LPL Financial Holdings Inc. (NASDAQ:LPLA)’s share price traded down 4.5% during mid-day trading on Tuesday . The company traded as low as $24.72 and last traded at $24.74, with a volume of 324,447 shares traded. The stock had previously closed at $25.90.

A number of equities analysts have issued reports on the stock. Citigroup Inc. reissued a “hold” rating on shares of LPL Financial Holdings in a research report on Sunday, May 29th. SunTrust Banks Inc. raised their price target on shares of LPL Financial Holdings from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, June 2nd. Nomura reissued a “neutral” rating and set a $28.00 price target on shares of LPL Financial Holdings in a research report on Friday, May 27th. Vetr raised shares of LPL Financial Holdings from a “buy” rating to a “strong-buy” rating and set a $32.05 price target for the company in a research report on Monday, April 18th. Finally, Keefe, Bruyette & Woods raised their price target on shares of LPL Financial Holdings from $26.00 to $30.00 and gave the stock a “market perform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.76.

The company has a 50 day moving average of $23.75 and a 200 day moving average of $24.82. The company has a market capitalization of $2.21 billion and a P/E ratio of 13.81.

LPL Financial Holdings (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. During the same period last year, the company earned $0.65 earnings per share. The business earned $1.02 billion during the quarter, compared to analyst estimates of $1,000 million. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts expect that LPL Financial Holdings Inc. will post $1.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Tuesday, August 9th.

Several large investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake 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. Eaton Vance Management increased its stake in 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. Cornerstone Capital Management Holdings LLC. increased its stake in 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, Wells Fargo & Company MN increased its stake in 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.

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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