LPL Financial (NASDAQ:LPLA) Price Target Raised to $414.00

LPL Financial (NASDAQ:LPLA) had its target price boosted by stock analysts at Barclays from $389.00 to $414.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective indicates a potential upside of 14.43% from the stock’s previous close.

A number of other analysts have also recently commented on LPLA. Jefferies Financial Group reduced their target price on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a report on Friday, October 4th. Keefe, Bruyette & Woods raised their target price on shares of LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. TD Cowen upgraded shares of LPL Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $277.00 to $413.00 in a research report on Thursday, December 19th. UBS Group raised LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price objective on the stock in a research note on Monday, January 6th. Finally, Citigroup lifted their price objective on shares of LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, LPL Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.42.

LPL Financial Price Performance

LPLA stock opened at $361.80 on Friday. 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 firm has a 50 day moving average price of $334.85 and a 200-day moving average price of $273.11. LPL Financial has a 52-week low of $187.19 and a 52-week high of $366.00. The firm has a market capitalization of $27.09 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.11 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. Equities research analysts forecast that LPL Financial will post 16.17 EPS for the current fiscal year.

Insider Activity at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the transaction, the director now owns 3,920 shares in the company, valued at $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of LPL Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its position in shares of LPL Financial by 50.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,841 shares of the financial services provider’s stock worth $3,685,000 after purchasing an additional 5,320 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in LPL Financial in the 3rd quarter valued at approximately $2,633,000. Principal Financial Group Inc. boosted its stake in shares of LPL Financial by 15.7% during the third quarter. Principal Financial Group Inc. now owns 25,418 shares of the financial services provider’s stock valued at $5,913,000 after acquiring an additional 3,444 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of LPL Financial by 4.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 31,209 shares of the financial services provider’s stock valued at $10,190,000 after buying an additional 1,383 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in LPL Financial by 27.6% in the 3rd 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 during the period. 95.66% of the stock is owned by hedge funds and other 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.