Weekly Analysts’ Ratings Changes for LPL Financial (LPLA)

LPL Financial (NASDAQ: LPLA) recently received a number of ratings updates from brokerages and research firms:

  • 2/7/2018 – LPL Financial had its price target raised by analysts at Morgan Stanley from $62.00 to $66.00. They now have an “equal weight” rating on the stock.
  • 2/5/2018 – LPL Financial was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/5/2018 – LPL Financial had its price target raised by analysts at Citigroup Inc from $80.00 to $90.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – LPL Financial had its price target raised by analysts at Credit Suisse Group AG from $77.00 to $85.00. They now have an “outperform” rating on the stock.
  • 2/2/2018 – LPL Financial had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $73.00 price target on the stock.
  • 2/2/2018 – LPL Financial had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $75.00 price target on the stock.
  • 2/2/2018 – LPL Financial had its price target raised by analysts at Nomura from $80.00 to $84.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – LPL Financial was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/16/2018 – LPL Financial was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/16/2018 – LPL Financial had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $77.00 price target on the stock, up previously from $68.00.
  • 1/5/2018 – LPL Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $68.00 price target on the stock. According to Zacks, “LPL Financial Holdings Inc. is engaged in providing an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, general securities, alternative investments, retirement plans, fixed income, and insurance offerings. LPL Financial Holdings Inc., formerly known as LPL Investment Holdings Inc., is based in Boston, Massachusetts. “
  • 1/4/2018 – LPL Financial had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $60.00 price target on the stock, up previously from $52.00.
  • 1/3/2018 – LPL Financial was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $42.00 price target on the stock.
  • 1/2/2018 – LPL Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LPL Financial Holdings Inc. is engaged in providing an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, general securities, alternative investments, retirement plans, fixed income, and insurance offerings. LPL Financial Holdings Inc., formerly known as LPL Investment Holdings Inc., is based in Boston, Massachusetts. “
  • 12/22/2017 – LPL Financial had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $66.00 price target on the stock.

Shares of LPL Financial Holdings Inc (NASDAQ LPLA) opened at $62.23 on Monday. The stock has a market cap of $5,612.52, a PE ratio of 24.12, a P/E/G ratio of 1.10 and a beta of 1.74. LPL Financial Holdings Inc has a fifty-two week low of $37.38 and a fifty-two week high of $64.71. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.48 and a quick ratio of 1.48.

In related news, Director William P. Jr. Morrissey sold 20,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $62.74, for a total value of $1,254,800.00. Following the sale, the director now directly owns 37,541 shares in the company, valued at approximately $2,355,322.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dan H. Arnold sold 3,742 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $48.54, for a total transaction of $181,636.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,742 shares of company stock worth $2,062,537. 4.00% of the stock is owned by insiders.

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.

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