Credit Suisse Group Increases LPL Financial (NASDAQ:LPLA) Price Target to $285.00

LPL Financial (NASDAQ:LPLAGet Rating) had its price target increased by equities researchers at Credit Suisse Group from $276.00 to $285.00 in a research note issued on Thursday, The Fly reports. Credit Suisse Group’s price objective suggests a potential upside of 30.60% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Morgan Stanley increased their price target on LPL Financial from $259.00 to $281.00 and gave the stock an “overweight” rating in a research report on Monday, October 31st. Citigroup began coverage on LPL Financial in a research note on Tuesday, October 11th. They set a “buy” rating and a $290.00 price objective for the company. StockNews.com began coverage on LPL Financial in a research note on Wednesday, October 12th. They set a “hold” rating for the company. JMP Securities upped their price objective on LPL Financial from $245.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 11th. Finally, UBS Group upped their price objective on LPL Financial from $212.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, LPL Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.86.

LPL Financial Price Performance

LPLA opened at $218.22 on Thursday. LPL Financial has a 12-month low of $140.65 and a 12-month high of $271.56. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.36. The business’s fifty day simple moving average is $238.52 and its 200-day simple moving average is $212.24. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 0.37 and a beta of 0.94.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, CFO Matthew J. Audette sold 20,000 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $257.09, for a total value of $5,141,800.00. Following the completion of the sale, the chief financial officer now directly owns 12,667 shares in the company, valued at $3,256,559.03. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LPL Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Financial Group LLC purchased a new position in shares of LPL Financial in the first quarter worth about $31,000. Fifth Third Bancorp raised its stake in shares of LPL Financial by 162.5% in the second quarter. Fifth Third Bancorp now owns 168 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 104 shares during the last quarter. Money Concepts Capital Corp raised its stake in shares of LPL Financial by 250.0% in the second quarter. Money Concepts Capital Corp now owns 182 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 130 shares during the last quarter. Better Money Decisions LLC purchased a new position in shares of LPL Financial in the second quarter worth about $33,000. Finally, Northern Oak Wealth Management Inc. purchased a new position in shares of LPL Financial in the second quarter worth about $34,000.

LPL Financial Company Profile

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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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes.

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