Robinhood's Acquisition of TradePMR to Transform Wealth Management [Yahoo! Finance]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Yahoo! Finance
management platform specializing in services for Registered Investment Advisors (RIAs). With this stock and cash deal expected to close in the first half of 2025, HOOD is signaling a significant shift from a retail trading platform to a diversified financial services provider. The deal got support from investors and the company shares touched a three-year high of $36.32 on Tuesday. The acquisition positions Robinhood within the rapidly growing $7 trillion RIA industry. RIAs deliver fiduciary financial advice tailored to clients' unique goals and circumstances—a service increasingly sought after by Robinhood's maturing customer base. With Gainesville, FL-based TradePMR's top-ranked platform and $40 billion in assets under administration, HOOD will gain immediate credibility and resources to cater to wealthier investors seeking advisory solutions. One of the key synergies from this acquisition lies in the integration of TradePMR's technology with Robinhood's innovative platform. T
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- Robinhood Markets, Inc. (NASDAQ: HOOD) had its price target raised by analysts at Sanford C. Bernstein from $30.00 to $51.00. They now have an "outperform" rating on the stock.MarketBeat
- Firstrade to offer overnight trading, joins growing list of US brokerages [Yahoo! Finance Canada]Yahoo! Finance Canada
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HOOD
Earnings
- 10/30/24 - Miss
HOOD
Sec Filings
- 11/21/24 - Form 4/A
- 11/20/24 - Form 4
- 11/18/24 - Form 144
- HOOD's page on the SEC website