Media stories about LPL Financial (NASDAQ:LPLA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores 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 -1 to 1, with scores nearest to one being the most favorable. LPL Financial earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.5003809838642 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Four New Advisors Join Financial Advocates in the First Quarter (money.ca)
- LPL Financial (LPLA) Earns Outperform Rating from Analysts at Sanford C. Bernstein (americanbankingnews.com)
- Financial Survey: LPL Financial (LPLA) vs. Nasdaq (NDAQ) (americanbankingnews.com)
- LPL Financial Holdings Inc (LPLA) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- LPL Financial (LPLA) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
Several equities analysts have recently weighed in on the company. BidaskClub upgraded LPL Financial from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded LPL Financial from a “hold” rating to a “strong-buy” rating and set a $68.00 price target for the company in a research report on Friday, January 5th. Sanford C. Bernstein assumed coverage on LPL Financial in a research report on Monday. They issued an “outperform” rating and a $75.00 price target for the company. ValuEngine cut LPL Financial from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Finally, Morgan Stanley upgraded LPL Financial from an “underweight” rating to an “equal weight” rating and set a $42.00 price target for the company in a research report on Wednesday, January 3rd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. LPL Financial has a consensus rating of “Buy” and an average price target of $70.91.
LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, February 1st. The financial services provider reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.52. LPL Financial had a return on equity of 29.42% and a net margin of 5.58%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. equities research analysts predict that LPL Financial will post 3.86 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.74%. The ex-dividend date was Thursday, March 8th. LPL Financial’s payout ratio is 33.33%.
In related news, Director Marco Hellman sold 207,734 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $66.17, for a total transaction of $13,745,758.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Andrew Kalbaugh sold 10,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $62.61, for a total value of $626,100.00. Following the transaction, the insider now owns 38,050 shares of the company’s stock, valued at $2,382,310.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,469,435 shares of company stock valued at $92,312,374. 2.60% of the stock is owned by company insiders.
LPL Financial Company Profile
LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.
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