News articles about LPL Financial Holdings (NASDAQ:LPLA) have been trending positive this week, according to Alpha One Sentiment. Alpha One, a division of Accern, identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LPL Financial Holdings earned a daily sentiment score of 0.42 on Alpha One’s scale. Alpha One also assigned news articles about the financial services provider an impact score of 45 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Alpha One’s rankings:
- LPL Financial : Research Publishes Investment Midyear Outlook 2017 (4-traders.com)
- Where do the Charts Say LPL Financial Holdings Inc (LPLA) is Headed? – Hayden Business Journal (haydenbusinessjournal.com)
- LPL Financial and Independent Advisor Alliance Welcome Socratic Wealth Advisors – GlobeNewswire (press release) (globenewswire.com)
- LPL Research Publishes Investment Midyear Outlook 2017 (finance.yahoo.com)
A number of research firms have weighed in on LPLA. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $48.00 target price on shares of LPL Financial Holdings in a report on Tuesday, June 6th. Nomura upgraded LPL Financial Holdings from a “neutral” rating to a “buy” rating and upped their target price for the stock from $46.00 to $51.00 in a report on Friday, April 28th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $42.00 target price on shares of LPL Financial Holdings in a report on Thursday, April 6th. Zacks Investment Research downgraded LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Citigroup Inc. upgraded LPL Financial Holdings from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. LPL Financial Holdings presently has an average rating of “Buy” and a consensus target price of $41.80.
LPL Financial Holdings (LPLA) traded down 0.67% during mid-day trading on Friday, hitting $41.42. The company had a trading volume of 703,315 shares. The company has a 50 day moving average of $41.16 and a 200 day moving average of $39.34. LPL Financial Holdings has a 1-year low of $20.51 and a 1-year high of $43.79. The firm has a market capitalization of $3.75 billion, a PE ratio of 19.82 and a beta of 1.82.
LPL Financial Holdings (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.30. LPL Financial Holdings had a net margin of 4.65% and a return on equity of 25.04%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $0.56 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts predict that LPL Financial Holdings will post $2.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Monday, May 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.41%. The ex-dividend date was Thursday, May 11th. LPL Financial Holdings’s dividend payout ratio is currently 47.85%.
In other LPL Financial Holdings news, insider William P. Jr. Morrissey sold 32,150 shares of LPL Financial Holdings stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $39.34, for a total value of $1,264,781.00. Following the transaction, the insider now directly owns 49,691 shares of the company’s stock, valued at $1,954,843.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is currently owned by insiders.
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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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