31,029.42, a P/E ratio of 31.67, a PEG ratio of 0.91 and a beta of 1.50. TD Ameritrade has a 52-week low of $36.12 and a 52-week high of $58.83.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, February 5th. TD Ameritrade’s dividend payout ratio (DPR) is 48.00%.

In other TD Ameritrade news, EVP Thomas A. Nally sold 17,243 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total transaction of $967,849.59. Following the completion of the sale, the executive vice president now directly owns 160,079 shares in the company, valued at $8,985,234.27. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the sale, the director now owns 145,000 shares of the company’s stock, valued at $8,015,600. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Crow Point Partners LLC purchased a new position in shares of TD Ameritrade in the third quarter valued at $102,000. Cerebellum GP LLC purchased a new position in shares of TD Ameritrade in the fourth quarter valued at $126,000. Global Trust Asset Management LLC purchased a new position in shares of TD Ameritrade in the fourth quarter valued at $179,000. Gamco Investors INC. ET AL purchased a new position in shares of TD Ameritrade in the third quarter valued at $203,000. Finally, CIBC World Markets Inc. purchased a new position in shares of TD Ameritrade in the fourth quarter valued at $228,000. Institutional investors and hedge funds own 88.39% of the company’s stock.

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About TD Ameritrade

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 (NASDAQ:AMTD)

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