LPL Financial Holdings Given Consensus Rating of “Hold” by Analysts (NASDAQ:LPLA)
LPL Financial Holdings (NASDAQ:LPLA) has earned an average rating of “Hold” from the ten analysts that are currently covering the company, AnalystRatings.Net reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $52.58.
LPL Financial Holdings (NASDAQ:LPLA) traded up 0.04% during mid-day trading on Friday, hitting $48.40. The stock had a trading volume of 14,073 shares. LPL Financial Holdings has a 1-year low of $36.63 and a 1-year high of $56.45. The stock has a 50-day moving average of $48.08 and a 200-day moving average of $49.76. The company has a market cap of $4.856 billion and a P/E ratio of 28.01.
LPL Financial Holdings (NASDAQ:LPLA) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.61 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.61. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.61 earnings per share. LPL Financial Holdings’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that LPL Financial Holdings will post $2.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, August 12th.
LPLA has been the subject of a number of recent research reports. Analysts at Citigroup Inc. downgraded shares of LPL Financial Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $52.00 price target on the stock, down previously from $57.00. Analysts at Credit Suisse cut their price target on shares of LPL Financial Holdings from $55.00 to $53.00 in a research note on Thursday, July 31st. They now have a “neutral” rating 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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