Press coverage about LPL Financial (NASDAQ:LPLA) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. 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 coverage optimism score of 0.20 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.551171946527 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
Several analysts have weighed in on the stock. BidaskClub raised shares of LPL Financial from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Credit Suisse Group upped their price objective on shares of LPL Financial from $84.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 8th. Sanford C. Bernstein assumed coverage on shares of LPL Financial in a research note on Monday, April 9th. They set an “outperform” rating and a $75.00 price objective on the stock. Goldman Sachs cut shares of LPL Financial from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Wednesday, May 16th. Finally, Zacks Investment Research cut shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $77.00.
LPLA opened at $70.47 on Monday. LPL Financial has a one year low of $37.92 and a one year high of $70.95. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.36. The company has a market cap of $6.28 billion, a PE ratio of 23.49, a P/E/G ratio of 0.96 and a beta of 1.61.
LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. LPL Financial had a net margin of 6.33% and a return on equity of 31.76%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. LPL Financial’s revenue was up 19.9% compared to the same quarter last year. equities analysts anticipate that LPL Financial will post 4.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.42%. LPL Financial’s dividend payout ratio (DPR) is currently 33.33%.
In related news, Director Tracy Calder sold 7,388 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $64.54, for a total value of $476,821.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marco Hellman sold 1,150,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $62.12, for a total transaction of $71,438,000.00. The disclosure for this sale can be found here. Insiders have sold 1,452,873 shares of company stock worth $91,329,254 over the last three months. 2.60% of the stock is owned by insiders.
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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