LPL Financial (NASDAQ:LPLA) PT Raised to $279.00

LPL Financial (NASDAQ:LPLAFree Report) had its price objective raised by TD Cowen from $271.00 to $279.00 in a report published on Monday morning, Benzinga reports. TD Cowen currently has a hold rating on the financial services provider’s stock.

LPLA has been the topic of several other research reports. Morgan Stanley raised LPL Financial from an equal weight rating to an overweight rating and upped their target price for the company from $254.00 to $315.00 in a research report on Tuesday, April 9th. JMP Securities reissued a market outperform rating and issued a $305.00 price objective on shares of LPL Financial in a report on Wednesday, May 1st. Raymond James began coverage on shares of LPL Financial in a research report on Thursday, April 4th. They set an underperform rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of LPL Financial from $254.00 to $260.00 and gave the company a neutral rating in a research report on Tuesday, April 2nd. Finally, Barclays increased their price target on LPL Financial from $302.00 to $312.00 and gave the stock an overweight rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from, the stock presently has an average rating of Hold and an average price target of $284.30.

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LPL Financial Price Performance

Shares of LPLA opened at $272.94 on Monday. The firm has a market capitalization of $20.39 billion, a PE ratio of 20.61, a PEG ratio of 1.09 and a beta of 0.90. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. The company’s 50-day moving average is $276.62 and its 200-day moving average is $261.53. LPL Financial has a fifty-two week low of $200.18 and a fifty-two week high of $289.88.

LPL Financial (NASDAQ:LPLAGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.44. LPL Financial had a net margin of 9.71% and a return on equity of 55.22%. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.68 billion. Equities analysts forecast that LPL Financial will post 15.85 EPS for the current year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.44%. LPL Financial’s payout ratio is currently 9.06%.

Insider Activity at LPL Financial

In other LPL Financial news, CEO Dan H. Arnold sold 5,677 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $277.31, for a total transaction of $1,574,288.87. Following the sale, the chief executive officer now owns 142,608 shares of the company’s stock, valued at $39,546,624.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On LPL Financial

Several hedge funds have recently added to or reduced their stakes in the business. EdgeRock Capital LLC bought a new position in shares of LPL Financial during the fourth quarter valued at $25,000. GAMMA Investing LLC acquired a new stake in LPL Financial in the fourth quarter valued at $30,000. Gladius Capital Management LP bought a new position in LPL Financial during the 4th quarter worth $30,000. Riverview Trust Co acquired a new position in LPL Financial during the 1st quarter worth about $30,000. Finally, American National Bank bought a new stake in shares of LPL Financial in the 4th quarter valued at about $32,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

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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