TD Ameritrade Holding Corporation (NASDAQ:AMTD) – Equities researchers at Jefferies Group reduced their Q1 2018 earnings estimates for shares of TD Ameritrade Holding Corporation in a research report issued on Monday. Jefferies Group analyst D. Fannon now forecasts that the financial services provider will post earnings of $0.46 per share for the quarter, down from their previous estimate of $0.47. Jefferies Group currently has a “Hold” rating and a $48.00 price target on the stock.

Several other research analysts have also recently issued reports on the stock. BidaskClub cut shares of TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research cut shares of TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Morgan Stanley restated an “equal weight” rating and issued a $43.00 target price (up previously from $40.00) on shares of TD Ameritrade Holding Corporation in a report on Tuesday, July 25th. SunTrust Banks, Inc. restated a “buy” rating and issued a $50.00 target price (up previously from $46.00) on shares of TD Ameritrade Holding Corporation in a report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.50 target price on shares of TD Ameritrade Holding Corporation in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $44.47.

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TD Ameritrade Holding Corporation (NASDAQ:AMTD) opened at 43.03 on Wednesday. TD Ameritrade Holding Corporation has a 12 month low of $31.65 and a 12 month high of $47.41. The firm has a market capitalization of $22.73 billion, a price-to-earnings ratio of 26.89 and a beta of 1.48. The stock’s 50 day moving average is $44.77 and its 200-day moving average is $40.94.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. TD Ameritrade Holding Corporation had a net margin of 24.01% and a return on equity of 16.09%. The company had revenue of $931 million for the quarter, compared to analyst estimates of $897.98 million. During the same period in the prior year, the business earned $0.45 earnings per share. TD Ameritrade Holding Corporation’s quarterly revenue was up 11.1% on a year-over-year basis.

A number of hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in shares of TD Ameritrade Holding Corporation by 26,316.9% in the second quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock worth $877,208,000 after buying an additional 20,327,705 shares during the last quarter. BlackRock Inc. raised its stake in shares of TD Ameritrade Holding Corporation by 1,374.1% in the first quarter. BlackRock Inc. now owns 13,534,046 shares of the financial services provider’s stock worth $525,933,000 after buying an additional 12,615,921 shares during the last quarter. RPTC Inc. acquired a new stake in shares of TD Ameritrade Holding Corporation during the second quarter worth approximately $402,937,000. FMR LLC raised its position in shares of TD Ameritrade Holding Corporation by 103.8% in the second quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock valued at $450,351,000 after buying an additional 5,336,529 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of TD Ameritrade Holding Corporation by 131.9% in the first quarter. Wellington Management Group LLP now owns 7,936,910 shares of the financial services provider’s stock valued at $308,428,000 after buying an additional 4,514,083 shares in the last quarter. 93.55% of the stock is owned by institutional investors.

In related news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $40.45, for a total value of $404,500.00. Following the completion of the sale, the director now owns 170,000 shares of the company’s stock, valued at $6,876,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Friday, July 28th. TD Ameritrade Holding Corporation’s payout ratio is 45.00%.

About TD Ameritrade Holding Corporation

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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