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LPL Financial Holdings (NASDAQ:LPLA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Thursday, Stock Ratings News reports. They currently have a $45.00 target price on the stock. Zacks‘ price target would suggest a potential downside of 4.36% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at S&P Equity Research downgraded shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of LPL Financial Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, December 12th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of LPL Financial Holdings in a research note to investors on Wednesday, November 13th. They now have a $52.00 price target on the stock, up previously from $45.00. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.71.

Shares of LPL Financial Holdings (NASDAQ:LPLA) traded down 0.79% during mid-day trading on Thursday, hitting $46.68. 380,656 shares of the company’s stock traded hands. LPL Financial Holdings has a 52-week low of $28.25 and a 52-week high of $47.53. The stock’s 50-day moving average is $44.00 and its 200-day moving average is $39.90. The company has a market cap of $4.867 billion and a price-to-earnings ratio of 28.69.

LPL Financial Holdings (NASDAQ:LPLA) last announced its earnings results on Wednesday, October 30th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.47 earnings per share. LPL Financial Holdings’s revenue was up 16.1% compared to the same quarter last year.

In other LPL Financial Holdings news, Director James Putnam sold 30,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.00, for a total value of $1,380,000.00. Following the sale, the director now directly owns 164,280 shares in the company, valued at approximately $7,556,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

LPL Financial Holdings Inc, formerly LPL Investment Holdings Inc, is a holding company. The Company provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions (NASDAQ:LPLA) in the United States of America.

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