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Ladenburg Thalmann Financial Services Inc. (LTS)

- NYSEMKT
  • Sep. 23, 2014, 11:02 AM
    • Ladenburg Thalman (LTS +1.4%) yesterday announced an agreement to purchase Knoxville-based Securities Service Network for $45M - $25M in cash and $20M of four-year notes.
    • Founded in 1983, SSN has about 450 financial advisors and roughly $13B in client assets. The business had revenue of $115M for the year ended June 30.
    • Following this deal and two other pending purchases, Ladenburg's network of brokerages will have about 4K financial advisors, $125B in client assets, and revenues of $1.1B.
    • Barrington boosts its price target on the Outperform-rated name to $5 from $4.25, noting the fast pace of acquisitions this year.
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  • Aug. 11, 2014, 10:13 AM
    • In news released alongside its quarterly results, Ladenburg Thalman (LTS +4.8%) agrees to the purchase of KMS Financial, a Seattle-based broker with about 325 financial advisors, $14B in client assets, and $84M in revenue.
    • LTS will pay about $24M - $11M in cash, $8M in 4-year notes, and 1.44M shares of common stock.
    • Upon closing of this and other pending deals, Ladenburg will have about $110B in client assets, 3.5K advisors, and $1B of annual revenues.
    • Source: Press Release
    • Previously: Ladenburg Thalman in high cotton
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  • Dec. 19, 2013, 12:45 PM
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  • Dec. 6, 2013, 5:45 PM
    • Top Gainers, as of 5:15 p.m.: [IDIX[]] +6.7%.[UQM[]] +6.6% PFPT +5.1%. RSYS +4.6%. CBR +4.3%.
    • Top Loser, as of 5:15 p.m.: LTS -6.3%. MGAM -5.7% MFRM -5.1%. FLO -4.8%. OME -4.2%.
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  • Oct. 22, 2013, 5:50 PM
    • Top gainers, as of 5:15 p.m.: GLW +20.5%. APOL +13.4%. LTS +8.2%. FOXF +4.5%. FOLD +3.5%.
    • Top losers, as of 5:15 p.m.: UIS -16.6%. CREE -13.4%. RFMD -7.3%. IRBT -7.1%. FTI -6.5%.
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Company Description
Ladenburg Thalmann Financial Services Inc,through its subsidiaries,is engaged in independent brokerage and advisory services, investment banking, equity research, institutional sales and trading, asset management services and trust services.