LPL Financial: Maintaining Our Fair Value Estimate of $357; Shares Modestly Overvalued
We are maintaining our fair value estimate for LPL Financial of $357. Our fair value estimate correlates to a price/forward adjusted earnings multiple of 20 times and an enterprise value/EBITDA ...
Ameriprise Financial: Strong Asset Growth and Client Cash Revenue Expected Ahead; Valuation Intact
The company’s diversification across wealth management, asset management, and insurance muddies the company’s financials, and investors might discount the company’s valuation because of this.
Tocqueville Asset Management to Acquire $1.3 Billion Poplar Forest Capital
The acquisition complements Tocqueville’s blended client base of institutional and ultrahigh-net-worth retail investors.
Vision Capital Management Inc. Acquires 671 Shares of JPMorgan Chase & Co. (NYSE:JPM)
Vision Capital Management Inc. boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.5% in the fourth quarter, ...