LPL Financial Holdings Director James Putnam Unloads 30,000 Shares (LPLA)
LPL Financial Holdings (NASDAQ:LPLA) Director James Putnam unloaded 30,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $48.00, for a total value of $1,440,000.00. Following the completion of the transaction, the director now directly owns 134,280 shares in the company, valued at approximately $6,445,440. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on LPLA. Analysts at Nomura initiated coverage on shares of LPL Financial Holdings in a research note to investors on Thursday. They set a “buy” rating and a $59.00 price target on the stock. Separately, analysts at Zacks downgraded shares of LPL Financial Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 2nd. They now have a $45.00 price target on the stock. Finally, analysts at S&P Equity Research downgraded shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $45.63.
Shares of LPL Financial Holdings (NASDAQ:LPLA) traded up 2.86% on Thursday, hitting $50.34. 1,029,053 shares of the company’s stock traded hands. LPL Financial Holdings has a 52 week low of $29.22 and a 52 week high of $49.09. The stock has a 50-day moving average of $44.8 and a 200-day moving average of $40.29. The company has a market cap of $5.249 billion and a P/E ratio of 29.84.
LPL Financial Holdings (NASDAQ:LPLA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Analysts expect that LPL Financial Holdings will post $2.39 EPS for the current fiscal year.
LPL Financial Holdings Inc, formerly LPL Investment Holdings Inc, is a holding company. The Company provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions (NASDAQ:LPLA) in the United States of America.
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