LPL Financial Holdings Inc. (NASDAQ:LPLA) shot up 3.3% on Thursday . The company traded as high as $22.80 and last traded at $22.21, with a volume of 707,107 shares traded. The stock had previously closed at $21.50.

Several equities research analysts have commented on the stock. Credit Suisse Group AG increased their price objective on shares of LPL Financial Holdings from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, March 18th. Nomura Holdings Inc. reiterated a “hold” rating on shares of LPL Financial Holdings in a research note on Monday, April 4th. Vetr lowered shares of LPL Financial Holdings from a “hold” rating to a “sell” rating and set a $23.03 price objective for the company. in a research note on Monday, March 21st. SunTrust Banks Inc. assumed coverage on shares of LPL Financial Holdings in a research note on Tuesday, March 22nd. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Citigroup Inc. reiterated a “hold” rating on shares of LPL Financial Holdings in a research note on Sunday, May 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.06.

The company has a market cap of $2.00 billion and a PE ratio of 12.69. The firm’s 50 day moving average is $24.87 and its 200-day moving average is $26.90.

LPL Financial Holdings (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.12. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, equities analysts expect that LPL Financial Holdings Inc. will post $1.78 earnings per share for the current year.

Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in LPL Financial Holdings by 0.9% in the fourth quarter. Rhumbline Advisers now owns 72,922 shares of the company’s stock valued at $3,110,000 after buying an additional 640 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in LPL Financial Holdings by 0.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 83,739 shares of the company’s stock valued at $3,571,000 after buying an additional 787 shares during the last quarter. California State Teachers Retirement System boosted its position in LPL Financial Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 152,822 shares of the company’s stock valued at $6,518,000 after buying an additional 2,441 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in LPL Financial Holdings by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 852,098 shares of the company’s stock valued at $36,343,000 after buying an additional 8,543 shares during the last quarter. Finally, TD Asset Management Inc. boosted its position in LPL Financial Holdings by 8.8% in the fourth quarter. TD Asset Management Inc. now owns 123,000 shares of the company’s stock valued at $5,246,000 after buying an additional 9,900 shares during the last quarter.

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors (its advisors), including financial advisors at approximately 700 financial institutions across the country.

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