SunTrust Banks Comments on TD Ameritrade Holding Corp.’s Q2 2018 Earnings (AMTD)
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%.
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%.
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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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