TD Ameritrade Holding Corp. to Post Q1 2021 Earnings of $0.81 Per Share, Jefferies Financial Group Forecasts (NASDAQ:AMTD)

TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Stock analysts at Jefferies Financial Group issued their Q1 2021 earnings per share estimates for shares of TD Ameritrade in a research note issued on Monday, October 21st. Jefferies Financial Group analyst D. Fannon forecasts that the financial services provider will post earnings of $0.81 per share for the quarter. Jefferies Financial Group also issued estimates for TD Ameritrade’s Q2 2021 earnings at $0.78 EPS and Q4 2021 earnings at $0.83 EPS.

TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.47 billion. TD Ameritrade had a net margin of 36.72% and a return on equity of 27.18%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS.

Several other equities research analysts have also recently issued reports on the stock. ValuEngine raised shares of TD Ameritrade from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. Deutsche Bank boosted their price objective on shares of TD Ameritrade from $34.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday. They noted that the move was a valuation call. Bank of America cut shares of TD Ameritrade from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $57.00 to $39.00 in a research report on Tuesday, October 1st. BidaskClub cut shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Finally, Compass Point set a $58.00 price objective on shares of TD Ameritrade and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.82.

TD Ameritrade stock opened at $38.52 on Thursday. The stock has a market cap of $20.93 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.15. TD Ameritrade has a 1 year low of $32.69 and a 1 year high of $57.88. The firm has a 50-day moving average of $42.03 and a two-hundred day moving average of $48.11.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Monday, November 4th. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.30. TD Ameritrade’s dividend payout ratio is presently 29.06%.

Several institutional investors and hedge funds have recently made changes to their positions in AMTD. Lafayette Investments Inc. acquired a new position in TD Ameritrade during the 3rd quarter valued at approximately $2,154,000. Rhumbline Advisers increased its stake in TD Ameritrade by 44.7% during the 3rd quarter. Rhumbline Advisers now owns 422,406 shares of the financial services provider’s stock valued at $19,726,000 after purchasing an additional 130,400 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in TD Ameritrade during the 3rd quarter valued at approximately $10,106,000. Financial Advantage Inc. acquired a new position in TD Ameritrade during the 3rd quarter valued at approximately $49,000. Finally, World Asset Management Inc increased its stake in TD Ameritrade by 3.3% during the 3rd quarter. World Asset Management Inc now owns 10,337 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 329 shares in the last quarter. 91.61% of the stock is owned by hedge funds and other institutional investors.

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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