FY2021 EPS Estimates for TD Ameritrade Holding Corp. (AMTD) Decreased by Analyst
TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Equities research analysts at Gabelli lowered their FY2021 earnings per share estimates for TD Ameritrade in a research note issued to investors on Friday, November 16th. Gabelli analyst M. Sykes now forecasts that the financial services provider will post earnings of $5.05 per share for the year, down from their previous estimate of $5.20. Gabelli also issued estimates for TD Ameritrade’s FY2022 earnings at $5.80 EPS.
Several other research analysts also recently commented on AMTD. Zacks Investment Research upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Thursday, October 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $68.50 target price on shares of TD Ameritrade in a report on Tuesday, July 24th. BidaskClub upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Morgan Stanley decreased their price target on shares of TD Ameritrade from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 25th. Finally, UBS Group upgraded shares of TD Ameritrade from a “neutral” rating to a “buy” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $63.66.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Monday, October 22nd. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. TD Ameritrade had a net margin of 27.02% and a return on equity of 24.54%. The business’s quarterly revenue was up 42.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.34%. This is a positive change from TD Ameritrade’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, November 5th. TD Ameritrade’s dividend payout ratio (DPR) is currently 35.93%.
Institutional investors have recently modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new stake in shares of TD Ameritrade during the 2nd quarter valued at about $115,000. IFP Advisors Inc boosted its position in shares of TD Ameritrade by 255.4% during the 3rd quarter. IFP Advisors Inc now owns 2,207 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 1,586 shares in the last quarter. Commerce Bank acquired a new stake in shares of TD Ameritrade during the 3rd quarter valued at about $210,000. Chesley Taft & Associates LLC acquired a new stake in shares of TD Ameritrade during the 3rd quarter valued at about $220,000. Finally, First Mercantile Trust Co. boosted its position in shares of TD Ameritrade by 38.5% during the 2nd quarter. First Mercantile Trust Co. now owns 4,357 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 1,211 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.
About TD Ameritrade
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
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