Brokerages predict that TD Ameritrade Holding Corporation (NASDAQ:AMTD) will report sales of $1.16 billion for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for TD Ameritrade Holding Corporation’s earnings. The lowest sales estimate is $1.13 billion and the highest is $1.17 billion. TD Ameritrade Holding Corporation reported sales of $859.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 35%. The business is scheduled to announce its next earnings report on Wednesday, January 17th.

According to Zacks, analysts expect that TD Ameritrade Holding Corporation will report full-year sales of $1.16 billion for the current financial year, with estimates ranging from $4.67 billion to $4.93 billion. For the next fiscal year, analysts forecast that the firm will report sales of $5.33 billion per share, with estimates ranging from $5.24 billion to $5.54 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover TD Ameritrade Holding Corporation.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. TD Ameritrade Holding Corporation had a return on equity of 15.91% and a net margin of 23.72%. The business had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. TD Ameritrade Holding Corporation’s revenue was up 18.6% on a year-over-year basis.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded TD Ameritrade Holding Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, October 18th. BidaskClub lowered TD Ameritrade Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Morgan Stanley boosted their price target on TD Ameritrade Holding Corporation from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Jefferies Group LLC reissued a “hold” rating and set a $46.00 price target on shares of TD Ameritrade Holding Corporation in a research report on Friday, October 6th. Finally, Bank of America Corporation downgraded TD Ameritrade Holding Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $51.00 to $52.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.14.

In other news, Director Joseph H. Moglia sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was 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 of the company’s stock, valued at $6,922,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Luxembourg International Ho Td bought 11,074,197 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was purchased at an average cost 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 currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in shares of TD Ameritrade Holding Corporation by 10.5% in the second quarter. Public Employees Retirement System of Ohio now owns 113,288 shares of the financial services provider’s stock valued at $4,870,000 after buying an additional 10,781 shares during the period. Delta Lloyd Asset Management N.V. bought a new stake in shares of TD Ameritrade Holding Corporation in the second quarter valued at approximately $1,459,000. Principal Financial Group Inc. boosted its stake in shares of TD Ameritrade Holding Corporation by 71.7% in the first quarter. Principal Financial Group Inc. now owns 79,442 shares of the financial services provider’s stock valued at $3,087,000 after buying an additional 33,172 shares during the period. BT Investment Management Ltd boosted its stake in shares of TD Ameritrade Holding Corporation by 4.2% in the third quarter. BT Investment Management Ltd now owns 3,591,397 shares of the financial services provider’s stock valued at $175,260,000 after buying an additional 143,923 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of TD Ameritrade Holding Corporation by 75.7% in the second quarter. Amalgamated Bank now owns 25,879 shares of the financial services provider’s stock valued at $1,113,000 after buying an additional 11,154 shares during the period. Institutional investors and hedge funds own 94.87% of the company’s stock.

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TD Ameritrade Holding Corporation (AMTD) traded up $0.25 on Friday, reaching $48.99. The company had a trading volume of 1,056,724 shares, compared to its average volume of 2,556,064. TD Ameritrade Holding Corporation has a fifty-two week low of $36.12 and a fifty-two week high of $51.22. The company has a market capitalization of $25,740.00, a price-to-earnings ratio of 28.01, a PEG ratio of 1.63 and a beta of 1.57. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.35.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be given a $0.21 dividend. This is an increase from TD Ameritrade Holding Corporation’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 1.71%. TD Ameritrade Holding Corporation’s dividend payout ratio is presently 51.22%.

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.

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

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