Today it was reported that the Managing Director of LPL Financial (LPLA), Thomas Gooley, exercised options to sell 43,440 LPLA shares at $35.95 a share, for a total transaction value of $3.25M.
Following Thomas Gooley’s last LPLA Sell transaction on December 14, 2018, the stock climbed by 17.6%.
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Based on LPL Financial’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.32 billion and quarterly net profit of $120 million. In comparison, last year the company earned revenue of $1.12 billion and had a net profit of $64.1 million. LPLA’s market cap is $6.55B and the company has a P/E ratio of 15.78. Currently, LPL Financial has an average volume of 954.3K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $84.00, reflecting a 9.5% upside.
The insider sentiment on LPL Financial has been negative according to 92 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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LPL Financial Holdings, Inc. engages in the provision of technology, brokerage, and investment advisory services. It provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors in financial institutions. The company was founded in 1989 and is headquartered in Boston, MA.
