The stock of Ladenburg Thalmann Financial Services (NYSEMKT:LTS) is a huge mover today! The stock increased 5.00% or $0.11 during the last trading session, hitting $2.31. About 210,899 shares traded hands or 37.46% up from the average. Ladenburg Thalmann Financial Services (NYSEMKT:LTS) has declined 4.76% since February 26, 2016 and is downtrending. It has underperformed by 15.19% the S&P500.
The move comes after 6 months positive chart setup for the $419.77M company. It was reported on Oct, 1 by Barchart.com. We have $5.75 PT which if reached, will make NYSEMKT:LTS worth $625.46M more.
Analysts await Ladenburg Thalmann Financial Services (NYSEMKT:LTS) to report earnings on November, 4. They expect $-0.05 EPS, up 16.67% or $0.01 from last year’s $-0.06 per share. After $-0.05 actual EPS reported by Ladenburg Thalmann Financial Services for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “Ladenburg Thalmann Financial Services is a holding company engaged in the retail and institutional securities brokerage business and, through its subsidiary GBI Capital Partners, Inc.(formerly Gaines, Berland, Inc., provide investment banking and research services.”
More news for Ladenburg Thalmann Financial Services (NYSEMKT:LTS) were recently published by: Businesswire.com, which released: “Securities America Acquires Assets of Wall Street Financial Group” on September 26, 2016. Finance.Yahoo.com‘s article titled: “Securities America to Host 19th Annual Conference for Advisor Assistants” and published on September 28, 2016 is yet another important article.
LTS Company Profile
Ladenburg Thalmann Financial Services Inc., incorporated on February 5, 1996, is a financial services firm engaged in independent brokerage and advisory services, investment banking, equity research, institutional sales and trading, asset management services, wholesale life insurance brokerage and trust services through its principal subsidiaries. The Company’s principal subsidiaries include Securities America, Inc. (Securities America), Triad Advisors, Inc. (Triad), Securities Service Network, Inc. (SSN), Investacorp, Inc. (Investacorp), KMS Financial Services, Inc. (KMS), Ladenburg Thalmann & Co. Inc. (Ladenburg), Ladenburg Thalmann Asset Management Inc. (LTAM), Highland Capital Brokerage, Inc. (Highland) and Premier Trust, Inc. (Premier Trust). The Firm operates through three divisions: the independent brokerage and advisory services segment, the Ladenburg segment and the insurance brokerage segment.
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