Somewhat Favorable News Coverage Somewhat Unlikely to Affect LPL Financial (LPLA) Stock Price

Media headlines about LPL Financial (NASDAQ:LPLA) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. LPL Financial earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.827918794856 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

Several brokerages have recently commented on LPLA. Credit Suisse Group began coverage on LPL Financial in a research report on Thursday, November 30th. They issued an “outperform” rating and a $68.00 target price for the company. Citigroup lifted their target price on LPL Financial from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Nomura raised their price target on LPL Financial from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded LPL Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, J P Morgan Chase & Co raised 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. LPL Financial currently has an average rating of “Hold” and a consensus target price of $54.55.

Shares of LPL Financial (NASDAQ:LPLA) traded up $1.05 during trading on Friday, reaching $55.95. The company’s stock had a trading volume of 674,469 shares, compared to its average volume of 717,044. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.54. The company has a market cap of $5,019.08, a P/E ratio of 22.35, a P/E/G ratio of 1.86 and a beta of 1.88. LPL Financial has a 52-week low of $34.45 and a 52-week high of $56.56.

LPL Financial (NASDAQ:LPLA) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. LPL Financial had a return on equity of 26.03% and a net margin of 5.19%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. equities research analysts predict that LPL Financial will post 2.31 earnings per share for the current year.

LPL Financial announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 5th that allows the company to buyback $359.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Thursday, November 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Wednesday, November 8th. LPL Financial’s payout ratio is currently 42.55%.

In other LPL Financial news, CEO Dan H. Arnold sold 3,742 shares of LPL Financial 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.00% of the stock is owned by 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.

Insider Buying and Selling by Quarter for LPL Financial (NASDAQ:LPLA)

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