LPL Financial Holdings Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:LPLA)
LPL Financial Holdings (NASDAQ:LPLA) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, Stock Ratings Network reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $52.68.
LPL Financial Holdings (NASDAQ:LPLA) traded up 0.17% during mid-day trading on Monday, hitting $46.87. The stock had a trading volume of 132,995 shares. LPL Financial Holdings has a one year low of $33.87 and a one year high of $56.45. The stock has a 50-day moving average of $51.34 and a 200-day moving average of $47.82. The company has a market cap of $4.774 billion and a P/E ratio of 27.25.
LPL Financial Holdings (NASDAQ:LPLA) last released its earnings data on Wednesday, April 23rd. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts predict that LPL Financial Holdings will post $2.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, May 20th. Investors of record on Tuesday, May 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, May 2nd.
A number of analysts have recently weighed in on LPLA shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of LPL Financial Holdings in a research note on Thursday. They now have a $57.00 price target on the stock. Separately, analysts at UBS AG reiterated a “neutral” rating on shares of LPL Financial Holdings in a research note on Thursday. They now have a $53.00 price target on the stock.
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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