LPL Financial (LPLA) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of LPL Financial (NASDAQ: LPLA) recently:

  • 1/16/2018 – LPL Financial had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $77.00 price target on the stock, up previously from $68.00.
  • 1/5/2018 – LPL Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $68.00 price target on the stock. According to Zacks, “LPL Financial Holdings Inc. is engaged in providing an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, general securities, alternative investments, retirement plans, fixed income, and insurance offerings. LPL Financial Holdings Inc., formerly known as LPL Investment Holdings Inc., is based in Boston, Massachusetts. “
  • 1/4/2018 – LPL Financial had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $60.00 price target on the stock, up previously from $52.00.
  • 1/3/2018 – LPL Financial was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $42.00 price target on the stock.
  • 1/2/2018 – LPL Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LPL Financial Holdings Inc. is engaged in providing an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, general securities, alternative investments, retirement plans, fixed income, and insurance offerings. LPL Financial Holdings Inc., formerly known as LPL Investment Holdings Inc., is based in Boston, Massachusetts. “
  • 12/22/2017 – LPL Financial had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $66.00 price target on the stock.
  • 11/30/2017 – LPL Financial is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $68.00 price target on the stock.

Shares of LPL Financial Holdings Inc (LPLA) opened at $61.19 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.54. LPL Financial Holdings Inc has a 52-week low of $36.72 and a 52-week high of $61.95. The company has a market capitalization of $5,518.73, a PE ratio of 26.04, a PEG ratio of 1.39 and a beta of 1.88.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. LPL Financial had a return on equity of 26.03% and a net margin of 5.19%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. research analysts forecast that LPL Financial Holdings Inc will post 2.27 EPS for the current fiscal year.

In other news, CEO Dan H. Arnold sold 3,742 shares of LPL Financial stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.54, for a total transaction of $181,636.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.00% of the stock is currently owned by insiders.

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.

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