LPL Financial (NASDAQ:LPLA) Price Target Raised to $420.00 at UBS Group

LPL Financial (NASDAQ:LPLA) had its price target upped by stock analysts at UBS Group from $390.00 to $420.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective indicates a potential upside of 14.03% from the stock’s current price.

LPLA has been the subject of a number of other research reports. Morgan Stanley upped their target price on LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Jefferies Financial Group decreased their target price on LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Wells Fargo & Company upped their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com raised LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Citigroup upped their target price on LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, LPL Financial presently has a consensus rating of “Moderate Buy” and an average target price of $370.50.

LPL Financial Stock Up 1.8 %

Shares of LPLA traded up $6.54 during trading hours on Friday, reaching $368.34. The company’s stock had a trading volume of 790,382 shares, compared to its average volume of 559,446. The firm has a market cap of $27.58 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 1.11 and a beta of 0.87. LPL Financial has a 1-year low of $187.19 and a 1-year high of $375.74. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The company has a 50 day moving average of $334.85 and a two-hundred day moving average of $273.11.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. As a group, research analysts predict that LPL Financial will post 16.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $331.94, for a total transaction of $101,241.70. Following the completion of the transaction, the director now directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On LPL Financial

Several institutional investors have recently bought and sold shares of LPLA. Ashton Thomas Securities LLC acquired a new position in shares of LPL Financial during the 3rd quarter worth approximately $31,000. Paladin Wealth LLC acquired a new position in shares of LPL Financial during the 3rd quarter worth approximately $34,000. Brooklyn Investment Group acquired a new position in shares of LPL Financial during the 3rd quarter worth approximately $43,000. Compass Financial Services Inc acquired a new position in shares of LPL Financial during the 4th quarter worth approximately $65,000. Finally, R Squared Ltd acquired a new position in shares of LPL Financial during the 4th quarter worth approximately $78,000. Institutional investors own 95.66% of the company’s stock.

LPL Financial Company Profile

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.