Media headlines about LPL Financial (NASDAQ:LPLA) have trended somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. LPL Financial earned a news impact score of 0.18 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.5176389468149 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
LPLA has been the subject of several research reports. Morgan Stanley increased their price objective on LPL Financial from $39.00 to $42.00 and gave the company an “underweight” rating in a research report on Thursday, October 5th. ValuEngine cut LPL Financial from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research raised LPL Financial from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, October 18th. SunTrust Banks reaffirmed a “buy” rating and issued a $65.00 target price on shares of LPL Financial in a research report on Friday, October 27th. Finally, JPMorgan Chase & Co. raised their target price on LPL Financial from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $58.25.
Shares of LPL Financial (NASDAQ:LPLA) traded up $0.38 during mid-day trading on Wednesday, reaching $59.55. The company had a trading volume of 82,870 shares, compared to its average volume of 804,806. The company has a market capitalization of $5,421.33, a PE ratio of 24.14, a P/E/G ratio of 1.27 and a beta of 1.88. LPL Financial has a 52-week low of $37.35 and a 52-week high of $62.51. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.48 and a current ratio of 1.48.
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 consensus estimate of $0.60 by $0.03. LPL Financial had a return on equity of 26.03% and a net margin of 5.19%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company posted $0.58 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. research analysts anticipate that LPL Financial will post 2.27 EPS for the current fiscal year.
LPL Financial declared that its board has initiated a stock repurchase program on Tuesday, December 5th that authorizes the company to buyback $359.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
In other LPL Financial news, CEO Dan H. Arnold sold 3,742 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $48.54, for a total transaction of $181,636.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.00% of the company’s stock.
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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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