LPL Financial Holdings Inc. (NASDAQ:LPLA) Receives $397.92 Consensus Target Price from Analysts

LPL Financial Holdings Inc. (NASDAQ:LPLA) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $397.9231.

A number of equities research analysts recently weighed in on LPLA shares. Barclays dropped their price objective on LPL Financial from $412.00 to $394.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. William Blair reiterated an “outperform” rating on shares of LPL Financial in a report on Thursday, June 4th. Jefferies Financial Group decreased their price target on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods initiated coverage on shares of LPL Financial in a report on Wednesday, April 8th. They issued an “outperform” rating and a $350.00 price target on the stock. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $500.00 price objective on shares of LPL Financial in a research report on Monday, April 6th.

Insider Transactions at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of LPL Financial stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total value of $94,248.00. Following the transaction, the director directly owned 6,415 shares of the company’s stock, valued at approximately $1,962,990. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of LPL Financial

A number of institutional investors have recently made changes to their positions in the business. Goldstein Advisors LLC lifted its position in LPL Financial by 4.8% during the 4th quarter. Goldstein Advisors LLC now owns 634 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 29 shares during the period. Frank Rimerman Advisors LLC grew its stake in LPL Financial by 4.1% during the 4th quarter. Frank Rimerman Advisors LLC now owns 785 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 31 shares during the last quarter. Coastal Bridge Advisors LLC increased its holdings in shares of LPL Financial by 0.6% in the fourth quarter. Coastal Bridge Advisors LLC now owns 5,475 shares of the financial services provider’s stock valued at $1,956,000 after purchasing an additional 31 shares during the period. Natural Investments LLC increased its holdings in shares of LPL Financial by 4.8% in the fourth quarter. Natural Investments LLC now owns 727 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 33 shares during the period. Finally, Root Financial Partners LLC increased its holdings in shares of LPL Financial by 1.4% in the fourth quarter. Root Financial Partners LLC now owns 2,318 shares of the financial services provider’s stock valued at $828,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Stock Performance

Shares of NASDAQ:LPLA opened at $327.38 on Monday. The firm has a 50 day moving average of $295.39 and a 200 day moving average of $317.33. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $26.18 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 0.64 and a beta of 0.50. LPL Financial has a 52 week low of $260.15 and a 52 week high of $403.58.

LPL Financial (NASDAQ:LPLA) last announced its earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.49 by $0.11. The business had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.98 billion. LPL Financial had a return on equity of 31.26% and a net margin of 4.93%.The business’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.15 EPS. On average, sell-side analysts predict that LPL Financial will post 23.38 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, May 21st. LPL Financial’s dividend payout ratio (DPR) is 10.71%.

LPL Financial Company Profile

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.