TD Ameritrade (NASDAQ:AMTD) – Research analysts at SunTrust Banks raised their Q3 2018 earnings per share estimates for shares of TD Ameritrade in a research note issued to investors on Wednesday, March 14th, Zacks Investment Research reports. SunTrust Banks analyst D. Mewhirter now anticipates that the financial services provider will post earnings per share of $0.70 for the quarter, up from their previous estimate of $0.69. SunTrust Banks has a “Buy” rating and a $72.00 price target on the stock. SunTrust Banks also issued estimates for TD Ameritrade’s Q1 2019 earnings at $0.90 EPS, Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.96 EPS, Q4 2019 earnings at $1.02 EPS and FY2019 earnings at $3.72 EPS.
Other equities research analysts have also recently issued research reports about the company. Wells Fargo reissued an “outperform” rating and issued a $67.00 price target (up previously from $56.00) on shares of TD Ameritrade in a research note on Thursday, January 4th. Nomura boosted their price target on TD Ameritrade from $63.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Sandler O’Neill reissued a “buy” rating and issued a $63.00 price target on shares of TD Ameritrade in a research note on Tuesday, January 23rd. BidaskClub cut TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Morgan Stanley boosted their price target on TD Ameritrade from $56.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $61.91.
Shares of NASDAQ AMTD traded down $1.59 during trading hours on Friday, hitting $57.57. The stock had a trading volume of 2,654,331 shares, compared to its average volume of 2,660,659. The stock has a market cap of $33,565.57, a price-to-earnings ratio of 31.29, a PEG ratio of 0.96 and a beta of 1.36. TD Ameritrade has a 52 week low of $36.12 and a 52 week high of $63.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.12.
TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.29. The company had revenue of $1.26 billion for 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%.
Several hedge funds have recently modified their holdings of AMTD. Jane Street Group LLC lifted its holdings in shares of TD Ameritrade by 1,777.6% during 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 buying an additional 1,531,007 shares during the last quarter. Boston Partners lifted its holdings in shares of TD Ameritrade by 41.6% during the fourth quarter. Boston Partners now owns 4,156,751 shares of the financial services provider’s stock worth $212,535,000 after buying an additional 1,221,924 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of TD Ameritrade during the fourth quarter worth approximately $29,191,000. BlackRock Inc. lifted its holdings in shares of TD Ameritrade by 4.2% during the fourth quarter. BlackRock Inc. now owns 14,003,570 shares of the financial services provider’s stock worth $715,999,000 after buying an additional 570,868 shares during the last quarter. Finally, AGF Investments Inc. lifted its holdings in shares of TD Ameritrade by 40.8% during the third quarter. AGF Investments Inc. now owns 1,647,213 shares of the financial services provider’s stock worth $80,384,000 after buying an additional 476,973 shares during the last quarter. Institutional investors own 92.03% of the company’s stock.
In other TD Ameritrade news, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. Nally sold 17,243 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total value of $967,849.59. Following the sale, 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. 0.44% of the stock is owned by corporate insiders.
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About TD Ameritrade
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
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