Ladenburg Thalmann Financial Services (LTS) was Reiterated by Barrington Research to “Outperform” while Lowering the Price Target of the company shares to $ 4 from a previous price target of $5 . Barrington Research advised their investors in a research report released on May 10, 2016.
Ladenburg Thalmann Financial Services opened for trading at $2.39 and hit $2.43 on the upside on Friday, eventually ending the session at $2.39, with a gain of 0.84% or 0.02 points. The heightened volatility saw the trading volume jump to 1,61,225 shares. Company has a market cap of $439 M.
In a different news, on Apr 4, 2016, Joseph Giovanniello (Senior Vice President) purchased 7,578 shares at $2.38 per share price. According to the SEC, on Jan 15, 2016, Richard M Krasno (director) purchased 5,000 shares at $2.22 per share price. On Jan 15, 2016, Richard Lampen (CEO) purchased 5,000 shares at $2.24 per share price, according to the Form-4 filing with the securities and exchange commission.
Ladenburg Thalmann Financial Services Inc. is a financial services company. The Company through its principal subsidiaries provides independent brokerage and advisory services investment banking equity research institutional sales and trading asset management services wholesale life insurance brokerage and trust services. The company has three segments: the independent brokerage and advisory services segment the Ladenburg segment and the insurance brokerage segment. Its independent brokerage and advisory services segment offers broker-dealer and investment advisory services and wealth management services. Its Ladenburg segment offers investment banking sales and trading and asset management services and investment activities. The Company’s insurance brokerage segment includes the wholesale insurance brokerage activities which delivers life insurance fixed and equity indexed annuities and long-term care solutions to investment and insurance providers.