Analysts Set LPL Financial Holdings Inc (NASDAQ:LPLA) PT at $92.45

Share on StockTwits

LPL Financial Holdings Inc (NASDAQ:LPLA) has received an average rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $92.45.

Several brokerages recently issued reports on LPLA. Citigroup lifted their target price on LPL Financial from $105.00 to $110.00 and gave the company a “sell” rating in a research note on Friday, November 15th. Morgan Stanley decreased their target price on LPL Financial from $90.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Monday, October 14th. Credit Suisse Group reduced their price objective on LPL Financial from $110.00 to $98.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 1st. Zacks Investment Research raised LPL Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Wolfe Research set a $110.00 price objective on LPL Financial and gave the stock a “buy” rating in a research note on Friday, October 25th.

Shares of LPLA opened at $92.35 on Friday. The business’s 50 day moving average is $84.23 and its 200 day moving average is $81.42. The company has a market capitalization of $7.46 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. LPL Financial has a 12-month low of $56.20 and a 12-month high of $92.87. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.56.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.10. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. LPL Financial had a return on equity of 59.56% and a net margin of 10.07%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.19 EPS. Equities research analysts predict that LPL Financial will post 7.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Wednesday, November 6th. LPL Financial’s payout ratio is 18.76%.

In other news, Director Tracy Calder sold 13,181 shares of LPL Financial stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $91.60, for a total value of $1,207,379.60. Following the completion of the transaction, the director now owns 8,089 shares in the company, valued at approximately $740,952.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George Burton White sold 51,140 shares of LPL Financial stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $86.34, for a total value of $4,415,427.60. Following the completion of the transaction, the director now owns 40,809 shares of the company’s stock, valued at approximately $3,523,449.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,600 shares of company stock worth $12,483,871. Corporate insiders own 2.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. JS Capital Management LLC purchased a new position in shares of LPL Financial in the 3rd quarter worth approximately $416,000. Point72 Asset Management L.P. purchased a new position in shares of LPL Financial in the 3rd quarter worth approximately $11,694,000. Redwood Investment Management LLC boosted its holdings in shares of LPL Financial by 36.8% in the 3rd quarter. Redwood Investment Management LLC now owns 10,870 shares of the financial services provider’s stock worth $890,000 after purchasing an additional 2,926 shares during the period. Voya Investment Management LLC boosted its holdings in shares of LPL Financial by 49.1% in the 3rd quarter. Voya Investment Management LLC now owns 1,295,396 shares of the financial services provider’s stock worth $106,094,000 after purchasing an additional 426,793 shares during the period. Finally, Eqis Capital Management Inc. boosted its holdings in shares of LPL Financial by 24.7% in the 3rd quarter. Eqis Capital Management Inc. now owns 6,323 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 1,252 shares during the period. Hedge funds and other institutional investors own 93.76% of the company’s stock.

LPL Financial Company Profile

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

Read More: Bull Market

Analyst Recommendations for LPL Financial (NASDAQ:LPLA)

Receive News & Ratings for LPL Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LPL Financial and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.