Recently, several hedge funds and institutional investors adjusted their stakes in LPL Financial. Ashton Thomas Private Wealth LLC invested $25,000, while Key Financial Inc. invested approximately $28,000. Riverview Trust Co’s stake was about $30,000, and Crewe Advisors LLC’s position increased by 360.7%, now totaling $36,000. Tortoise Investment Management LLC raised its stake by 74.7% to $37,000. Overall, 95.66% of LPL Financial’s stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Wells Fargo & Company began covering LPL Financial with an “equal weight” rating and a $235 target price. Barclays lowered their price target from $313 to $273 but still rates it “overweight.” StockNews.com downgraded it from “hold” to “sell.” Citigroup cut their target from $325 to $285 and rated it “buy.” JPMorgan Chase raised their target from $261 to $268, giving it a “neutral” rating. The consensus rating is “Hold” with a target price of $275.69.
View Our Latest Stock Analysis on LPL Financial
LPL Financial Stock Up 2.1%
NASDAQ:LPLA opened at $235.84, with a one-year range of $187.19 to $289.88. The company has a market cap of $17.62 billion and a PE ratio of 17.81. Recently, LPL Financial reported $3.88 EPS for the last quarter, exceeding analysts’ estimates. Revenue was $2.93 billion, up 18.8% from the previous year.
LPL Financial Dividend Announcement
LPL Financial declared a quarterly dividend of $0.30, paid on August 23rd. This totals $1.20 annually with a yield of 0.51%.
LPL Financial Profile
LPL Financial Holdings Inc. offers brokerage and investment advisory services to financial advisors in the U.S., including various investment products and insurance.
Further Reading
- Five stocks we like better than LPL Financial
- Stock Sentiment Analysis: How it Works
- When Is the Best Time to Invest in Mutual Funds?
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Is NVIDIA Stock in a Correction or Consolidation?
- 3 Oversold Stocks with Big RSI Rebound Potential
Want to see what other hedge funds are holding LPLA? Visit HoldingsChannel.com for the latest 13F filings and insider trades for LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report).
Receive News & Ratings for LPL Financial Daily – Enter your email below for a daily summary of the latest news and ratings for LPL Financial and related companies with MarketBeat.com’s FREE daily email newsletter.
`
