News coverage about LPL Financial (NASDAQ:LPLA) has been trending positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news 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 media sentiment score of 0.28 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.8832727224576 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

LPL Financial (NASDAQ:LPLA) traded down $0.21 on Wednesday, reaching $64.78. 206,813 shares of the company’s stock traded hands, compared to its average volume of 932,462. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 2.47. LPL Financial has a 12 month low of $37.38 and a 12 month high of $66.64. The stock has a market capitalization of $5,893.20, a P/E ratio of 25.19, a P/E/G ratio of 1.16 and a beta of 1.59.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.52. LPL Financial had a net margin of 5.58% and a return on equity of 29.42%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. equities research analysts anticipate that LPL Financial will post 3.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.00 annualized dividend and a yield of 1.54%. LPL Financial’s dividend payout ratio is currently 38.76%.

LPL Financial announced that its board has initiated a stock repurchase program on Tuesday, December 5th that allows the company to buyback $359.00 million in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Several brokerages recently commented on LPLA. Zacks Investment Research lowered shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Nomura upped their price target on shares of LPL Financial from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley upped their price target on shares of LPL Financial from $62.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Credit Suisse Group upped their price target on shares of LPL Financial from $77.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $75.00 price target on shares of LPL Financial in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $68.36.

In other news, Director Marco Hellman sold 1,150,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $62.12, for a total value of $71,438,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William P. Jr. Morrissey sold 20,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $62.74, for a total transaction of $1,254,800.00. Following the completion of the transaction, the director now owns 37,541 shares of the company’s stock, valued at $2,355,322.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,443,037 shares of company stock valued at $90,586,339. 4.00% of the stock is owned by 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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