LPL Financial Holdings Inc. (NASDAQ:LPLA) Receives $276.20 Consensus Target Price from Analysts

LPL Financial Holdings Inc. (NASDAQ:LPLAGet Free Report) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $276.20.

Several research analysts have recently issued reports on the company. Raymond James started coverage on LPL Financial in a research report on Thursday, April 4th. They issued an “underperform” rating for the company. TD Cowen boosted their target price on shares of LPL Financial from $269.00 to $271.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on shares of LPL Financial from $254.00 to $260.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Morgan Stanley upgraded LPL Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $254.00 to $315.00 in a research note on Tuesday, April 9th. Finally, Barclays increased their target price on LPL Financial from $302.00 to $312.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th.

Check Out Our Latest Stock Report on LPL Financial

Insider Transactions at LPL Financial

In other LPL Financial news, Director Matthew Enyedi sold 1,381 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $256.94, for a total value of $354,834.14. Following the completion of the transaction, the director now directly owns 8,634 shares in the company, valued at $2,218,419.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Dan H. Arnold sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $256.35, for a total value of $2,563,500.00. Following the completion of the transaction, the chief executive officer now owns 137,044 shares of the company’s stock, valued at $35,131,229.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew Enyedi sold 1,381 shares of LPL Financial stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $256.94, for a total value of $354,834.14. Following the sale, the director now directly owns 8,634 shares in the company, valued at approximately $2,218,419.96. The disclosure for this sale can be found here. Insiders have sold 60,151 shares of company stock valued at $15,911,088 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LPL Financial

A number of institutional investors have recently added to or reduced their stakes in LPLA. Norges Bank bought a new stake in LPL Financial in the 4th quarter valued at $200,497,000. TD Asset Management Inc increased its holdings in shares of LPL Financial by 286.0% in the fourth quarter. TD Asset Management Inc now owns 828,369 shares of the financial services provider’s stock worth $188,553,000 after purchasing an additional 613,792 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of LPL Financial by 1,732.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 568,292 shares of the financial services provider’s stock worth $135,055,000 after buying an additional 537,272 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in LPL Financial by 89.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 774,297 shares of the financial services provider’s stock valued at $176,245,000 after buying an additional 364,597 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in LPL Financial by 358.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 456,990 shares of the financial services provider’s stock valued at $108,604,000 after buying an additional 357,245 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Price Performance

Shares of LPL Financial stock opened at $267.77 on Friday. The company has a market cap of $20.01 billion, a PE ratio of 20.22, a P/E/G ratio of 1.07 and a beta of 0.83. The business has a 50 day moving average of $265.13 and a 200 day moving average of $246.21. LPL Financial has a 52 week low of $190.13 and a 52 week high of $276.12. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, May 20th. LPL Financial’s dividend payout ratio is presently 9.06%.

LPL Financial Company Profile

(Get Free Report

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.

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Analyst Recommendations for LPL Financial (NASDAQ:LPLA)

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