TD Ameritrade Holding Corp. (AMTD) is Reiterated by Piper Jaffray to Neutral, Raises Price Target to $ 36

TD Ameritrade Holding Corp. (AMTD) was Reiterated by Piper Jaffray to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 36 from a previous price target of $35 . Piper Jaffray advised their investors in a research report released on Apr 20, 2016.

Many Wall Street Analysts have commented on TD Ameritrade Holding Corp.. Shares were Downgraded by Barclays on Apr 20, 2016 to ” Equal Weight” and Lowered the Price Target to $ 33 from a previous price target of $36 .Shares were Reiterated by Compass Point on Apr 19, 2016 to “Neutral” and Lowered the Price Target to $ 31 from a previous price target of $32 .

On the company’s financial health, TD Ameritrade Holding Corp. reported $0.38 EPS for the quarter, based on the information available during the earnings call on Apr 19, 2016. Analyst had a consensus estimate of $0.38. The company had revenue of $846.00 million for the quarter, compared to analysts expectations of $858.14 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

TD Ameritrade Holding Corp. closed down -0.05 points or -0.16% at $31.65 with 44,58,570 shares getting traded on Monday. Post opening the session at $31.5, the shares hit an intraday low of $31.24 and an intraday high of $31.805 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 15, 2016, Joseph H Moglia (director) sold 10,000 shares at $31.80 per share price. According to the SEC, on Dec 9, 2015, Steven M. Quirk (EVP, Trader Group) sold 22,138 shares at $36.94 per share price. On Dec 3, 2015, Thomas Jr Bradley (EVP, Retail Distribution) sold 36,682 shares at $36.52 per share price, according to the Form-4 filing with the securities and exchange commission.

TD Ameritrade Holding Corporation (TD Ameritrade) is an investment banking and a retail discount securities brokerage company. The parent company is Delaware Corporation. The Company provides securities brokerage services and related technology-based financial 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. The Company offers various products and services to its client primarily trading in common and preferred stocks American Depository Receipts closed-end funds Exchange Traded Funds Futures & Options Foreign Exchange Mutual Funds Fixed Income securities New and secondary issue securities Margin lending Cash Management Services and Annuities. The Company’s client offerings are primarily provided through Trading and Investing Platforms and Other Offerings.

TD Ameritrade Holding Corp.

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