LPL Financial Holdings Director James S. Putnam Unloads 30,000 Shares (LPLA)
LPL Financial Holdings (NASDAQ:LPLA) Director James S. Putnam unloaded 30,000 shares of LPL Financial Holdings stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $50.00, for a total value of $1,500,000.00. Following the completion of the sale, the director now directly owns 104,280 shares of the company’s stock, valued at approximately $5,214,000. The transaction was disclosed in a filing with the SEC, which is available at this link.
LPL Financial Holdings (NASDAQ:LPLA) last released its 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.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of LPL Financial Holdings from a “neutral” rating to an “overweight” rating in a research note to investors on Monday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. LPL Financial Holdings has an average rating of “Hold” and a consensus target price of $45.43.
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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