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%.
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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.
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