Jefferies Financial Group Comments on TD Ameritrade Holding Corp.’s FY2019 Earnings (AMTD)

TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Equities research analysts at Jefferies Financial Group cut their FY2019 earnings per share (EPS) estimates for TD Ameritrade in a note issued to investors on Tuesday, April 9th, according to Zacks Investment Research. Jefferies Financial Group analyst D. Fannon now anticipates that the financial services provider will earn $4.11 per share for the year, down from their previous estimate of $4.14. Jefferies Financial Group also issued estimates for TD Ameritrade’s FY2020 earnings at $4.33 EPS.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. TD Ameritrade had a net margin of 34.94% and a return on equity of 26.73%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned $0.73 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis.

Several other research analysts have also recently issued reports on the stock. Barclays cut their target price on shares of TD Ameritrade from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Bank of America set a $60.00 price target on shares of TD Ameritrade and gave the company a “buy” rating in a report on Tuesday, April 9th. Wolfe Research upgraded shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Zacks Investment Research cut shares of TD Ameritrade from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, ValuEngine cut shares of TD Ameritrade from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.50.

Shares of TD Ameritrade stock traded up $0.05 on Thursday, hitting $53.48. The stock had a trading volume of 1,803,133 shares, compared to its average volume of 2,190,985. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.18 and a current ratio of 1.17. TD Ameritrade has a one year low of $45.70 and a one year high of $62.99. The stock has a market capitalization of $29.59 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 0.80 and a beta of 1.23.

A number of institutional investors have recently made changes to their positions in AMTD. JPMorgan Chase & Co. lifted its position in TD Ameritrade by 74.5% during the third quarter. JPMorgan Chase & Co. now owns 3,219,403 shares of the financial services provider’s stock valued at $170,080,000 after buying an additional 1,374,810 shares during the period. Bank of New York Mellon Corp lifted its position in TD Ameritrade by 50.7% during the third quarter. Bank of New York Mellon Corp now owns 2,238,320 shares of the financial services provider’s stock valued at $118,250,000 after buying an additional 753,480 shares during the period. Jefferies Group LLC purchased a new position in TD Ameritrade during the third quarter valued at $644,000. The Manufacturers Life Insurance Company lifted its position in TD Ameritrade by 946.5% during the third quarter. The Manufacturers Life Insurance Company now owns 181,665 shares of the financial services provider’s stock valued at $9,597,000 after buying an additional 164,305 shares during the period. Finally, Pacer Advisors Inc. purchased a new position in TD Ameritrade during the third quarter valued at $451,000. 91.73% of the stock is owned by institutional investors and hedge funds.

In other TD Ameritrade news, EVP Thomas A. Nally sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $56.10, for a total transaction of $1,402,500.00. Following the completion of the transaction, the executive vice president now owns 157,780 shares of the company’s stock, valued at $8,851,458. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.44% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.24%. The ex-dividend date is Monday, May 6th. TD Ameritrade’s dividend payout ratio is currently 35.93%.

About TD Ameritrade

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.

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

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