Raymond James initiated coverage of LPL Financial with a rating of Underperform
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/30/2024 | $268.00 | Neutral → Buy | BofA Securities |
| 4/9/2024 | $254.00 → $315.00 | Equal-Weight → Overweight | Morgan Stanley |
| 4/4/2024 | Underperform | Raymond James | |
| 1/4/2024 | $224.00 | Market Perform | TD Cowen |
| 12/1/2023 | $240.00 | Neutral | Redburn Atlantic |
| 9/7/2023 | $275.00 | Overweight | Barclays |
| 4/3/2023 | $245.00 → $205.00 | Outperform → Neutral | Credit Suisse |
| 11/30/2022 | $281.00 → $239.00 | Overweight → Equal-Weight | Morgan Stanley |
Rarely Has a Hybrid RIA Made Its Proprietary Portfolio Strategies Available to Other RIAs/FAs LOS ANGELES, Sept. 5, 2024 /PRNewswire/ -- AWAIM® announces that its four (4) total portfolio strategies – from Low Growth to Aggressive Growth – are now available to LPL Financial's Hybrid RIA and Independent RIA Networks. Financial advisors at these firms may access the ACGM Total Portfolio Solutions Suite™ via its participation within the LPL Financial Manager Access Network (MAN) – managers and strategies of separately managed accounts. "We're very eager to share our proprietary p
SAN DIEGO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (NASDAQ:LPLA) ("LPL Financial" or "LPL") today announced that the firm has entered into a definitive agreement to acquire The Investment Center, Inc., ("The Investment Center") a broker-dealer and registered investment adviser based in Bedminster, N.J. "The Investment Center fosters an entrepreneurial approach that has driven their success in reaching nearly $9 billion in assets," said Rich Steinmeier, managing director and chief growth officer at LPL Financial. "By bringing The Investment Center's 240 high-performing advisors to LPL, we look forward to serving their thriving businesses and providing them our industry-leading
SAN DIEGO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leader in the wealth management industry, announces the appointment of Tom Gannon as executive vice president and chief advocacy officer. Gannon, who brings more than 25 years of extensive experience in government relations across various financial services companies to LPL, will report to Althea Brown, chief legal officer, and will oversee an established team of policy analysts and lobbyists. In his new role, Gannon will spearhead LPL's government relations efforts at federal, state and local levels and lead the firm's political action committee (PAC) and the LPL 50 State Advocacy Network. He will work closely with policy
10-Q - LPL Financial Holdings Inc. (0001397911) (Filer)
8-K - LPL Financial Holdings Inc. (0001397911) (Filer)
8-K - LPL Financial Holdings Inc. (0001397911) (Filer)
SC 13G/A - LPL Financial Holdings Inc. (0001397911) (Subject)
SC 13G/A - LPL Financial Holdings Inc. (0001397911) (Subject)
SC 13G/A - LPL Financial Holdings Inc. (0001397911) (Subject)
SAN DIEGO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leader in the wealth management industry, announces the appointment of Tom Gannon as executive vice president and chief advocacy officer. Gannon, who brings more than 25 years of extensive experience in government relations across various financial services companies to LPL, will report to Althea Brown, chief legal officer, and will oversee an established team of policy analysts and lobbyists. In his new role, Gannon will spearhead LPL's government relations efforts at federal, state and local levels and lead the firm's political action committee (PAC) and the LPL 50 State Advocacy Network. He will work closely with policy
SAN DIEGO, July 16, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced the addition of Sushil "Sid" Vyas as Executive Vice President and Chief Technology Officer of Infrastructure and Operations. In his role, Vyas will oversee the stability and reliability of LPL's operating platforms. He reports to Greg Gates, Managing Director, Chief Technology and Information Officer, and is based at LPL's Fort Mill campus in South Carolina. Vyas joins LPL from Mizuho Americas where he most recently served as chief technology officer of Mizuho America Services. He brings more than 25 years of experience in successfully leading and transforming technology organizations within large financial ins
