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%.

ILLEGAL ACTIVITY NOTICE: “SunTrust Banks Analysts Increase Earnings Estimates for TD Ameritrade Holding Corp. (AMTD)” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.watchlistnews.com/suntrust-banks-analysts-increase-earnings-estimates-for-td-ameritrade-holding-corp-amtd/1766588.html.

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.

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

Receive News & Ratings for TD Ameritrade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade and related companies with Analyst Ratings Network's FREE daily email newsletter.