LPL Financial (LPLA) Given News Sentiment Rating of 0.18
News articles about LPL Financial (NASDAQ:LPLA) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive 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 news headlines about the financial services provider an impact score of 46.5176389468149 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- $0.37 EPS Expected for LPL Financial Holdings Inc (LPLA) This Quarter (americanbankingnews.com)
- Investor Focus on Overbought Signal: LPL Financial Holdings Inc. (LPLA) ,United Therapeutics Corporation (UTHR) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- LPL Financial Holdings Inc. (LPLA) Overcome Concerns on Long-Term Commitments – Stock News Stop (stockmarketstop.com)
- Robbins Arroyo LLP Announces That Investors of LPL Financial Holdings Inc. (LPLA) Filed an Amended Complaint – Business Wire (press release) (businesswire.com)
- LPL Financial (LPLA) Lifted to Strong-Buy at Zacks Investment Research (americanbankingnews.com)
Shares of LPL Financial (NASDAQ LPLA) traded up $0.61 during trading on Monday, reaching $60.33. The company had a trading volume of 920,459 shares, compared to its average volume of 821,720. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $5,420.00, a price-to-earnings ratio of 25.56, a P/E/G ratio of 1.36 and a beta of 1.88. LPL Financial has a 1 year low of $36.72 and a 1 year high of $60.59.
LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. LPL Financial had a return on equity of 26.03% and a net margin of 5.19%. LPL Financial’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 earnings per share. equities analysts anticipate that LPL Financial will post 2.27 EPS for the current year.
LPL Financial announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 5th that permits the company to repurchase $359.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
LPLA has been the topic of several recent analyst reports. Zacks Investment Research upgraded LPL Financial from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, October 26th. Wells Fargo & Co reiterated a “market perform” rating and issued a $60.00 price target (up previously from $52.00) on shares of LPL Financial in a research note on Thursday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $66.00 price target on shares of LPL Financial in a research note on Friday, December 22nd. ValuEngine cut LPL Financial from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Finally, Citigroup boosted their price target on LPL Financial from $60.50 to $65.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $57.50.
In related news, CEO Dan H. Arnold sold 3,742 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.54, for a total value of $181,636.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.00% of the stock is owned by insiders.
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About LPL Financial
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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