UPDATE: Compass Point Research & Trading Reiterates Neutral Rating, Raises PT on TD Ameritrade Holding Corp.

In a report published Wednesday, Compass Point Research & Trading reiterated its Neutral rating on TD Ameritrade Holding Corp.

, and slightly raised its price target from $18.00 to $19.00. Compass Point noted, “We are reiterating our Neutral rating on AMTD shares, but raising our price target to $19 from $18, after the company reported better-than-expected F1Q13 earnings, highlighted by record organic growth and a recent revision to the company's sweep agreement with TD Bank, which lowers fees for Ameritrade in low rate environments. Nonetheless, although management continues to grind through the challenging environment, with shares trading at 15x our FY14 EPS estimate, we expect most of the excitement has become priced in, and given our expectation of ongoing macro uncertainty we see limited catalysts over the next 12 months to drive shares meaningfully higher.” TD Ameritrade Holding Corp. closed on Tuesday at $18.45.