TD Ameritrade Holding Corp. (AMTD) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $0.39 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.38. The company posted revenue of $838.00 million in the period, compared to analysts expectations of $829.85 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on TD Ameritrade Holding Corp.. TD Ameritrade Holding Corp. was Downgraded by BofA/Merrill to ” Neutral” on Jun 28, 2016. Shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy” and Lowered the Price Target to $ 33 from a previous price target of $34 .
TD Ameritrade Holding Corp. closed down -0.07 points or -0.24% at $29.25 with 45,24,310 shares getting traded on Monday. Post opening the session at $29.45, the shares hit an intraday low of $28.87 and an intraday high of $29.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 7, 2016, Fredric J Tomczyk (CEO) sold 10,000 shares at $31.28 per share price. According to the SEC, on Apr 26, 2016, Thomas A. Nally (EVP, Institutional Services) sold 31,253 shares at $31.77 per share price. On Mar 15, 2016, Joseph H Moglia (director) sold 10,000 shares at $31.80 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 Companys client offerings are primarily provided through Trading and Investing Platforms and Other Offerings.