LPL Financial Holdings Inc. (NASDAQ:LPLA) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $48.22.

LPLA has been the subject of several recent research reports. BidaskClub raised LPL Financial Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Morgan Stanley reaffirmed an “underweight” rating and issued a $38.00 price target (up previously from $35.00) on shares of LPL Financial Holdings in a report on Monday, July 10th. Zacks Investment Research cut LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $48.00 price objective on shares of LPL Financial Holdings in a research report on Tuesday, June 6th. Finally, SunTrust Banks, Inc. upgraded LPL Financial Holdings from a “hold” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $55.00 in a research report on Wednesday, August 16th.

LPL Financial Holdings (NASDAQ:LPLA) traded down 0.68% during trading on Wednesday, reaching $49.51. The company had a trading volume of 761,342 shares. LPL Financial Holdings has a 52 week low of $28.38 and a 52 week high of $49.90. The company’s 50-day moving average is $46.22 and its 200 day moving average is $42.35. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 21.51 and a beta of 1.84.

LPL Financial Holdings (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.66 by $0.08. LPL Financial Holdings had a return on equity of 26.45% and a net margin of 5.10%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts anticipate that LPL Financial Holdings will post $2.40 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a $0.25 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.00 annualized dividend and a yield of 2.02%. LPL Financial Holdings’s payout ratio is 43.48%.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in LPLA. ProShare Advisors LLC boosted its position in shares of LPL Financial Holdings by 6.8% during the first quarter. ProShare Advisors LLC now owns 11,656 shares of the financial services provider’s stock worth $464,000 after buying an additional 744 shares during the period. Bank of New York Mellon Corp boosted its position in shares of LPL Financial Holdings by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 466,342 shares of the financial services provider’s stock worth $18,573,000 after buying an additional 19,407 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of LPL Financial Holdings by 106.6% during the first quarter. BNP Paribas Arbitrage SA now owns 16,439 shares of the financial services provider’s stock worth $655,000 after buying an additional 8,483 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of LPL Financial Holdings by 311.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,164 shares of the financial services provider’s stock worth $365,000 after buying an additional 6,937 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of LPL Financial Holdings by 23.2% during the first quarter. UBS Asset Management Americas Inc. now owns 62,614 shares of the financial services provider’s stock worth $2,494,000 after buying an additional 11,776 shares during the period. Institutional investors and hedge funds own 89.73% of the company’s stock.

LPL Financial Holdings Company Profile

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

Analyst Recommendations for LPL Financial Holdings (NASDAQ:LPLA)

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