SAN DIEGO, June 27, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors of First Summit Capital Management have joined LPL Financial's broker-dealer, RIA and custodial platforms, aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisors. The First Summit advisors reported having served approximately $380 million in advisory, brokerage and retirement plan assets* and join LPL from PNC Investments. First Summit Capital Management in Wilmington, Del., is led by principal owner and Managing Partner Thomas J. Cooney, a seasoned financial services veteran with 32 years of industry experience. He previously owned a successful company
LPL Finl Hldgs (NASDAQ:LPLA) has outperformed the market over the past 10 years by 5.3% on an annualized basis producing an average annual return of 16.22%. Currently, LPL Finl Hldgs has a market capitalization of $16.64 billion. Buying $1000 In LPLA: If an investor had bought $1000 of LPLA stock 10 years ago, it would be worth $4,531.30 today based on a price of $222.72 for LPLA at the time of writing. LPL Finl Hldgs's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated c
These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio? LPL Financial Holdings Inc. (NASDAQ:LPLA) shares tumbled 20.16%. The company announced that financial advisor Alex Williams, CFP, has joined its broker-dealer, RIA, and custodial platforms to launch a new independent practice, Stable Wealth. Advanced Micro Devices (NASDAQ:AMD) stock decreased 17.82%. Shares of semiconductor and hardware stocks are trading lower amid a selloff in the sector, which has gained this year amid AI momentum. Domino’s Pizza Inc (NYSE:DPZ) stock dived 17.78% after the company reported mixed Q2 results. Several analysts cut the price target on the stock.
The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies. ` The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Charles Schwab Corporation (NYSE:SCHW) On July 16, Charles Schwab reported second-quarter 2024 results. Adjusted net income
Key Financial Results Net Income was $244 million, translating to diluted earnings per share ("EPS") of $3.23, down 12% from a year agoAdjusted EPS* decreased 2% year-over-year to $3.88 Gross profit* increased 9% year-over-year to $1,079 millionCore G&A* increased 10% year-over-year to $371 millionAdjusted EBITDA* increased 2% year-over-year to $533 million Key Business Results Total advisory and brokerage assets increased 21% year-over-year to $1.5 trillion Advisory assets increased 25% year-over-year to $829 billionAdvisory assets as a percentage of total assets increased to 55.4%, up from 53.3% a year ago Total organic net new assets were $29 billion, representing 8% annualized growth
SAN DIEGO, July 03, 2024 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ:LPLA) (the "Company"), the parent corporation of LPL Financial LLC, announced today it will report second quarter financial results after the market closes on July 25. The Company will host a conference call to discuss its results at 5 p.m. ET the same day. The conference call will be accessible and available for replay at investor.lpl.com/events. Contacts Investor [email protected] Media [email protected] About LPL Financial LPL Financial Holdings Inc. (NASDAQ:LPLA) was founded on the principle that LPL should work for advisors and institutions, and not
Key Financial Results Net Income was $289 million, translating to diluted earnings per share ("EPS") of $3.83, down 10% from a year agoAdjusted EPS* decreased 6% year-over-year to $4.21 Gross profit* increased 5% year-over-year to $1,066 millionCore G&A* increased 11% year-over-year to $364 millionAdjusted EBITDA* decreased 5% year-over-year to $541 million Key Business Results Total advisory and brokerage assets increased 23% year-over-year to $1.44 trillion Advisory assets increased 28% year-over-year to $793 billionAdvisory assets as a percentage of total assets increased to 55.0%, up from 52.8% a year ago Total organic net new assets were $17 billion, representing 5
BofA Securities upgraded LPL Financial from Neutral to Buy and set a new price target of $268.00
Morgan Stanley upgraded LPL Financial from Equal-Weight to Overweight and set a new price target of $315.00 from $254.00 previously
Raymond James initiated coverage of LPL Financial with a rating of Underperform
4 - LPL Financial Holdings Inc. (0001397911) (Issuer)
4 - LPL Financial Holdings Inc. (0001397911) (Issuer)
4 - LPL Financial Holdings Inc. (0001397911) (Issuer)