|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||52.77 - 53.67|
|52 Week Range||30.77 - 53.92|
|PE Ratio (TTM)||22.97|
|Forward Dividend & Yield||1.00 (1.87%)|
|1y Target Est||N/A|
Companies are preparing for a future without a crucial lending benchmark, adding language to their leveraged loan documents that allow them to choose an alternative rate, sometimes without input from lenders. JDA Software, Surgery Partners and LPL Financial are among companies that have recently added such language. The US$938bn US leveraged loan market is seeking to build in flexibility following comments in July by Andrew Bailey, chief executive officer of the UK’s Financial Conduct Authority, that a substitute for the London interbank offered rate (Libor) must be in place by the end of 2021.
LPL Financial (LPLA) reprices its existing senior secured credit facilities. The company will record an expense of $10 million with respect to debt issuance.
LPL Financial (LPLA) recorded an increase in monthly activity for August, reflecting continued improvement in its top line in the quarters ahead.
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing LPL Financial Holdings, Inc. with the following peers – Raymond James Financial, Inc., TD Ameritrade Holding Corporation, Charles Schwab Corporation, Stifel Financial Corp., Nomura Holdings, Inc. Sponsored ADR, T. Rowe Price Group, Ladenburg Thalmann Financial Services Inc., E*TRADE Financial Corporation, Morgan Stanley and Schroders PLC ... Read more (Read more...)
Goldman Sachs Group (GS) to expand with digitization, in a bid to counter revenue headwinds amid unstable economic environment globally.
PNC Financial Services Group (PNC) appears to be a promising bet riding on strong organic growth, expense management and long-term growth opportunities.
MetLife is taking a hatchet to compensation on annuities sold by former advisors who went to other broker-dealers in the wake of MetLife’s sale of its Premier Client Group to Massachusetts Mutual Life Insurance, InvestmentNews reports. The publication cites a memo LPL Financial sent last week to its advisors who previously worked in MetLife’s Premier Client Group.
Shares of LPL Financial Holdings (LPLA) have pulled back from the 52-week high recorded last month after the financial advisory firm announced plans to acquire National Planning Holdings from Jackson National Life Insurance. JMP’s Devin Ryan says this is a “meaningful deal” for LPL, but cautions that the financial merits will depend on a smoothly executed transition. Furthermore, we estimate that the noted $100 million of broker retention LPL has targeted for the transaction represents an estimated ~12% of trailing production, whereas we believe some competitors are currently paying 20%, or more, of trailing production for desired FAs.
Short interest is extremely low for LPLA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting LPLA. The net inflows of $1.01 billion over the last one-month into ETFs that hold LPLA are among the lowest of the last year and appear to be slowing.
Texas Capital Bancshares (TCBI) appears to be a promising bet, riding on strong fundamentals and long-term growth opportunities.
Short interest is extremely low for LPLA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting LPLA. The net inflows of $1.05 billion over the last one-month into ETFs that hold LPLA are among the lowest of the last year and appear to be slowing.
Synovus Financial Corporation (SNV) is one such stock in the banking sector that reflects strong fundamentals and solid long-term growth opportunities.
T. Rowe Price's (TROW) forte lies in revenue growth, debt-free position and strong capital deployment activities. However, escalating expenses remain a key headwind.
Zacks.com featured highlights: AppFolio, FormFactor, LPL Financial Holdings and TriNet Group