LPL Financial (LPLA) Receives News Impact Score of 0.19

Media headlines about LPL Financial (NASDAQ:LPLA) have trended somewhat positive on Thursday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. LPL Financial earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.5516092039405 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

A number of research analysts have commented on the stock. Wells Fargo & Co reiterated a “market perform” rating and set a $60.00 price target (up from $52.00) on shares of LPL Financial in a research report on Thursday. Morgan Stanley upgraded shares of LPL Financial from an “underweight” rating to an “equal weight” rating and set a $42.00 price target on the stock in a research report on Wednesday. Zacks Investment Research cut shares of LPL Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $66.00 price target on shares of LPL Financial in a research report on Friday, December 22nd. Finally, Credit Suisse Group assumed coverage on shares of LPL Financial in a research report on Thursday, November 30th. They set an “outperform” rating and a $68.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. LPL Financial has an average rating of “Buy” and a consensus price target of $56.83.

Shares of LPL Financial (LPLA) traded up $0.33 during midday trading on Thursday, reaching $58.78. 1,020,000 shares of the company’s stock were exchanged, compared to its average volume of 601,510. LPL Financial has a twelve month low of $35.78 and a twelve month high of $59.84. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $5,300.00, a PE ratio of 24.91, a P/E/G ratio of 1.41 and a beta of 1.88.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. LPL Financial had a net margin of 5.19% and a return on equity of 26.03%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $0.58 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. sell-side analysts forecast that LPL Financial will post 2.31 earnings per share for the current year.

LPL Financial declared that its Board of Directors has initiated a stock repurchase program on Tuesday, December 5th that permits the company to repurchase $359.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In other news, CEO Dan H. Arnold sold 3,742 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.54, for a total value of $181,636.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.00% of the stock is currently owned by company 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.

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

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