Press coverage about LPL Financial Holdings (NASDAQ:LPLA) has been trending positive this week, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. LPL Financial Holdings earned a media sentiment score of 0.28 on Alpha One’s scale. Alpha One also gave media coverage about the financial services provider an impact score of 77 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Alpha One Sentiment Analysis’s analysis:
- LPL Financial Holdings, Inc. breached its 50 day moving average in a Bearish Manner : LPLA-US : May 18, 2017 (finance.yahoo.com)
- LPL Financial Brings Wall Street Excitement To Its South Carolina Trading Floor With Help From NanoLumens! (svconline.com)
- LPL Financial Holdings Inc (LPLA) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- $1.05 Billion in Sales Expected for LPL Financial Holdings Inc (LPLA) This Quarter (americanbankingnews.com)
- LPL Financial Holdings Inc (LPLA) Seeing Increased Volatility in Session – Pearson Press (pearsonnewspress.com)
A number of equities analysts recently commented on the stock. Citigroup Inc boosted their price objective on shares of LPL Financial Holdings from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. SunTrust Banks, Inc. boosted their price objective on shares of LPL Financial Holdings from $39.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, February 10th. Keefe, Bruyette & Woods set a $44.00 price objective on shares of LPL Financial Holdings and gave the stock a “hold” rating in a research note on Thursday, April 6th. Instinet raised shares of LPL Financial Holdings from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $51.00 in a research note on Friday, April 28th. Finally, Nomura reissued a “hold” rating and issued a $46.00 price objective on shares of LPL Financial Holdings in a research note on Sunday, April 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. LPL Financial Holdings currently has an average rating of “Buy” and a consensus target price of $41.80.
LPL Financial Holdings (NASDAQ:LPLA) traded down 0.45% during trading on Thursday, reaching $39.73. 643,939 shares of the company’s stock traded hands. The company has a market cap of $3.59 billion, a PE ratio of 19.01 and a beta of 1.85. LPL Financial Holdings has a 12-month low of $20.51 and a 12-month high of $43.79. The company has a 50 day moving average price of $40.46 and a 200-day moving average price of $38.79.
LPL Financial Holdings (NASDAQ:LPLA) last released its earnings results on Thursday, April 27th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.30. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. LPL Financial Holdings had a net margin of 4.74% and a return on equity of 25.39%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. On average, equities research analysts forecast that LPL Financial Holdings will post $2.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Monday, May 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, May 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.52%. LPL Financial Holdings’s dividend payout ratio (DPR) is presently 46.95%.
In other LPL Financial Holdings news, insider Tracy Calder sold 6,465 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $39.31, for a total transaction of $254,139.15. Following the sale, the insider now directly owns 34,165 shares in the company, valued at approximately $1,343,026.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Dan H. Arnold sold 15,428 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $39.14, for a total transaction of $603,851.92. Following the sale, the chief executive officer now owns 230,112 shares in the company, valued at $9,006,583.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,268 shares of company stock worth $5,841,633. 5.70% of the stock is owned by company insiders.
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LPL Financial Holdings 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.
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