LPL Financial (NASDAQ:LPLA) Price Target Raised to $379.00 at Barclays

LPL Financial (NASDAQ:LPLA) had its price target upped by research analysts at Barclays from $378.00 to $379.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 15.55% from the stock’s current price.

Several other research firms have also recently weighed in on LPLA. The Goldman Sachs Group lifted their price objective on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods lifted their price target on LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Wells Fargo & Company upped their price objective on LPL Financial from $310.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. JMP Securities reissued a “market outperform” rating and set a $310.00 price objective on shares of LPL Financial in a report on Wednesday, October 9th. Finally, UBS Group raised LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 target price for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, LPL Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $351.50.

LPL Financial Trading Down 0.7 %

Shares of LPLA stock opened at $328.00 on Monday. LPL Financial has a 52-week low of $187.19 and a 52-week high of $344.86. The business’s fifty day moving average is $323.22 and its 200 day moving average is $265.73. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The company has a market capitalization of $24.56 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.60 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, topping the consensus estimate of $3.69 by $0.47. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. LPL Financial’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.74 earnings per share. On average, equities research analysts anticipate that LPL Financial will post 16.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $331.94, for a total transaction of $101,241.70. Following the transaction, the director now owns 3,920 shares in the company, valued at $1,301,204.80. The trade was a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Institutional Trading of LPL Financial

Several large investors have recently bought and sold shares of LPLA. FMR LLC lifted its holdings in shares of LPL Financial by 24.4% during the third quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock valued at $772,930,000 after purchasing an additional 650,675 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in LPL Financial by 9.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider’s stock valued at $723,329,000 after buying an additional 233,242 shares in the last quarter. Geode Capital Management LLC raised its stake in LPL Financial by 2.6% during the third quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider’s stock valued at $333,581,000 after buying an additional 36,474 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in LPL Financial by 27.6% in the third quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider’s stock worth $296,635,000 after acquiring an additional 276,166 shares in the last quarter. Finally, Samlyn Capital LLC grew its stake in shares of LPL Financial by 8.0% in the second quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider’s stock worth $333,684,000 after acquiring an additional 88,635 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

LPL Financial Company Profile

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.