TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Research analysts at Jefferies Group lifted their FY2018 EPS estimates for shares of TD Ameritrade in a report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst D. Fannon now forecasts that the financial services provider will earn $2.50 per share for the year, up from their prior estimate of $2.17. Jefferies Group has a “Hold” rating and a $46.00 price target on the stock. Jefferies Group also issued estimates for TD Ameritrade’s FY2019 earnings at $3.37 EPS.
Several other analysts have also commented on the stock. Credit Suisse Group restated an “underperform” rating and set a $52.00 price target (up previously from $45.00) on shares of TD Ameritrade in a research report on Tuesday. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Barclays upgraded shares of TD Ameritrade from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $54.00 to $68.00 in a research report on Monday, January 8th. Wells Fargo & Co restated an “outperform” rating and set a $67.00 price target (up previously from $56.00) on shares of TD Ameritrade in a research report on Thursday, January 4th. Finally, Zacks Investment Research upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $52.81.
TD Ameritrade (NASDAQ AMTD) traded up $0.09 during mid-day trading on Wednesday, reaching $54.59. 2,440,500 shares of the company traded hands, compared to its average volume of 2,742,410. The firm has a market capitalization of $30,950.00, a price-to-earnings ratio of 33.29, a PEG ratio of 1.04 and a beta of 1.57. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. TD Ameritrade has a 52 week low of $36.12 and a 52 week high of $55.29.
TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share.
Several institutional investors and hedge funds have recently made changes to their positions in AMTD. Crow Point Partners LLC acquired a new position in shares of TD Ameritrade in the third quarter valued at approximately $102,000. Federated Investors Inc. PA grew its holdings in shares of TD Ameritrade by 5.1% in the second 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of TD Ameritrade by 27.9% in the second 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 in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of TD Ameritrade in the third quarter valued at approximately $203,000. Finally, Letko Brosseau & Associates Inc. acquired a new position in shares of TD Ameritrade in the second quarter valued at approximately $215,000. Institutional investors and hedge funds own 88.52% 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.
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