LPL Financial (NASDAQ:LPLA) PT Raised to $250.00 at UBS Group

by · The Cerbat Gem

LPL Financial (NASDAQ:LPLA – Get Free Report) had its target price increased by research analysts at UBS Group from $215.00 to $250.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target would indicate a potential upside of 1.70% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company assumed coverage on LPL Financial in a research report on Thursday, September 12th. They set an “equal weight” rating and a $235.00 price target on the stock. JMP Securities upped their target price on shares of LPL Financial from $305.00 to $310.00 and gave the stock a “market outperform” rating in a report on Friday, July 26th. Citigroup cut their price target on shares of LPL Financial from $325.00 to $285.00 and set a “buy” rating for the company in a report on Friday, September 27th. Barclays decreased their price target on shares of LPL Financial from $313.00 to $273.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Finally, The Goldman Sachs Group dropped their price objective on LPL Financial from $289.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $278.23.

Check Out Our Latest Analysis on LPLA

LPL Financial Price Performance

Shares of NASDAQ:LPLA opened at $245.83 on Tuesday. The company has a 50-day moving average price of $218.03 and a two-hundred day moving average price of $248.74. LPL Financial has a twelve month low of $187.19 and a twelve month high of $289.88. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $18.37 billion, a PE ratio of 18.57, a P/E/G ratio of 1.27 and a beta of 0.88.

LPL Financial (NASDAQ:LPLA – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.22. LPL Financial had a net margin of 8.91% and a return on equity of 52.14%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the business earned $3.94 EPS. LPL Financial’s revenue was up 18.8% compared to the same quarter last year. Equities analysts forecast that LPL Financial will post 15.88 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Boston Partners lifted its position in shares of LPL Financial by 71.9% in the 1st quarter. Boston Partners now owns 1,765,230 shares of the financial services provider’s stock worth $466,434,000 after purchasing an additional 738,509 shares during the period. TD Asset Management Inc boosted its holdings in shares of LPL Financial by 33.2% during the 1st quarter. TD Asset Management Inc now owns 1,103,655 shares of the financial services provider’s stock valued at $291,586,000 after buying an additional 275,286 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of LPL Financial by 9.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider’s stock worth $723,329,000 after buying an additional 233,242 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in shares of LPL Financial by 12,785.9% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 234,524 shares of the financial services provider’s stock worth $53,382,000 after acquiring an additional 232,704 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in LPL Financial by 31.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 774,175 shares of the financial services provider’s stock valued at $216,227,000 after acquiring an additional 183,755 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

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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