LPL Financial Holdings Inc. (NASDAQ:LPLA)’s share price traded up 3.3% during mid-day trading on Thursday . The stock traded as high as $22.80 and last traded at $22.21, with a volume of 707,107 shares changing hands. The stock had previously closed at $21.50.

Several equities analysts have issued reports 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 report on Friday, March 18th. Nomura Holdings Inc. reaffirmed a “hold” rating on shares of LPL Financial Holdings in a report on Monday, April 4th. SunTrust Banks Inc. assumed coverage on shares of LPL Financial Holdings in a report on Tuesday, March 22nd. They set a “neutral” rating and a $23.00 price objective on the stock. Vetr downgraded shares of LPL Financial Holdings from a “hold” rating to a “sell” rating and set a $23.03 price objective on the stock. in a report on Monday, March 21st. Finally, Citigroup Inc. reaffirmed a “hold” rating on shares of LPL Financial Holdings in a report 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 given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.06.

The stock has a market capitalization of $2.02 billion and a PE ratio of 12.83. The stock has a 50 day moving average of $24.76 and a 200-day moving average of $26.73.

LPL Financial Holdings (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.12. The firm earned $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, equities analysts predict that LPL Financial Holdings Inc. will post $1.78 EPS for the current year.

Several large investors recently modified their holdings of the company. Eaton Vance Management raised its stake in shares of LPL Financial Holdings by 79.4% in the fourth quarter. Eaton Vance Management now owns 76,195 shares of the company’s stock valued at $3,250,000 after buying an additional 33,730 shares during the last quarter. Cowen Group Inc. bought a new stake in shares of LPL Financial Holdings during the fourth quarter valued at approximately $5,090,000. Wells Fargo & Company MN raised its stake in shares of LPL Financial Holdings by 22.4% in the fourth quarter. Wells Fargo & Company MN now owns 571,012 shares of the company’s stock valued at $24,353,000 after buying an additional 104,608 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of LPL Financial Holdings by 14.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 235,185 shares of the company’s stock valued at $10,031,000 after buying an additional 29,067 shares during the last quarter. Finally, Clarkston Capital Partners LLC raised its stake in shares of LPL Financial Holdings by 128.6% in the fourth quarter. Clarkston Capital Partners LLC now owns 826,385 shares of the company’s stock valued at $35,245,000 after buying an additional 464,895 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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