News coverage about LPL Financial (NASDAQ:LPLA) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LPL Financial earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 44.8750967899644 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- $1.19 Billion in Sales Expected for LPL Financial (LPLA) This Quarter (americanbankingnews.com)
- Coronadan Dan Gensler Among America’s Top Financial Advisors (coronadonewsca.com)
- Zacks: Analysts Expect LPL Financial (LPLA) to Announce $0.69 EPS (americanbankingnews.com)
- LPL Financial (LPLA) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- Forbes names Craig Bolanos among America’s top financial advisors (chicagotribune.com)
Several research analysts recently commented on the company. Sanford C. Bernstein assumed coverage on LPL Financial in a research report on Monday, April 9th. They issued an “outperform” rating and a $75.00 price target for the company. BidaskClub upgraded LPL Financial from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. SunTrust Banks reissued a “buy” rating and issued a $75.00 price objective on shares of LPL Financial in a research note on Friday, February 2nd. Morgan Stanley raised shares of LPL Financial from an “underweight” rating to an “equal weight” rating and set a $42.00 price objective for the company in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $70.91.
NASDAQ LPLA traded up $0.78 during trading on Friday, hitting $61.35. The stock had a trading volume of 1,640,392 shares, compared to its average volume of 916,977. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $5,532.60, a P/E ratio of 20.45, a PEG ratio of 1.04 and a beta of 1.62. LPL Financial has a one year low of $37.92 and a one year high of $66.64.
LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.52. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. LPL Financial had a net margin of 5.58% and a return on equity of 29.42%. equities research analysts expect that LPL Financial will post 3.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.63%. The ex-dividend date was Thursday, March 8th. LPL Financial’s payout ratio is currently 33.33%.
In other news, insider John Andrew Kalbaugh sold 1,398 shares of LPL Financial stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $64.76, for a total transaction of $90,534.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William P. Jr. Morrissey sold 20,000 shares of LPL Financial stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $62.74, for a total transaction of $1,254,800.00. Following the sale, the director now directly owns 37,541 shares of the company’s stock, valued at approximately $2,355,322.34. The disclosure for this sale can be found here. In the last three months, insiders sold 1,469,435 shares of company stock valued at $92,312,374. 2.60% of the stock is owned by insiders.
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About LPL Financial
LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.
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