LPL Financial Holdings Inc. (NASDAQ:LPLA) was downgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a note issued to investors on Wednesday.

Several other equities research analysts have also recently issued reports on LPLA. Nomura boosted their price target on LPL Financial Holdings from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Keefe, Bruyette & Woods boosted their price target on LPL Financial Holdings from $26.00 to $30.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. Credit Suisse Group AG restated a “buy” rating and set a $28.00 price objective on shares of LPL Financial Holdings in a research report on Friday, July 29th. Zacks Investment Research downgraded shares of LPL Financial Holdings from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, TheStreet upgraded shares of LPL Financial Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.41.

Analyst Recommendations for LPL Financial Holdings (NASDAQ:LPLA)

LPL Financial Holdings (NASDAQ:LPLA) opened at 33.01 on Wednesday. LPL Financial Holdings has a 52-week low of $15.38 and a 52-week high of $48.00. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 18.40 and a beta of 1.70. The stock has a 50 day moving average price of $29.74 and a 200 day moving average price of $26.27.

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

A number of hedge funds have recently bought and sold shares of the stock. FPR Partners LLC increased its stake in LPL Financial Holdings by 1.2% in the first quarter. FPR Partners LLC now owns 11,971,736 shares of the company’s stock worth $296,899,000 after buying an additional 145,029 shares during the last quarter. Janus Capital Management LLC increased its stake in LPL Financial Holdings by 4.3% in the second quarter. Janus Capital Management LLC now owns 6,485,678 shares of the company’s stock worth $146,122,000 after buying an additional 264,549 shares during the last quarter. Fairview Capital Investment Management LLC increased its stake in LPL Financial Holdings by 17.5% in the second quarter. Fairview Capital Investment Management LLC now owns 5,838,312 shares of the company’s stock worth $131,537,000 after buying an additional 867,650 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in LPL Financial Holdings by 9.8% in the second quarter. Clarkston Capital Partners LLC now owns 3,311,935 shares of the company’s stock worth $74,618,000 after buying an additional 296,840 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in LPL Financial Holdings by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,029,068 shares of the company’s stock worth $45,715,000 after buying an additional 21,811 shares during the last quarter.

About LPL Financial Holdings

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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