LPL Financial (LPLA) Getting Somewhat Favorable Media Coverage, Study Shows

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:

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 (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. LPL Financial had a return on equity of 25.44% and a net margin of 5.46%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. equities analysts predict that LPL Financial will post 2.27 EPS for the current year.

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.

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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.

Insider Buying and Selling by Quarter for LPL Financial (NASDAQ:LPLA)

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