LPL Financial Holdings Inc. (LPLA) Receives Consensus Rating of “Hold” from Analysts
LPL Financial Holdings Inc. (NASDAQ:LPLA) has earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the firm. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $29.31.
LPLA has been the topic of several analyst reports. Zacks Investment Research upgraded shares of LPL Financial Holdings from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, September 13th. TheStreet upgraded shares of LPL Financial Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, September 6th. Credit Suisse Group AG reiterated a “buy” rating and set a $28.00 price target on shares of LPL Financial Holdings in a report on Friday, July 29th. SunTrust Banks Inc. reiterated a “hold” rating and set a $36.00 price target (up from $35.00) on shares of LPL Financial Holdings in a report on Thursday, November 3rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of LPL Financial Holdings from $26.00 to $30.00 and gave the company a “market perform” rating in a report on Friday, July 29th.
Several institutional investors have recently added to or reduced their stakes in LPLA. Integrated Investment Consultants LLC boosted its stake in LPL Financial Holdings by 9.4% in the third quarter. Integrated Investment Consultants LLC now owns 4,675 shares of the company’s stock worth $149,000 after buying an additional 400 shares during the last quarter. TLP Group LLC purchased a new stake in LPL Financial Holdings during the third quarter worth approximately $164,000. WFG Advisors LP boosted its stake in LPL Financial Holdings by 63.0% in the second quarter. WFG Advisors LP now owns 5,758 shares of the company’s stock worth $130,000 after buying an additional 2,226 shares during the last quarter. Seven Eight Capital LLC boosted its stake in LPL Financial Holdings by 295,600.0% in the first quarter. Seven Eight Capital LLC now owns 5,914 shares of the company’s stock worth $147,000 after buying an additional 5,912 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in LPL Financial Holdings by 673.9% in the second quarter. Royal Bank of Canada now owns 7,507 shares of the company’s stock worth $169,000 after buying an additional 6,537 shares during the last quarter.
LPL Financial Holdings (NASDAQ:LPLA) opened at 39.81 on Thursday. LPL Financial Holdings has a 12-month low of $15.38 and a 12-month high of $48.00. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 20.58 and a beta of 1.71. The stock’s 50 day moving average is $33.01 and its 200 day moving average is $28.02.
LPL Financial Holdings (NASDAQ:LPLA) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. LPL Financial Holdings had a net margin of 4.36% and a return on equity of 24.56%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. Equities analysts predict that LPL Financial Holdings will post $2.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. LPL Financial Holdings’s dividend payout ratio is presently 51.28%.
LPL Financial Holdings Company Profile
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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