News stories about LPL Financial (NASDAQ:LPLA) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LPL Financial earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.8855029379578 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
LPL Financial (LPLA) opened at $61.29 on Thursday. The stock has a market capitalization of $5,560.00, a PE ratio of 25.97, a PEG ratio of 1.36 and a beta of 1.88. LPL Financial has a 1 year low of $36.72 and a 1 year high of $61.95. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.54.
LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. LPL Financial had a return on equity of 25.44% and a net margin of 5.46%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. equities research analysts predict that LPL Financial will post 2.27 earnings per share for the current year.
LPL Financial announced that its Board of Directors has initiated a share repurchase plan on Tuesday, December 5th that permits the company to repurchase $359.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded LPL Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Credit Suisse Group assumed coverage on LPL Financial in a report on Thursday, November 30th. They set an “outperform” rating and a $68.00 price target on the stock. Wells Fargo & Co restated a “market perform” rating and set a $60.00 price target (up previously from $52.00) on shares of LPL Financial in a report on Thursday, January 4th. JPMorgan Chase & Co. upped their price target on LPL Financial from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Finally, ValuEngine downgraded LPL Financial from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. LPL Financial currently has a consensus rating of “Buy” and a consensus target price of $57.50.
In related news, CEO Dan H. Arnold sold 3,742 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.54, for a total value of $181,636.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is owned by corporate insiders.
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LPL Financial Company Profile
LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.
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