Analyst Rating Update on LPL Financial Holdings (LPLA)

LPL Financial Holdings (NASDAQ:LPLA) : 7 analysts are covering LPL Financial Holdings (NASDAQ:LPLA) and their average rating on the stock is 3, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

LPL Financial Holdings (NASDAQ:LPLA) : Average target price received by LPL Financial Holdings (NASDAQ:LPLA) is $34 with an expected standard deviation of $7.07. The most aggressive target on the stock is $43, whereas the most downbeat target is $27. 4 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week Also, SunTrust Robinson Humphrey maintains its view on LPL Financial Holdings (NASDAQ:LPLA) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. SunTrust Robinson Humphrey raises the price target from $27 per share to $30 per share on LPL Financial Holdings . The rating by the firm was issued on June 2, 2016.

LPL Financial Holdings (NASDAQ:LPLA): stock turned positive on Tuesday. Though the stock opened at $21.37, the bulls momentum made the stock top out at $22.0699 level for the day. The stock recorded a low of $20.945 and closed the trading day at $21.53, in the green by 1.80%. The total traded volume for the day was 1,578,080. The stock had closed at $21.15 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (EVP, Chief Accounting Officer) of Lpl Financial Holdings Inc., Buchheister Jeffrey R. had purchased shares worth of $1,640 in a transaction dated on February 12, 2016. A total of 100 shares were purchased at a price of $16.4 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

LPL Financial Holdings Inc. is an independent broker-dealer, a custodian for registered investment advisors (RIAs) 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 around 700 financial institutions, enabling them to provide their retail investors with objective financial advice. It also supports approximately 4,400 financial advisors who are affiliated and licensed with insurance companies through customized clearing services, advisory platforms, and technology solutions. It provides its advisors with the front-office, middle-office, and back-office support. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. Its subsidiaries include LPL Financial LLC, The Private Trust Company, N.A., Independent Advisers Group Corporation and LPL Insurance Associates, Inc.

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