LPL Financial (NASDAQ:LPLA) Price Target Raised to $312.00 at Barclays

LPL Financial (NASDAQ:LPLA - Get Free Report) had its price target boosted by investment analysts at Barclays from $302.00 to $312.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. Barclays's price target would indicate a potential upside of 19.40% from the stock's previous close.

Several other brokerages also recently weighed in on LPLA. Raymond James initiated coverage on LPL Financial in a research note on Thursday. They set an "underperform" rating for the company. TD Cowen upped their target price on LPL Financial from $266.00 to $269.00 and gave the stock a "market perform" rating in a research note on Friday, March 22nd. JMP Securities reaffirmed a "market outperform" rating and set a $290.00 target price on shares of LPL Financial in a research note on Friday, February 2nd. JPMorgan Chase & Co. upped their target price on LPL Financial from $254.00 to $260.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 2nd. Finally, UBS Group increased their price objective on LPL Financial from $260.00 to $267.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, LPL Financial has an average rating of "Hold" and an average price target of $261.45.

LPL Financial Stock Performance

LPL Financial stock traded up $1.00 during mid-day trading on Monday, hitting $261.30. The company had a trading volume of 205,178 shares, compared to its average volume of 537,461. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.80. LPL Financial has a 12-month low of $179.00 and a 12-month high of $274.35. The company's fifty day moving average is $259.96 and its 200-day moving average is $239.40. The company has a market capitalization of $19.52 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.26 and a beta of 0.84.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $3.51 EPS for the quarter, topping the consensus estimate of $3.33 by $0.18. LPL Financial had a return on equity of 57.68% and a net margin of 10.61%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm posted $4.21 EPS. The business's quarterly revenue was up 13.3% compared to the same quarter last year. Equities research analysts predict that LPL Financial will post 15.57 EPS for the current year.

Insider Activity at LPL Financial

In other LPL Financial news, CEO Dan H. Arnold sold 10,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $256.35, for a total value of $2,563,500.00. Following the sale, the chief executive officer now owns 137,044 shares of the company's stock, valued at approximately $35,131,229.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Dan H. Arnold sold 10,000 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $256.35, for a total transaction of $2,563,500.00. Following the sale, the chief executive officer now owns 137,044 shares of the company's stock, valued at approximately $35,131,229.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dan H. Arnold sold 34,807 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $266.54, for a total value of $9,277,457.78. Following the sale, the chief executive officer now directly owns 141,810 shares in the company, valued at approximately $37,798,037.40. The disclosure for this sale can be found here. Insiders sold 60,151 shares of company stock worth $15,911,088 in the last three months. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LPLA. EdgeRock Capital LLC purchased a new stake in shares of LPL Financial in the fourth quarter valued at approximately $25,000. First Manhattan Co. purchased a new stake in shares of LPL Financial in the fourth quarter valued at approximately $27,000. Smithfield Trust Co boosted its stake in shares of LPL Financial by 164.4% in the third quarter. Smithfield Trust Co now owns 119 shares of the financial services provider's stock valued at $28,000 after buying an additional 74 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of LPL Financial in the fourth quarter valued at approximately $30,000. Finally, Gladius Capital Management LP purchased a new stake in shares of LPL Financial in the fourth quarter valued at approximately $30,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

About LPL Financial

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.