The LPL Financial Holdings Inc. (LPLA) Receives Consensus Rating of “Hold” from Analysts

The LPL Financial Holdings Inc. (LPLA) Receives Consensus Rating of “Hold” from Analysts

LPL Financial Holdings Inc. (NASDAQ:LPLA) has been given an average rating of “Hold” by the thirteen ratings firms that are currently covering the stock. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $28.71.

Several research analysts recently issued reports on the stock. Nomura dropped their price target on shares of LPL Financial Holdings from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, July 11th. Zacks Investment Research raised shares of LPL Financial Holdings from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Thursday, July 7th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $28.00 price objective on shares of LPL Financial Holdings in a research note on Friday, July 29th. Keefe, Bruyette & Woods upped their price objective on shares of LPL Financial Holdings from $26.00 to $30.00 and gave the stock a “market perform” rating in a research note on Friday, July 29th. Finally, TheStreet raised shares of LPL Financial Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th.

A number of institutional investors have recently made changes to their positions in LPLA. WFG Advisors LP boosted its position in shares of LPL Financial Holdings by 63.0% in the second quarter. WFG Advisors LP now owns 5,758 shares of the company’s stock worth $130,000 after buying an additional 2,226 shares during the last quarter. Seven Eight Capital LLC boosted its position in shares of LPL Financial Holdings by 295,600.0% in the first quarter. Seven Eight Capital LLC now owns 5,914 shares of the company’s stock worth $147,000 after buying an additional 5,912 shares during the last quarter. Royal Bank of Canada boosted its position in shares of LPL Financial Holdings by 673.9% in the second quarter. Royal Bank of Canada now owns 7,507 shares of the company’s stock worth $169,000 after buying an additional 6,537 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of LPL Financial Holdings by 700.0% in the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $239,000 after buying an additional 7,000 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of LPL Financial Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,977 shares of the company’s stock worth $202,000 after buying an additional 1,342 shares during the last quarter.

LPL Financial Holdings (NASDAQ:LPLA) traded down 0.5669% during mid-day trading on Thursday, reaching $31.1325. 527,299 shares of the company traded hands. The stock’s 50-day moving average price is $29.82 and its 200-day moving average price is $26.31. The firm has a market cap of $2.77 billion, a PE ratio of 17.3537 and a beta of 1.70. LPL Financial Holdings has a one year low of $15.38 and a one year high of $48.00.

LPL Financial Holdings (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.09. LPL Financial Holdings had a net margin of 4.05% and a return on equity of 22.96%. The firm earned $1.02 billion during the quarter, compared to analyst estimates of $1,000 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. Analysts forecast that LPL Financial Holdings will post $1.84 earnings per share for the current fiscal year.

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