Trade Report: The William Blair Weighs in on TD Ameritrade Holding Corp.’s Q4 2016 Earnings (AMTD)

The William Blair Weighs in on TD Ameritrade Holding Corp.’s Q4 2016 Earnings (AMTD)

TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Investment analysts at William Blair cut their Q4 2016 earnings estimates for TD Ameritrade Holding Corp. in a research report issued on Friday. William Blair analyst C. Shutler now expects that the brokerage will post earnings per share of $0.38 for the quarter, down from their previous forecast of $0.39. William Blair also issued estimates for TD Ameritrade Holding Corp.’s FY2017 earnings at $1.75 EPS.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last announced its earnings results on Tuesday, July 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm earned $838 million during the quarter, compared to analysts’ expectations of $829.63 million. TD Ameritrade Holding Corp. had a return on equity of 17.06% and a net margin of 26.24%.

A number of other research analysts also recently weighed in on AMTD. Deutsche Bank AG restated a “buy” rating on shares of TD Ameritrade Holding Corp. in a research note on Sunday, July 10th. Jefferies Group decreased their price target on TD Ameritrade Holding Corp. from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, July 7th. Barclays PLC decreased their price target on TD Ameritrade Holding Corp. from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, July 7th. Zacks Investment Research upgraded TD Ameritrade Holding Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, Citigroup Inc. lifted their target price on TD Ameritrade Holding Corp. from $28.00 to $31.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 20th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.84.

Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at 35.73 on Monday. TD Ameritrade Holding Corp. has a 12 month low of $24.88 and a 12 month high of $37.90. The company has a market cap of $18.81 billion, a PE ratio of 21.92 and a beta of 1.50. The firm’s 50-day moving average price is $33.35 and its 200-day moving average price is $31.06.

Several institutional investors have recently bought and sold shares of the company. DIAM Co. Ltd. boosted its position in TD Ameritrade Holding Corp. by 0.7% in the second quarter. DIAM Co. Ltd. now owns 25,263 shares of the company’s stock worth $705,000 after buying an additional 164 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in TD Ameritrade Holding Corp. by 3.1% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,600 shares of the company’s stock worth $188,000 after buying an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in TD Ameritrade Holding Corp. by 10.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,393 shares of the company’s stock worth $126,000 after buying an additional 409 shares during the period. CIBC Asset Management Inc boosted its position in TD Ameritrade Holding Corp. by 1.4% in the second quarter. CIBC Asset Management Inc now owns 29,571 shares of the company’s stock worth $842,000 after buying an additional 419 shares during the period. Finally, BlackRock Investment Management LLC boosted its position in TD Ameritrade Holding Corp. by 0.4% in the second quarter. BlackRock Investment Management LLC now owns 118,038 shares of the company’s stock worth $3,361,000 after buying an additional 474 shares during the period. 90.28% of the stock is owned by institutional investors.

TD Ameritrade Holding Corp. Company Profile

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