LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock Has Average Price Target of $403.79 According to Analysts

Key Points

• Analysts maintain a moderately bullish outlook: LPL Financial has a “Moderate Buy” consensus from 17 analysts, with 13 buy ratings and four holds. The average 12-month price target is $403.79.
• Recent results exceeded expectations: LPL reported quarterly EPS of $5.84 versus the $5.39 consensus estimate, while revenue rose 35.2% year over year to $5.19 billion.
• Shares opened at $316.44, below the analyst consensus target and their 50-day moving average of $347.04. Insiders sold 5,867 shares worth about $2.08 million over the past 90 days, while institutional investors own 95.66% of the stock.

Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seventeen analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $403.79.

A number of equities analysts have weighed in on LPLA shares. Wolfe Research reaffirmed an "outperform" rating and set a $454.00 price target on shares of LPL Financial in a research note on Wednesday, August 12th. Wells Fargo & Company started coverage on LPL Financial in a report on Thursday. They set an "overweight" rating and a $362.00 price objective for the company. UBS Group cut their target price on LPL Financial from $395.00 to $391.00 and set a "buy" rating on the stock in a research report on Wednesday, July 8th. Truist Financial started coverage on LPL Financial in a report on Tuesday, September 1st. They issued a "hold" rating and a $389.00 target price on the stock. Finally, Morgan Stanley boosted their price target on LPL Financial from $374.00 to $387.00 and gave the company an "overweight" rating in a research report on Friday, July 10th.

Insider Buying and Selling at LPL Financial

In other news, Director Aneri Jambusaria sold 308 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $357.36, for a total value of $110,066.88. Following the completion of the sale, the director owned 6,107 shares of the company's stock, valued at $2,182,397.52. This represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katharine Reeping sold 440 shares of the firm's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $347.88, for a total transaction of $153,067.20. Following the completion of the transaction, the insider directly owned 1,774 shares in the company, valued at approximately $617,139.12. This represents a 19.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,867 shares of company stock valued at $2,079,664 in the last ninety days. Corporate insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC boosted its position in shares of LPL Financial by 3,650.0% in the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider's stock worth $27,000 after buying an additional 73 shares during the period. Physician Wealth Advisors Inc. grew its stake in shares of LPL Financial by 580.0% in the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider's stock valued at $41,000 after buying an additional 116 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of LPL Financial during the 4th quarter valued at about $50,000. Reflection Asset Management acquired a new position in LPL Financial during the 4th quarter worth approximately $50,000. Finally, Versant Capital Management Inc boosted its holdings in LPL Financial by 79.0% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the financial services provider's stock worth $53,000 after acquiring an additional 83 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Stock Performance

NASDAQ:LPLA opened at $316.44 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.39 and a quick ratio of 2.39. The firm has a market cap of $24.92 billion, a PE ratio of 25.23, a P/E/G ratio of 0.52 and a beta of 0.53. The firm has a 50 day simple moving average of $347.04 and a 200-day simple moving average of $317.70. LPL Financial has a 1-year low of $260.15 and a 1-year high of $400.16.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.84 EPS for the quarter, topping the consensus estimate of $5.39 by $0.45. The firm had revenue of $5.19 billion during the quarter, compared to analysts' expectations of $5.04 billion. LPL Financial had a net margin of 5.13% and a return on equity of 32.20%. LPL Financial's revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.51 EPS. On average, equities analysts expect that LPL Financial will post 24.28 EPS for the current year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, August 14th. LPL Financial's payout ratio is 9.57%.

About LPL Financial

LPL Financial Holdings Inc is a financial services company that provides brokerage and investment advisory services through a network of independent financial advisors. Operating primarily in the United States, the company supports advisors who serve individuals, families, businesses and retirement plan participants.

LPL Financial's platform offers access to investment products and services, including equities, bonds, mutual funds, exchange-traded funds, insurance products, annuities and alternative investments.

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