Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) have been given a consensus rating of “Hold” by the thirteen ratings firms that are covering the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.71.

LPLA has been the topic of several recent research reports. Zacks Investment Research lowered shares of LPL Financial Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Nomura reduced their target price on shares of LPL Financial Holdings from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, July 11th. Keefe, Bruyette & Woods boosted their price objective on shares of LPL Financial Holdings from $26.00 to $30.00 and gave the stock a “market perform” rating in a report on Friday, July 29th. Credit Suisse Group AG reiterated a “buy” rating and issued a $28.00 price objective on shares of LPL Financial Holdings in a report on Friday, July 29th. Finally, TheStreet upgraded shares of LPL Financial Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, September 6th.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of LPL Financial Holdings by 203.7% in the first quarter. BlackRock Inc. now owns 10,733 shares of the company’s stock worth $266,000 after buying an additional 7,199 shares in the last quarter. BlackRock Group LTD increased its stake in shares of LPL Financial Holdings by 28.7% in the first quarter. BlackRock Group LTD now owns 59,121 shares of the company’s stock worth $1,468,000 after buying an additional 13,172 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of LPL Financial Holdings by 6,714.1% in the first quarter. JPMorgan Chase & Co. now owns 126,537 shares of the company’s stock worth $3,138,000 after buying an additional 124,680 shares in the last quarter. State Street Corp increased its stake in shares of LPL Financial Holdings by 6.5% in the first quarter. State Street Corp now owns 1,186,637 shares of the company’s stock worth $29,428,000 after buying an additional 72,241 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of LPL Financial Holdings by 425.1% in the first quarter. UBS Group AG now owns 60,246 shares of the company’s stock worth $1,494,000 after buying an additional 48,773 shares in the last quarter.

Shares of LPL Financial Holdings (NASDAQ:LPLA) traded down 0.5669% during trading on Thursday, hitting $31.1325. The company’s stock had a trading volume of 527,299 shares. LPL Financial Holdings has a 52 week low of $15.38 and a 52 week high of $48.00. The company has a market cap of $2.77 billion, a PE ratio of 17.3537 and a beta of 1.70. The firm’s 50 day moving average price is $29.82 and its 200-day moving average price is $26.31.

LPL Financial Holdings (NASDAQ:LPLA) last posted its earnings results on Thursday, July 28th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1,000 million. LPL Financial Holdings had a net margin of 4.05% and a return on equity of 22.96%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. On average, analysts predict that LPL Financial Holdings will post $1.84 earnings per share for the current year.

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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