William Blair Research Analysts Increase Earnings Estimates for TD Ameritrade Holding Corporation (NASDAQ:AMTD)

TD Ameritrade Holding Corporation (NASDAQ:AMTD) – Research analysts at William Blair upped their Q4 2018 EPS estimates for shares of TD Ameritrade Holding Corporation in a research note issued to investors on Tuesday, according to Zacks Investment Research. William Blair analyst C. Shutler now anticipates that the financial services provider will earn $0.68 per share for the quarter, up from their previous estimate of $0.54. William Blair also issued estimates for TD Ameritrade Holding Corporation’s FY2019 earnings at $3.16 EPS.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 15.91% and a net margin of 23.72%. The company had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $958.57 million. During the same period in the prior year, the business earned $0.35 EPS. The firm’s quarterly revenue was up 18.6% on a year-over-year basis.

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A number of other research firms have also recently weighed in on AMTD. Bank of America Corporation set a $54.00 price objective on TD Ameritrade Holding Corporation and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised TD Ameritrade Holding Corporation from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a report on Tuesday, October 3rd. Citigroup Inc. reaffirmed a “neutral” rating and set a $50.00 price objective on shares of TD Ameritrade Holding Corporation in a report on Tuesday, October 10th. Deutsche Bank AG lifted their price objective on TD Ameritrade Holding Corporation from $49.00 to $53.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of TD Ameritrade Holding Corporation in a report on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.00.

Shares of TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at $48.86 on Thursday. TD Ameritrade Holding Corporation has a 1-year low of $35.57 and a 1-year high of $51.22. The firm has a market capitalization of $25,805.36, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.35.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMTD. Principal Financial Group Inc. lifted its position in TD Ameritrade Holding Corporation by 71.7% in the first quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock worth $3,087,000 after purchasing an additional 33,172 shares during the period. Teachers Advisors LLC lifted its position in TD Ameritrade Holding Corporation by 105.3% in the first quarter. Teachers Advisors LLC now owns 649,798 shares of the financial services provider’s stock worth $25,251,000 after purchasing an additional 333,215 shares during the period. Global X Management Co. LLC lifted its position in TD Ameritrade Holding Corporation by 37.9% in the first quarter. Global X Management Co. LLC now owns 3,290 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 904 shares during the period. UBS Group AG lifted its position in TD Ameritrade Holding Corporation by 137.1% in the first quarter. UBS Group AG now owns 42,192 shares of the financial services provider’s stock worth $1,640,000 after purchasing an additional 24,400 shares during the period. Finally, KCG Holdings Inc. lifted its position in TD Ameritrade Holding Corporation by 165.5% in the first quarter. KCG Holdings Inc. now owns 19,478 shares of the financial services provider’s stock worth $757,000 after purchasing an additional 12,143 shares during the period. Hedge funds and other institutional investors own 92.53% of the company’s stock.

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

The firm also recently disclosed 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. This represents a $0.84 dividend on an annualized basis and a yield of 1.72%. This is a positive change from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, November 6th. TD Ameritrade Holding Corporation’s dividend payout ratio is 51.22%.

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.

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

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