SunTrust Banks Analysts Increase Earnings Estimates for TD Ameritrade Holding Corp. (AMTD)
TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Analysts at SunTrust Banks upped their FY2018 earnings per share (EPS) estimates for TD Ameritrade in a research report issued on Tuesday. SunTrust Banks analyst D. Mewhirter now forecasts that the financial services provider will earn $2.42 per share for the year, up from their previous estimate of $2.40. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for TD Ameritrade’s Q4 2018 earnings at $0.70 EPS and FY2019 earnings at $3.07 EPS.
TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS.
A number of other equities research analysts have also issued reports on AMTD. Zacks Investment Research lowered shares of TD Ameritrade from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 5th. Citigroup reissued a “neutral” rating and issued a $50.00 price target on shares of TD Ameritrade in a report on Tuesday, October 10th. BidaskClub raised shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Goldman Sachs Group reissued a “neutral” rating and issued a $53.00 price target on shares of TD Ameritrade in a report on Tuesday, October 3rd. Finally, Bank of America lowered shares of TD Ameritrade from a “buy” rating to a “neutral” rating and raised their price target for the stock from $51.00 to $52.00 in a report on Monday, October 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. TD Ameritrade currently has an average rating of “Hold” and a consensus target price of $49.93.
Shares of TD Ameritrade (NASDAQ AMTD) traded up $1.10 during trading on Wednesday, reaching $51.98. 5,165,118 shares of the company’s stock were exchanged, compared to its average volume of 2,563,684. The company has a market cap of $29,174.70, a price-to-earnings ratio of 29.58, a PEG ratio of 1.71 and a beta of 1.57. TD Ameritrade has a 1-year low of $36.12 and a 1-year high of $54.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08.
Several large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its position in shares of TD Ameritrade by 25.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 257,842 shares of the financial services provider’s stock worth $12,583,000 after purchasing an additional 52,437 shares during the period. AXA lifted its position in TD Ameritrade by 22.5% during the 3rd quarter. AXA now owns 594,577 shares of the financial services provider’s stock valued at $29,015,000 after acquiring an additional 109,302 shares during the period. Gofen & Glossberg LLC IL purchased a new position in TD Ameritrade during the 3rd quarter valued at about $293,000. IFM Investors Pty Ltd purchased a new position in TD Ameritrade during the 3rd quarter valued at about $418,000. Finally, RWC Asset Management LLP lifted its position in TD Ameritrade by 48.9% during the 3rd quarter. RWC Asset Management LLP now owns 636,693 shares of the financial services provider’s stock valued at $31,071,000 after acquiring an additional 209,212 shares during the period. 88.74% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was purchased at an average cost of $36.12 per share, with a total value of $399,999,995.64. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.62%. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, November 6th. TD Ameritrade’s dividend payout ratio (DPR) is currently 51.22%.
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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