Analysts’ Weekly Ratings Changes for LPL Financial (LPLA)

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

• 11/9/2024 – LPL Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/1/2024 – LPL Financial had its price target raised by analysts at The Goldman Sachs Group, Inc. from $271.00 to $305.00. They now have a “buy” rating on the stock.
• 10/31/2024 – LPL Financial had its price target raised by analysts at Barclays PLC from $273.00 to $311.00. They now have an “overweight” rating on the stock.
• 10/31/2024 – LPL Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/31/2024 – LPL Financial had its price target raised by analysts at TD Cowen from $271.00 to $277.00. They now have a “hold” rating on the stock.
• 10/31/2024 – LPL Financial had its price target raised by analysts at Citigroup Inc. from $285.00 to $310.00. They now have a “buy” rating on the stock.
• 10/17/2024 – LPL Financial had its price target raised by analysts at Morgan Stanley from $303.00 to $309.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – LPL Financial was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $285.00 price target on the stock, up previously from $235.00.
• 10/9/2024 – LPL Financial had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $310.00 price target on the stock.
• 10/8/2024 – LPL Financial had its price target raised by analysts at UBS Group AG from $215.00 to $250.00. They now have a “neutral” rating on the stock.
• 10/4/2024 – LPL Financial had its price target lowered by analysts at Jefferies Financial Group Inc. from $309.00 to $282.00. They now have a “buy” rating on the stock.
• 10/1/2024 – LPL Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/27/2024 – LPL Financial had its price target lowered by analysts at Citigroup Inc. from $325.00 to $285.00. They now have a “buy” rating on the stock.
• 9/26/2024 – LPL Financial had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $289.00 to $271.00. They now have a “buy” rating on the stock.

LPL Financial Trading Down 0.2 %

NASDAQ:LPLA opened at $317.24 on Wednesday. The company’s 50 day moving average price is $246.29 and its 200-day moving average price is $250.28. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $321.92. 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 stock has a market cap of $23.75 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.53 and a beta of 0.85.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.04 billion. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.74 earnings per share. On average, equities research analysts forecast that LPL Financial Holdings Inc. will post 16.08 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.38%. LPL Financial’s dividend payout ratio (DPR) is 9.02%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPLA. Quantbot Technologies LP bought a new position in LPL Financial in the first quarter worth approximately $198,000. Empowered Funds LLC raised its position in LPL Financial by 403.0% in the first quarter. Empowered Funds LLC now owns 4,789 shares of the financial services provider’s stock worth $1,265,000 after acquiring an additional 3,837 shares during the period. Sei Investments Co. raised its position in LPL Financial by 23.4% in the first quarter. Sei Investments Co. now owns 113,254 shares of the financial services provider’s stock worth $29,923,000 after acquiring an additional 21,481 shares during the period. QRG Capital Management Inc. raised its position in LPL Financial by 8.9% in the first quarter. QRG Capital Management Inc. now owns 5,977 shares of the financial services provider’s stock worth $1,579,000 after acquiring an additional 486 shares during the period. Finally, US Bancorp DE raised its position in LPL Financial by 0.5% in the first quarter. US Bancorp DE now owns 21,185 shares of the financial services provider’s stock worth $5,598,000 after acquiring an additional 103 shares during the period. Institutional investors own 95.66% of the company’s stock.

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.