Somewhat Positive Press Coverage Somewhat Unlikely to Affect LPL Financial Holdings (LPLA) Stock Price
News coverage about LPL Financial Holdings (NASDAQ:LPLA) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. LPL Financial Holdings earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.2494809322688 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- BRIEF-LPL financial announces pricing of add-on senior unsecured note offering (reuters.com)
- LPL Financial Announces Senior Secured Credit Facilities Repricing and Senior Unsecured Note Offering (finance.yahoo.com)
- LPL Financial Announces Pricing of Add-On Senior Unsecured Note Offering (finance.yahoo.com)
- MetLife Slashes Annuity Pay to Former Advisors (finance.yahoo.com)
- Citi (C) Aims Expansion of Australian Wealth Management Arm (finance.yahoo.com)
A number of brokerages have commented on LPLA. Keefe, Bruyette & Woods reissued a “hold” rating and set a $44.00 target price on shares of LPL Financial Holdings in a report on Tuesday, July 4th. J P Morgan Chase & Co reissued a “neutral” rating and set a $51.00 target price (up previously from $48.00) on shares of LPL Financial Holdings in a report on Friday, August 18th. Nomura increased their target price on LPL Financial Holdings from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, August 17th. SunTrust Banks, Inc. raised LPL Financial Holdings from a “hold” rating to a “buy” rating and increased their target price for the company from $49.00 to $55.00 in a report on Wednesday, August 16th. Finally, Zacks Investment Research raised LPL Financial Holdings from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. LPL Financial Holdings presently has a consensus rating of “Buy” and a consensus price target of $48.20.
Shares of LPL Financial Holdings (NASDAQ LPLA) opened at 45.34 on Friday. The firm has a market cap of $4.08 billion, a PE ratio of 19.70 and a beta of 1.84. The company has a 50 day moving average price of $45.90 and a 200 day moving average price of $41.96. LPL Financial Holdings has a 12-month low of $28.38 and a 12-month high of $48.56.
LPL Financial Holdings (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. LPL Financial Holdings had a return on equity of 26.45% and a net margin of 5.10%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS. On average, analysts forecast that LPL Financial Holdings will post $2.40 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, August 8th. LPL Financial Holdings’s payout ratio is currently 43.48%.
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LPL Financial Holdings 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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