LPLA Stock Gains Attention in the Media

LPLA investors were likely spooked this afternoon by Barrons's report: "Ameriprise Financial Wins TRO in LPL Client-Solicitation Dispute ..." For more coverage, read the full article here. On the back of this news, LPL Financial sank -1.2% to a price of $276.15. Are the markets overreacting?

LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. The company belongs to the Finance sector, which has an average price to earnings (P/E) ratio of 15.89 and an average price to book (P/B) ratio of 1.76. In contrast, LPL Financial has a trailing 12 month P/E ratio of 20.8 and a P/B ratio of 9.09.

LPL Financial has moved 24.3% over the last year compared to 25.9% for the S&P 500 -- a difference of -1.6%. LPL Financial has a 52 week high of $289.88 and a 52 week low of $200.18. At today's price of $276.15 per share, LPL Financial is -9.33% away from its target price of $304.58, and on average, analysts give the stock a rating of buy. 0.9% of the company's shares are linked to short positions, and 98.2% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.