News coverage about LPL Financial (NASDAQ:LPLA) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. LPL Financial earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.4739836202559 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- $1.12 Billion in Sales Expected for LPL Financial Holdings Inc (LPLA) This Quarter (americanbankingnews.com)
- Why Charles Schwab’s Net Revenues Rose (finance.yahoo.com)
- How Tax Reform Could Impact Charles Schwab (finance.yahoo.com)
- $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 (NASDAQ:LPLA) traded up $0.37 during trading on Friday, reaching $61.19. The company’s stock had a trading volume of 664,615 shares, compared to its average volume of 818,911. LPL Financial has a 52 week low of $36.72 and a 52 week high of $61.95. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.54. The firm has a market cap of $5,520.00, a PE ratio of 25.93, a price-to-earnings-growth ratio of 1.36 and a beta of 1.88.
LPL Financial announced that its board has authorized a share repurchase program on Tuesday, December 5th that authorizes the company to buyback $359.00 million in shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Several equities research analysts recently issued reports on LPLA shares. Zacks Investment Research downgraded LPL Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Morgan Stanley upgraded LPL Financial from an “underweight” rating to an “equal weight” rating and set a $42.00 price target on the stock in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $66.00 price objective on shares of LPL Financial in a report on Friday, December 22nd. SunTrust Banks reissued a “buy” rating and issued a $65.00 target price on shares of LPL Financial in a research report on Friday, October 27th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $60.00 target price (up from $52.00) on shares of LPL Financial in a research report on Thursday, January 4th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. LPL Financial currently has an average rating of “Buy” and a consensus target price of $57.50.
In other news, CEO Dan H. Arnold sold 3,742 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $48.54, for a total transaction of $181,636.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.00% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “LPL Financial (LPLA) Getting Somewhat Favorable Media Coverage, Study Shows” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.com-unik.info/2018/01/12/lpl-financial-lpla-getting-somewhat-favorable-media-coverage-study-shows.html.
LPL Financial 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.
Receive News & Ratings for LPL Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LPL Financial and related companies with MarketBeat.com's FREE daily email newsletter.