LPL Financial Holdings (LPLA) Earns Daily Coverage Optimism Score of 0.06
News coverage about LPL Financial Holdings (NASDAQ:LPLA) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. LPL Financial Holdings earned a news impact score of 0.06 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.3931678685774 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Brokerages Expect LPL Financial Holdings Inc. (LPLA) Will Post Quarterly Sales of $1.12 Billion (americanbankingnews.com)
- Zacks: Analysts Anticipate LPL Financial Holdings Inc. (LPLA) Will Post Quarterly Sales of $1.12 Billion (americanbankingnews.com)
- Insider Selling: LPL Financial Holdings Inc. (LPLA) CEO Sells 3,742 Shares of Stock (americanbankingnews.com)
- LPL Financial Holdings Reports October Monthly Activity (seekingalpha.com)
- ETFs with exposure to LPL Financial Holdings, Inc. : November 15, 2017 (finance.yahoo.com)
LPL Financial Holdings (NASDAQ LPLA) traded up $0.24 during midday trading on Monday, reaching $49.54. 313,790 shares of the company traded hands, compared to its average volume of 719,685. LPL Financial Holdings has a 52-week low of $34.01 and a 52-week high of $53.92. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $4,446.37, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.64 and a beta of 1.89.
LPL Financial Holdings (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. LPL Financial Holdings had a net margin of 5.19% and a return on equity of 26.03%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $0.58 earnings per share. LPL Financial Holdings’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts anticipate that LPL Financial Holdings will post 2.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, November 9th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $1.00 annualized dividend and a yield of 2.02%. LPL Financial Holdings’s payout ratio is 42.55%.
Several research firms have issued reports on LPLA. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $51.00 price target (up from $48.00) on shares of LPL Financial Holdings in a research note on Friday, August 18th. Nomura raised their price target on shares of LPL Financial Holdings from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. SunTrust Banks, Inc. upgraded shares of LPL Financial Holdings from a “hold” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $55.00 in a report on Wednesday, August 16th. Finally, ValuEngine lowered shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.20.
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In related news, CEO Dan H. Arnold sold 3,742 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.54, for a total value of $181,636.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.00% of the company’s stock.
About LPL Financial Holdings
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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