LPL Financial (NASDAQ:LPLA) Stock Price Expected to Rise, Barclays Analyst Says

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

Other equities analysts have also issued research reports about the company. Citigroup boosted their price objective on LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. StockNews.com raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Wells Fargo & Company boosted their price target on shares of LPL Financial from $310.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. JMP Securities reiterated a “market outperform” rating and set a $310.00 target price on shares of LPL Financial in a report on Wednesday, October 9th. Finally, UBS Group upgraded LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price target 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $354.42.

LPL Financial Trading Down 0.1 %

LPL Financial stock opened at $361.80 on Friday. LPL Financial has a one year low of $187.19 and a one year high of $366.00. The company’s fifty day moving average price is $334.85 and its two-hundred day moving average price is $273.11. The company 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. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that LPL Financial will post 16.17 earnings per share 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 dated Thursday, December 5th. The stock was 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 of the company’s stock, valued at $1,301,204.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LPL Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new position in LPL Financial during the third quarter worth $31,000. Paladin Wealth LLC acquired a new position in LPL Financial in the third quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new stake in LPL Financial in the third quarter worth $43,000. Compass Financial Services Inc bought a new stake in LPL Financial in the fourth quarter valued at $65,000. Finally, R Squared Ltd acquired a new position in shares of LPL Financial during the fourth quarter valued at about $78,000. 95.66% of the stock is owned by institutional investors and hedge funds.

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.