Recent changes in holdings of LPL Financial by various hedge funds and institutional investors include:
- Ashton Thomas Private Wealth LLC invested $25,000 in Q2.
- Key Financial Inc invested $28,000 in Q2.
- Riverview Trust Co invested about $30,000 in Q1.
- Crewe Advisors LLC increased their stake by 360.7% in Q2, now owning 129 shares worth $36,000.
- Tortoise Investment Management LLC raised their stake by 74.7% in Q2, now owning 131 shares worth $37,000.
Overall, 95.66% of LPL Financial’s stock is held by these institutional investors.
Analysts’ Price Targets
Recent analyst reports on LPL Financial’s stock include:
- Keefe, Bruyette & Woods lowered their price target from $326.00 to $315.00 with an “outperform” rating.
- StockNews.com downgraded the stock from “hold” to “sell.”
- Jefferies Financial Group reduced their target from $309.00 to $282.00, maintaining a “buy” rating.
- TD Cowen increased their target from $243.00 to $255.00, keeping a “hold” rating.
- JMP Securities raised their target from $305.00 to $310.00, rating it as “market outperform.”
Currently, LPL Financial has a consensus rating of “Hold” and an average price target of $274.38, according to MarketBeat.com.
LPL Financial Price Overview
The stock opened at $238.71. Key metrics include:
- Market Cap: $17.83 billion
- P/E Ratio: 18.03
- Beta: 0.88
- 52-Week Range: $187.19 – $289.88
Recently, LPL Financial reported earnings of $3.88 per share, exceeding estimates of $3.66, and revenue of $2.93 billion, surpassing expectations of $2.89 billion.
Dividend Announcement
LPL Financial declared a quarterly dividend of $0.30 per share, paid on August 23rd, with a yield of 0.50% and a payout ratio of 9.06%.
About LPL Financial
LPL Financial Holdings Inc. provides brokerage and investment advisory services to independent financial advisors in the U.S., offering various investment products, including mutual funds, annuities, and insurance.
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