Goldman Sachs Resumes LPL Investment (LPLA) at Neutral

Goldman Sachs resumes coverage on LPL Investment (NASDAQ: LPLA) with a Neutral. PT $36.00.

With 13,000 independent Financial Advisors, Goldman sees the company as a structural leader in Wealth Management. With 63% of revenues coming from recurring sources, the model is less susceptible to activity-related challenges, they also said. The recently-introduced $0.48/year dividend illustrates the strong balance sheet, with opportunities for additional hikes.

With all this said, however, near-term outlook remains somewhat choppy, and higher incentive related payouts to brokers may stress GDC margin in the near term.

For an analyst ratings summary and ratings history on LPL Investment click here. For more ratings news on LPL Investment click here.

Shares of LPL Investment closed at $33.44 yesterday.

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