Brokerage Firm Rating on LPL Financial Holdings (LPLA)

LPL Financial Holdings (LPLA) : Zacks Investment Research ranks LPL Financial Holdings (LPLA) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3, which indicates as a Hold.

LPL Financial Holdings (LPLA) : Currently there are 5 street experts covering LPL Financial Holdings (LPLA) stock. The most bullish and bearish price target for the stock is $43 and $27 respectively for the short term. The average price target of all the analysts comes to $32.2. The estimated standard deviation from the target is $7.12.


Company shares have received an average consensus rating of Hold for the current week LPL Financial Holdings (NASDAQ:LPLA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.66 and $26.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.05, notching a gain of 2.11% for the day. The total traded volume was 346,417 . The stock had closed at $26.49 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Chief Accounting Officer) of Lpl Financial Holdings Inc., Buchheister Jeffrey R., had purchased 100 shares in a transaction dated on February 12, 2016. The transaction was executed at $16.4 per share with total amount equaling $1,640.

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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