Cwm LLC decreased its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,058 shares of the financial services provider’s stock after selling 147 shares during the quarter. Cwm LLC’s holdings in LPL Financial were worth $246,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in LPL Financial during the second quarter valued at $25,000. Key Financial Inc purchased a new stake in LPL Financial during the second quarter valued at $28,000. Riverview Trust Co purchased a new stake in LPL Financial during the first quarter valued at $30,000. Crewe Advisors LLC raised its stake in LPL Financial by 360.7% during the second quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in LPL Financial by 74.7% during the second quarter. Tortoise Investment Management LLC now owns 131 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.
LPL Financial Trading Down 0.1 %
LPLA stock opened at $256.08 on Wednesday. The company has a market capitalization of $19.13 billion, a PE ratio of 19.34, a P/E/G ratio of 1.32 and a beta of 0.88. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $289.88. The firm’s 50-day moving average is $227.89 and its 200 day moving average is $248.08. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.16 and a quick ratio of 2.16.
Analysts Set New Price Targets
A number of research firms recently issued reports on LPLA. JPMorgan Chase & Co. upped their price target on shares of LPL Financial from $261.00 to $268.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Citigroup decreased their price target on shares of LPL Financial from $325.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. The Goldman Sachs Group reduced their target price on shares of LPL Financial from $289.00 to $271.00 and set a “buy” rating on the stock in a research note on Thursday, September 26th. Barclays reduced their target price on shares of LPL Financial from $313.00 to $273.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Finally, Bank of America raised shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $268.00 target price on the stock in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $277.77.
Get Our Latest Stock Report on LPL Financial
LPL Financial 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.
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