LPL Financial Holdings Inc. (NASDAQ:LPLA) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• LPL Financial Holdings Inc. has received an average analyst rating of "Moderate Buy", with ten buy recommendations, three hold recommendations, and one sell recommendation.
• The company's stock performance shows a 12-month high of $403.58 and a low of $216.65, with a market capitalization of $26.96 billion.
• LPL Financial recently reported earnings of $4.51 EPS, exceeding analysts' expectations and marking a 30.8% revenue increase compared to the previous year.

LPL Financial Holdings Inc. (NASDAQ:LPLA - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $391.5385.

A number of equities analysts recently issued reports on the company. Rothschild Redb lowered LPL Financial from a "strong-buy" rating to a "hold" rating in a research note on Friday. Wells Fargo & Company raised their target price on LPL Financial from $402.00 to $420.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Barclays reduced their target price on LPL Financial from $463.00 to $460.00 and set an "overweight" rating for the company in a research note on Tuesday, September 2nd. The Goldman Sachs Group assumed coverage on LPL Financial in a research note on Friday, September 12th. They issued a "buy" rating and a $405.00 target price for the company. Finally, Wall Street Zen lowered LPL Financial from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th.

Insider Transactions at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 80 shares of LPL Financial stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $361.25, for a total transaction of $28,900.00. Following the completion of the transaction, the director owned 5,582 shares in the company, valued at approximately $2,016,497.50. This trade represents a 1.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Greg Gates sold 1,500 shares of LPL Financial stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $374.05, for a total value of $561,075.00. Following the transaction, the director owned 19,120 shares of the company's stock, valued at $7,151,836. The trade was a 7.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,580 shares of company stock valued at $1,671,235 in the last quarter. Company insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On LPL Financial

A number of institutional investors have recently modified their holdings of the stock. Caldwell Trust Co purchased a new position in shares of LPL Financial during the 2nd quarter valued at about $3,052,000. Osaic Holdings Inc. raised its stake in shares of LPL Financial by 25.7% during the 2nd quarter. Osaic Holdings Inc. now owns 13,084 shares of the financial services provider's stock valued at $4,897,000 after buying an additional 2,673 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in shares of LPL Financial by 1.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,797 shares of the financial services provider's stock valued at $3,298,000 after acquiring an additional 132 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in shares of LPL Financial during the 2nd quarter valued at about $2,592,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of LPL Financial during the 2nd quarter valued at about $347,000. Hedge funds and other institutional investors own 95.66% of the company's stock.

LPL Financial Stock Performance

Shares of LPLA opened at $336.99 on Tuesday. LPL Financial has a 12 month low of $216.65 and a 12 month high of $403.58. The stock has a fifty day moving average price of $362.75 and a 200-day moving average price of $353.50. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 1.41. The firm has a market cap of $26.96 billion, a PE ratio of 23.05, a P/E/G ratio of 0.78 and a beta of 0.66.

LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $4.51 EPS for the quarter, beating the consensus estimate of $4.21 by $0.30. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.77 billion. LPL Financial had a return on equity of 39.80% and a net margin of 7.91%.The business's revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.88 EPS. Equities research analysts predict that LPL Financial will post 19.35 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. LPL Financial's dividend payout ratio (DPR) is presently 8.21%.

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 enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.

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