Jefferies Group Brokers Lift Earnings Estimates for TD Ameritrade Holding Corp. (AMTD)

TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Investment analysts at Jefferies Group boosted their Q1 2018 earnings per share estimates for shares of TD Ameritrade in a note issued to investors on Monday, Zacks Investment Research reports. Jefferies Group analyst D. Fannon now forecasts that the financial services provider will earn $0.50 per share for the quarter, up from their previous forecast of $0.47. Jefferies Group has a “Hold” rating and a $46.00 price objective on the stock. Jefferies Group also issued estimates for TD Ameritrade’s Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.68 EPS and Q4 2018 earnings at $0.75 EPS.

TD Ameritrade (NASDAQ:AMTD) last announced its earnings results 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. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.20 billion.

A number of other research analysts have also recently commented on the stock. Deutsche Bank increased their price target on shares of TD Ameritrade from $49.00 to $53.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. BidaskClub cut shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. 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 on the stock. 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. Finally, Morgan Stanley increased their price target on shares of TD Ameritrade from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $57.29.

Shares of TD Ameritrade (NASDAQ:AMTD) traded up $0.30 during midday trading on Tuesday, reaching $55.79. 2,903,493 shares of the company’s stock were exchanged, compared to its average volume of 3,030,000. TD Ameritrade has a twelve month low of $36.12 and a twelve month high of $57.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 1.08. The company has a market capitalization of $31,650.00, a PE ratio of 31.70, a P/E/G ratio of 0.95 and a beta of 1.57.

A number of hedge funds have recently made changes to their positions in the stock. Federated Investors Inc. PA lifted its stake in 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 worth $174,000 after acquiring an additional 198 shares during the period. Prudential Financial Inc. lifted its position in TD Ameritrade by 2.9% during the second quarter. Prudential Financial Inc. now owns 18,016 shares of the financial services provider’s stock valued at $775,000 after buying an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in TD Ameritrade by 27.9% during 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 buying an additional 1,008 shares during the period. PNC Financial Services Group Inc. lifted its position in TD Ameritrade by 2.2% during the second quarter. PNC Financial Services Group Inc. now owns 46,942 shares of the financial services provider’s stock valued at $2,018,000 after buying an additional 1,021 shares during the period. Finally, Aperio Group LLC lifted its position in TD Ameritrade by 1.3% during the third quarter. Aperio Group LLC now owns 84,752 shares of the financial services provider’s stock valued at $4,136,000 after buying an additional 1,087 shares during the period. 88.56% of the stock is owned by institutional investors.

In related news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $55.28, for a total value of $552,800.00. Following the completion of the sale, the director now owns 145,000 shares of the company’s stock, valued at $8,015,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.44% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, February 5th. TD Ameritrade’s payout ratio is 47.73%.

ILLEGAL ACTIVITY NOTICE: This story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/31/jefferies-group-analysts-boost-earnings-estimates-for-td-ameritrade-holding-corp-amtd.html.

TD Ameritrade 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.

Get a free copy of the Zacks research report on TD Ameritrade (AMTD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for TD Ameritrade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply