LPL Financial Holdings Inc. (NASDAQ:LPLA) Receives Consensus Recommendation of “Buy” from Analysts


Share on StockTwits

LPL Financial Holdings Inc. (NASDAQ:LPLA) has received a consensus rating of “Buy” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $99.55.

LPLA has been the subject of a number of recent analyst reports. BidaskClub raised shares of LPL Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, December 8th. Citigroup raised their price target on shares of LPL Financial from $111.00 to $118.50 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. ValuEngine raised shares of LPL Financial from a “sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Smith Barney Citigroup lifted their price objective on shares of LPL Financial from $113.50 to $132.50 in a report on Wednesday, November 11th. Finally, Morgan Stanley lifted their price objective on shares of LPL Financial from $104.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, November 19th.

In other news, Director Sallie R. Larsen sold 5,225 shares of the business’s stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $95.00, for a total transaction of $496,375.00. Following the completion of the transaction, the director now owns 22,680 shares of the company’s stock, valued at $2,154,600. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michelle Oroschakoff sold 4,000 shares of the business’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $86.79, for a total transaction of $347,160.00. Following the transaction, the director now directly owns 23,857 shares of the company’s stock, valued at approximately $2,070,549.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,525 shares of company stock valued at $1,418,221. Corporate insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its stake in shares of LPL Financial by 81.3% during the second quarter. US Bancorp DE now owns 2,030 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 910 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of LPL Financial during the third quarter valued at about $203,000. Intersect Capital LLC bought a new stake in shares of LPL Financial during the third quarter valued at about $214,000. Northstar Wealth Partners LLC bought a new stake in shares of LPL Financial during the second quarter valued at about $226,000. Finally, Macquarie Group Ltd. raised its stake in shares of LPL Financial by 52.4% during the second quarter. Macquarie Group Ltd. now owns 3,237 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 1,113 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

LPLA stock opened at $104.22 on Friday. LPL Financial has a twelve month low of $32.01 and a twelve month high of $105.77. The company has a current ratio of 1.30, a quick ratio of 1.31 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $8.26 billion, a P/E ratio of 17.34 and a beta of 1.49. The firm has a 50 day simple moving average of $97.40 and a 200-day simple moving average of $84.14.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.21. LPL Financial had a net margin of 8.50% and a return on equity of 49.27%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned $1.71 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, research analysts predict that LPL Financial will post 6.25 EPS for the current year.

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 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

Featured Story: How to identify percentage decliners

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.