LPL Financial (NASDAQ:LPLA) Stock Rating Upgraded by StockNews.com

LPL Financial (NASDAQ:LPLA) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

LPLA has been the topic of several other research reports. JMP Securities raised their price objective on LPL Financial from $305.00 to $310.00 and gave the company a “market outperform” rating in a report on Friday, July 26th. Barclays cut their price target on LPL Financial from $313.00 to $273.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. UBS Group lowered their price objective on LPL Financial from $290.00 to $215.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of LPL Financial from $261.00 to $268.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of LPL Financial from $326.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LPL Financial presently has a consensus rating of “Hold” and a consensus price target of $275.27.

LPL Financial Price Performance

Shares of LPLA stock opened at $206.98 on Wednesday. The business has a fifty day simple moving average of $224.72 and a 200 day simple moving average of $254.53. The company has a market cap of $15.46 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.21 and a beta of 0.88. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.77. LPL Financial has a twelve month low of $187.19 and a twelve month high of $289.88.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, July 25th. The financial services provider reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.22. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. LPL Financial had a net margin of 8.91% and a return on equity of 52.14%. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.94 earnings per share. On average, sell-side analysts forecast that LPL Financial will post 15.9 EPS for the current fiscal year.

Institutional Trading of LPL Financial

A number of institutional investors have recently bought and sold shares of LPLA. Ashton Thomas Private Wealth LLC acquired a new position in shares of LPL Financial in the 2nd quarter valued at about $25,000. Key Financial Inc bought a new position in shares of LPL Financial during the 2nd quarter worth approximately $28,000. Riverview Trust Co acquired a new stake in shares of LPL Financial during the 1st quarter worth approximately $30,000. American National Bank bought a new stake in shares of LPL Financial in the 4th quarter valued at $32,000. Finally, Crewe Advisors LLC lifted its position in shares of LPL Financial by 360.7% during the 2nd quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 101 shares during the period. Institutional investors own 95.66% of the company’s stock.

About LPL Financial

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.