Impact of Brokerage Rating on LPL Financial Holdings Inc.(LPLA)

Many LPL Financial Holdings Inc.(LPLA) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. LPL Financial Holdings Inc was Upgraded by Goldman to Neutral on Jan 10, 2017.

Company has reported several Insider transactions to the SEC, on Mar 8, 2016, Jeffrey R. Buchheister (EVP, Chief Accounting Officer) purchased 100 shares at 16.40 per share price.On Mar 8, 2016, Dan H. Arnold (President) sold 1,208 shares at 21.27 per share price.On Mar 2, 2016, Viet D Dinh (director) purchased 4,844 shares at 20.42 per share price.

LPL Financial Holdings Inc Last issued its quarterly earnings results on Feb 9, 2017. The company reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.39. The company had revenue of $1007.46 million for the quarter, compared to analysts expectations of $983.97 million. The companys revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

LPL Financial Holdings Inc. (NASDAQ:LPLA) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 3.19 by 7 Brokerage Firm. 6 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

LPL Financial Holdings Inc. (NASDAQ:LPLA): The stock price is expected to reach $ 35 in the short term. The number of analysts agreeing with this consensus is 5. The higher estimate for the short term price target is at $42 while the lower estimate is at $27. The standard deviation of the price stands at $5.61.

LPL Financial Holdings Inc. (NASDAQ:LPLA) witnessed a decline in the market cap on Tuesday as its shares dropped 0.27% or 0.11 points. After the session commenced at $40.53, the stock reached the higher end at $40.93 while it hit a low of $40.06. With the volume soaring to 1,462,834 shares, the last trade was called at $40.69. The company has a 52-week high of $42.86. The company has a market cap of $3,633 million and there are 89,296,584 shares in outstanding. The 52-week low of the share price is $16.5.

LPL Financial Holdings Inc. is engaged in providing an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, general securities, alternative investments, retirement plans, fixed income, and insurance offerings. LPL Financial Holdings Inc., formerly known as LPL Investment Holdings Inc., is based in Boston, Massachusetts.

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