Equities research analysts predict that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will report sales of $1.31 billion for the current quarter, Zacks reports. Five analysts have provided estimates for TD Ameritrade’s earnings, with the highest sales estimate coming in at $1.36 billion and the lowest estimate coming in at $1.28 billion. TD Ameritrade reported sales of $904.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 44.9%. The firm is expected to announce its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that TD Ameritrade will report full year sales of $1.31 billion for the current fiscal year, with estimates ranging from $5.13 billion to $5.28 billion. For the next year, analysts expect that the company will report sales of $5.64 billion per share, with estimates ranging from $5.42 billion to $5.87 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.29. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a return on equity of 18.27% and a net margin of 23.39%.
A number of analysts recently commented on AMTD shares. Morgan Stanley upped their price objective on TD Ameritrade from $47.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. SunTrust Banks reiterated a “buy” rating on shares of TD Ameritrade in a research report on Wednesday, October 25th. Bank of America set a $54.00 price objective on TD Ameritrade and gave the company a “hold” rating in a research report on Wednesday, October 25th. Deutsche Bank upped their price objective on TD Ameritrade from $49.00 to $53.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, BidaskClub cut TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $57.29.
TD Ameritrade (NASDAQ AMTD) remained flat at $$56.29 during trading on Monday. 1,987,709 shares of the company’s stock were exchanged, compared to its average volume of 3,820,000. The company has a market cap of $31,930.00, a PE ratio of 34.75, a PEG ratio of 0.92 and a beta of 1.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.10. TD Ameritrade has a 52-week low of $36.12 and a 52-week high of $58.83.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, February 5th. TD Ameritrade’s dividend payout ratio is presently 51.85%.
In other news, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 145,000 shares of the company’s stock, valued at $8,015,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. Nally sold 17,243 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total value of $967,849.59. Following the completion of the transaction, the executive vice president now directly owns 160,079 shares of the company’s stock, valued at approximately $8,985,234.27. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of TD Ameritrade by 39.7% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 17,600 shares of the financial services provider’s stock worth $900,000 after acquiring an additional 5,000 shares during the period. Altman Advisors Inc. bought a new position in shares of TD Ameritrade in the fourth quarter worth about $486,000. Macquarie Group Ltd. boosted its stake in shares of TD Ameritrade by 15.5% in the fourth quarter. Macquarie Group Ltd. now owns 223,073 shares of the financial services provider’s stock worth $11,589,000 after acquiring an additional 29,950 shares during the period. Jane Street Group LLC boosted its stake in shares of TD Ameritrade by 1,777.6% in the fourth quarter. Jane Street Group LLC now owns 1,617,135 shares of the financial services provider’s stock worth $82,684,000 after acquiring an additional 1,531,007 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of TD Ameritrade in the fourth quarter worth about $811,000. 88.45% of the stock is owned by hedge funds and other institutional investors.
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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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