Shares of LPL Financial Holdings Inc (NASDAQ:LPLA) have earned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $41.67.

A number of analysts have commented on the company. SunTrust Banks, Inc. boosted their price objective on LPL Financial Holdings from $39.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, February 10th. Goldman Sachs Group Inc raised LPL Financial Holdings from a “neutral” rating to a “conviction-buy” rating and boosted their price objective for the stock from $44.00 to $47.00 in a report on Monday, March 20th. Keefe, Bruyette & Woods set a $44.00 price objective on LPL Financial Holdings and gave the stock a “hold” rating in a report on Thursday, April 6th. Nomura reissued a “hold” rating and set a $46.00 price objective on shares of LPL Financial Holdings in a report on Sunday, April 9th. Finally, Zacks Investment Research lowered LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/05/16/lpl-financial-holdings-inc-lpla-receives-consensus-recommendation-of-buy-from-analysts.html.

In other news, insider Tracy Calder sold 6,465 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $39.31, for a total value of $254,139.15. Following the transaction, the insider now owns 34,165 shares of the company’s stock, valued at $1,343,026.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Dan H. Arnold sold 15,428 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $39.14, for a total transaction of $603,851.92. Following the completion of the transaction, the chief executive officer now directly owns 230,112 shares in the company, valued at approximately $9,006,583.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 511,481 shares of company stock worth $20,727,715. Insiders own 5.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPLA. Independent Advisor Alliance purchased a new position in LPL Financial Holdings during the fourth quarter valued at $100,000. Tyers Asset Management LLC purchased a new position in LPL Financial Holdings during the first quarter worth approximately $138,000. James Investment Research Inc. purchased a new position in LPL Financial Holdings during the first quarter worth approximately $142,000. TLP Group LLC purchased a new position in LPL Financial Holdings during the third quarter worth approximately $164,000. Finally, SG Americas Securities LLC purchased a new position in LPL Financial Holdings during the first quarter worth approximately $171,000.

LPL Financial Holdings (NASDAQ:LPLA) remained flat at $42.62 during midday trading on Tuesday. 23,931 shares of the stock were exchanged. The company has a 50-day moving average of $40.22 and a 200-day moving average of $38.52. LPL Financial Holdings has a 1-year low of $20.51 and a 1-year high of $43.79. The company has a market cap of $3.85 billion, a P/E ratio of 20.39 and a beta of 1.85.

LPL Financial Holdings (NASDAQ:LPLA) last issued its earnings results on Thursday, April 27th. The financial services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.30. LPL Financial Holdings had a return on equity of 25.39% and a net margin of 4.74%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that LPL Financial Holdings will post $2.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Monday, May 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.35%. LPL Financial Holdings’s dividend payout ratio is currently 46.95%.

LPL Financial Holdings Company Profile

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

5 Day Chart for NASDAQ:LPLA

Receive News & Ratings for LPL Financial Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LPL Financial Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.