News articles about LPL Financial Holdings (NASDAQ:LPLA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news 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 Holdings earned a news impact score of 0.16 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.7119963969398 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- LPL Financial Holdings Inc. (LPLA) stands 8.09% away from 50 SMA: Technical Watch – Voice Of Analysts (analystsbuzz.com)
- LPL Financial Holdings Inc. (NASDAQ:LPLA) Closed 5.7% Above Its 50 Day Average – Modern Readers (modernreaders.com)
- 4 Reasons That Make LPL Financial Stock a Solid Pick Now – Nasdaq (nasdaq.com)
- Market Scope: Tracking Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) – Jonesboro Recorder (jonesbororecorder.com)
A number of research firms recently weighed in on LPLA. BidaskClub downgraded LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. SunTrust Banks, Inc. restated a “hold” rating and issued a $42.00 price objective on shares of LPL Financial Holdings in a report on Tuesday, July 4th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $48.00 price objective on shares of LPL Financial Holdings in a report on Tuesday, June 6th. Morgan Stanley restated an “underweight” rating and issued a $38.00 price objective (up from $35.00) on shares of LPL Financial Holdings in a report on Monday, July 10th. Finally, Citigroup Inc. increased their price objective on LPL Financial Holdings from $47.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $42.73.
Shares of LPL Financial Holdings (NASDAQ:LPLA) opened at 45.67 on Friday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 19.84 and a beta of 1.84. The firm’s 50-day moving average price is $43.99 and its 200-day moving average price is $41.10. LPL Financial Holdings has a one year low of $26.99 and a one year high of $46.62.
LPL Financial Holdings (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.66 by $0.08. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. LPL Financial Holdings had a net margin of 5.10% and a return on equity of 26.45%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, equities analysts forecast that LPL Financial Holdings will post $2.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, August 8th. LPL Financial Holdings’s dividend payout ratio (DPR) is 43.48%.
In other news, insider William P. Jr. Morrissey sold 32,150 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $39.34, for a total transaction of $1,264,781.00. Following the completion of the transaction, the insider now directly owns 49,691 shares of the company’s stock, valued at $1,954,843.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate 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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