LPL Financial (NASDAQ:LPLA) Given New $414.00 Price Target at Barclays

LPL Financial (NASDAQ:LPLA) had its target price increased by Barclays from $389.00 to $414.00 in a report released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

LPLA has been the topic of a number of other reports. The Goldman Sachs Group lifted their price objective on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upgraded shares of LPL Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $288.00 to $397.00 in a report on Tuesday, January 7th. TD Cowen upgraded shares of LPL Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $277.00 to $413.00 in a research note on Thursday, December 19th. StockNews.com upgraded LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, Jefferies Financial Group decreased their price target on LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, LPL Financial has a consensus rating of “Moderate Buy” and an average price target of $370.50.

LPL Financial Price Performance

Shares of LPLA opened at $366.89 on Friday. The business’s fifty day moving average is $335.66 and its 200 day moving average is $273.82. LPL Financial has a 12-month low of $187.19 and a 12-month high of $375.74. 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 $27.47 billion, a P/E ratio of 27.59, a P/E/G ratio of 1.11 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, topping the consensus estimate of $4.01 by $0.24. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. Sell-side analysts anticipate that LPL Financial will post 16.17 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 0.33%. LPL Financial’s dividend payout ratio (DPR) is 9.02%.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total transaction of $101,241.70. Following the transaction, the director now directly owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Trading of LPL Financial

A number of institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in LPL Financial in the third quarter worth $31,000. Paladin Wealth LLC purchased a new position in LPL Financial in the third quarter worth about $34,000. Brooklyn Investment Group bought a new position in LPL Financial in the 3rd quarter valued at approximately $43,000. Compass Financial Services Inc purchased a new stake in LPL Financial during the 4th quarter valued at $65,000. Finally, R Squared Ltd bought a new stake in shares of LPL Financial in the 4th quarter worth $78,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

About LPL Financial

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.