TD Ameritrade Holding Corporation (NASDAQ:AMTD) – William Blair cut their FY2017 earnings per share estimates for shares of TD Ameritrade Holding Corporation in a report issued on Friday. William Blair analyst C. Shutler now forecasts that the financial services provider will post earnings of $1.68 per share for the year, down from their previous forecast of $1.69. William Blair also issued estimates for TD Ameritrade Holding Corporation’s Q4 2017 earnings at $0.43 EPS, Q1 2019 earnings at $0.65 EPS and FY2019 earnings at $2.88 EPS.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $931.00 million for the quarter, compared to analysts’ expectations of $897.98 million. TD Ameritrade Holding Corporation had a return on equity of 16.09% and a net margin of 24.01%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. TRADEMARK VIOLATION NOTICE: This story was first posted by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.watchlistnews.com/fy2017-earnings-forecast-for-td-ameritrade-holding-corporation-issued-by-william-blair-amtd/1636362.html.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.50 price target on shares of TD Ameritrade Holding Corporation in a research note on Friday, July 14th. Morgan Stanley restated an “equal weight” rating and issued a $43.00 price target (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, July 25th. BidaskClub lowered shares of TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Jefferies Group LLC raised their price target on shares of TD Ameritrade Holding Corporation from $40.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, June 19th. Finally, Zacks Investment Research upgraded shares of TD Ameritrade Holding Corporation from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a research note on Tuesday, October 3rd. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $48.79.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 48.10 on Monday. TD Ameritrade Holding Corporation has a 12 month low of $33.26 and a 12 month high of $50.72. The firm has a market cap of $25.40 billion, a PE ratio of 30.06 and a beta of 1.55. The company has a 50-day moving average price of $46.09 and a 200 day moving average price of $42.29.

In related news, Director Joseph H. Moglia sold 15,000 shares of TD Ameritrade Holding Corporation stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $44.66, for a total value of $669,900.00. Following the transaction, the director now owns 155,000 shares in the company, valued at approximately $6,922,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average price of $36.12 per share, for a total transaction of $399,999,995.64. The disclosure for this purchase can be found here. 0.42% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its holdings in TD Ameritrade Holding Corporation by 3.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 457,856 shares of the financial services provider’s stock worth $17,793,000 after acquiring an additional 13,541 shares during the period. BlackRock Inc. raised its holdings in TD Ameritrade Holding Corporation by 1,374.1% in the 1st quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after acquiring an additional 12,615,921 shares during the period. Delta Lloyd Asset Management N.V. bought a new position in TD Ameritrade Holding Corporation in the 2nd quarter worth $1,459,000. Principal Financial Group Inc. raised its holdings in TD Ameritrade Holding Corporation by 71.7% in the 1st quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock worth $3,087,000 after acquiring an additional 33,172 shares during the period. Finally, Creative Planning raised its holdings in TD Ameritrade Holding Corporation by 2.5% in the 2nd quarter. Creative Planning now owns 1,156,600 shares of the financial services provider’s stock worth $49,722,000 after acquiring an additional 28,235 shares during the period. Hedge funds and other institutional investors own 93.53% of the company’s stock.

TD Ameritrade Holding Corporation 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.

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

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