TD Ameritrade Holding Corp. (NASDAQ:AMTD) – SunTrust Banks upped their Q2 2018 earnings estimates for shares of TD Ameritrade in a research report issued to clients and investors on Monday. SunTrust Banks analyst D. Mewhirter now expects that the financial services provider will earn $0.68 per share for the quarter, up from their prior forecast of $0.64. SunTrust Banks has a “Buy” rating and a $72.00 price objective on the stock. SunTrust Banks also issued estimates for TD Ameritrade’s Q4 2018 earnings at $0.75 EPS, FY2018 earnings at $2.93 EPS, Q1 2019 earnings at $0.89 EPS, Q2 2019 earnings at $0.82 EPS, Q3 2019 earnings at $0.95 EPS, Q4 2019 earnings at $1.01 EPS and FY2019 earnings at $3.67 EPS.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.29. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%.

A number of other research analysts have also commented on AMTD. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 3rd. Morgan Stanley lifted their price objective on shares of TD Ameritrade from $56.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Nomura lifted their price objective on shares of TD Ameritrade from $63.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Citigroup lifted their price objective on shares of TD Ameritrade from $60.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Barclays lifted their price objective on shares of TD Ameritrade from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $57.29.

TD Ameritrade (NASDAQ AMTD) opened at $55.43 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.35. The company has a market cap of $31,029.42, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 0.91 and a beta of 1.50. TD Ameritrade has a one year low of $36.12 and a one year high of $58.83.

Hedge funds have recently added to or reduced their stakes in the stock. Crow Point Partners LLC purchased a new stake in TD Ameritrade during the third quarter worth about $102,000. Cerebellum GP LLC purchased a new stake in TD Ameritrade during the fourth quarter worth about $126,000. Global Trust Asset Management LLC purchased a new stake in TD Ameritrade during the fourth quarter worth about $179,000. Gamco Investors INC. ET AL purchased a new stake in TD Ameritrade during the third quarter worth about $203,000. Finally, Fox Run Management L.L.C. purchased a new stake in TD Ameritrade during the third quarter worth about $220,000. 88.39% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Thomas A. Nally sold 17,243 shares of TD Ameritrade stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total value of $967,849.59. Following the sale, the executive vice president now owns 160,079 shares of the company’s stock, valued at $8,985,234.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the sale, the director now directly owns 145,000 shares in the company, valued at approximately $8,015,600. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Monday, February 5th. TD Ameritrade’s payout ratio is 48.00%.

COPYRIGHT VIOLATION WARNING: This news story was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://theolympiareport.com/2018/02/13/suntrust-banks-comments-on-td-ameritrade-holding-corp-s-q2-2018-earnings-amtd.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 MarketBeat.com's FREE daily email newsletter.