FY2017 EPS Estimates for TD Ameritrade Holding Corporation (AMTD) Increased by CLSA

TD Ameritrade Holding Corporation (NASDAQ:AMTD) – Stock analysts at CLSA lifted their FY2017 earnings per share (EPS) estimates for TD Ameritrade Holding Corporation in a report issued on Monday. CLSA analyst R. Rutschow now forecasts that the firm will post earnings of $1.85 per share for the year, up from their prior estimate of $1.70. CLSA also issued estimates for TD Ameritrade Holding Corporation’s FY2018 earnings at $2.39 EPS and FY2019 earnings at $3.25 EPS.

Several other brokerages also recently weighed in on AMTD. Instinet upgraded TD Ameritrade Holding Corporation from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Friday, January 6th. Jefferies Group restated a “hold” rating and set a $47.00 target price on shares of TD Ameritrade Holding Corporation in a research note on Sunday. SunTrust Banks, Inc. restated a “buy” rating and set a $42.00 target price (up from $38.00) on shares of TD Ameritrade Holding Corporation in a research note on Tuesday, October 25th. Zacks Investment Research downgraded TD Ameritrade Holding Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. Finally, Morgan Stanley began coverage on TD Ameritrade Holding Corporation in a research note on Monday, September 26th. They set an “equal weight” rating and a $34.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.16.

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

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TD Ameritrade Holding Corporation (NASDAQ:AMTD) traded down 0.04% during mid-day trading on Wednesday, reaching $46.82. The company’s stock had a trading volume of 1,228,330 shares. TD Ameritrade Holding Corporation has a 12 month low of $24.88 and a 12 month high of $47.01. The stock’s 50-day moving average is $42.95 and its 200-day moving average is $34.90. The firm has a market capitalization of $24.63 billion, a PE ratio of 29.63 and a beta of 1.60.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) last posted its earnings results on Monday, October 24th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.03. TD Ameritrade Holding Corporation had a net margin of 25.32% and a return on equity of 16.31%. The firm earned $829 million during the quarter, compared to analysts’ expectations of $838.27 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis.

In other news, Director Brian M. Levitt bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The shares were purchased at an average price of $33.87 per share, with a total value of $169,350.00. Following the completion of the acquisition, the director now directly owns 6,509 shares in the company, valued at $220,459.83. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “FY2017 EPS Estimates for TD Ameritrade Holding Corporation (AMTD) Increased by CLSA” was first reported by BBNS and is owned by of BBNS. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this news story can be viewed at https://baseballnewssource.com/markets/fy2017-eps-estimates-for-td-ameritrade-holding-corporation-amtd-increased-by-clsa/345513.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMTD. Hudson Bay Capital Management LP acquired a new position in TD Ameritrade Holding Corporation during the third quarter valued at about $7,048,000. RWC Asset Management LLP raised its position in TD Ameritrade Holding Corporation by 57.1% in the third quarter. RWC Asset Management LLP now owns 189,464 shares of the company’s stock valued at $6,677,000 after buying an additional 68,871 shares during the period. D.A. Davidson & CO. raised its position in TD Ameritrade Holding Corporation by 593.8% in the third quarter. D.A. Davidson & CO. now owns 12,301 shares of the company’s stock valued at $432,000 after buying an additional 10,528 shares during the period. Pioneer Investment Management Inc. raised its position in TD Ameritrade Holding Corporation by 151.9% in the third quarter. Pioneer Investment Management Inc. now owns 516,384 shares of the company’s stock valued at $18,197,000 after buying an additional 311,423 shares during the period. Finally, Cetera Advisor Networks LLC acquired a new position in TD Ameritrade Holding Corporation during the third quarter valued at about $226,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

TD Ameritrade Holding Corporation 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.

5 Day Chart for NASDAQ:AMTD

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