FY2017 Earnings Estimate for TD Ameritrade Holding Corporation Issued By William Blair (AMTD)

TD Ameritrade Holding Corporation (NASDAQ:AMTD) – Equities researchers at William Blair decreased their FY2017 EPS estimates for TD Ameritrade Holding Corporation in a research report issued to clients and investors on Friday. William Blair analyst C. Shutler now anticipates that the financial services provider will post earnings per share of $1.68 for the year, down from their prior estimate of $1.69. William Blair also issued estimates for TD Ameritrade Holding Corporation’s Q4 2017 earnings at $0.43 EPS, Q1 2019 earnings at $0.65 EPS and FY2019 earnings at $2.88 EPS.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 $931.00 million for the quarter, compared to analyst estimates of $897.98 million. During the same period last year, the firm earned $0.45 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. WARNING: “FY2017 Earnings Estimate for TD Ameritrade Holding Corporation Issued By William Blair (AMTD)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/10/27/fy2017-earnings-estimate-for-td-ameritrade-holding-corporation-issued-by-william-blair-amtd.html.

A number of other analysts also recently weighed in on AMTD. Bank of America Corporation downgraded shares of TD Ameritrade Holding Corporation from a “buy” rating to a “neutral” rating and upped their target price for the stock from $51.00 to $52.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Citigroup Inc. reaffirmed a “neutral” rating and issued a $50.00 target price on shares of TD Ameritrade Holding Corporation in a research report on Tuesday, October 10th. Zacks Investment Research downgraded shares of TD Ameritrade Holding Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price target on shares of TD Ameritrade Holding Corporation in a research note on Thursday, October 12th. Finally, BidaskClub upgraded shares of TD Ameritrade Holding Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $48.79.

Several institutional investors have recently added to or reduced their stakes in the stock. World Asset Management Inc lifted its holdings in shares of TD Ameritrade Holding Corporation by 0.6% during the second quarter. World Asset Management Inc now owns 11,627 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 66 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of TD Ameritrade Holding Corporation by 5.1% during the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 198 shares during the period. Capstone Asset Management Co. lifted its holdings in shares of TD Ameritrade Holding Corporation by 3.0% during the second quarter. Capstone Asset Management Co. now owns 7,307 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 210 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of TD Ameritrade Holding Corporation by 1.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 31,122 shares of the financial services provider’s stock worth $1,338,000 after purchasing an additional 400 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in shares of TD Ameritrade Holding Corporation by 2.9% during the second quarter. Prudential Financial Inc. now owns 18,016 shares of the financial services provider’s stock worth $775,000 after purchasing an additional 500 shares during the period. 93.53% of the stock is owned by hedge funds and other institutional investors.

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

TD Ameritrade Holding Corporation 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 Corporation (NASDAQ:AMTD)

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