Bank of America Downgrades TD Ameritrade Holding Corp. to Neutral

Brokerage firm Bank of America Downgrades its rating on TD Ameritrade Holding Corp.(NASDAQ:AMTD). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Bank of America was issued on Jun 28, 2016.

In a different note, On Jun 16, 2016, Deutsche Bank said it Maintains its rating on TD Ameritrade Holding Corp.. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Deutsche Bank said it Maintains its rating on TD Ameritrade Holding Corp.. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 20, 2016, Barclays said it Downgrades its rating on TD Ameritrade Holding Corp.. In the research note, the firm Lowers the price-target to $36.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Apr 19, 2016, Goldman Sachs said it Maintains its rating on TD Ameritrade Holding Corp.. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 5, 2016, Deutsche Bank said it Maintains its rating on TD Ameritrade Holding Corp.. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm.

TD Ameritrade Holding Corp. (AMTD) shares turned negative on Fridays trading session with the shares closing down -0.495 points or -1.74% at a volume of 37,16,581. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.4951. The peak price level was also seen at $28.4951 while the days lowest was $27.88. Finally the shares closed at $27.98. The 52-week high of the shares is $38.72 while the 52-week low is $24.88. According to the latest information available, the market cap of the company is $14,798 M.

TD Ameritrade Holding Corp.(AMTD) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $846.00M. Analysts had an estimated revenue of $857.97M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Fredric J Tomczyk (CEO) sold 10,000 shares at $31.28 per share price.Also, 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 Company’s client offerings are primarily provided through Trading and Investing Platforms and Other Offerings.

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