Brokerage Firm Rating Update on LPL Financial Holdings (LPLA)

LPL Financial Holdings (LPLA) : Zacks Investment Research ranks LPL Financial Holdings (LPLA) as 3, which is a Hold recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 3.29, which indicates as a Hold.

LPL Financial Holdings (LPLA) : Average target price received by LPL Financial Holdings (LPLA) is $32.2 with an expected standard deviation of $7.12. The most aggressive target on the stock is $43, whereas the most downbeat target is $27. 5 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Credit Suisse downgrades its ratings on LPL Financial Holdings (NASDAQ:LPLA). In the latest research report, Credit Suisse maintains the target price to $28 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 22, 2016.

LPL Financial Holdings (NASDAQ:LPLA): The stock opened at $29.23 and touched an intraday high of $29.98 on Wednesday. During the day, the stock corrected to an intraday low of $29.14, however, the bulls stepped in and pushed the price higher to close in the green at $29.89 with a gain of 1.77% for the day. The total traded volume for the day was 545,273. The stock had closed at $29.37 in the previous trading session.

LPL Financial Holdings Inc. is an independent broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at around 700 financial institutions, enabling them to provide their retail investors with objective financial advice. It also supports approximately 4,400 financial advisors who are affiliated and licensed with insurance companies through customized clearing services, advisory platforms, and technology solutions. It provides its advisors with the front-office, middle-office, and back-office support. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. Its subsidiaries include LPL Financial LLC, The Private Trust Company, N.A., Independent Advisers Group Corporation and LPL Insurance Associates, Inc.

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