JPMorgan downgraded LPL Financial (NASDAQ:LPLA) from Overweight to Neutral in a report released today.
- Updated: October 12, 2016
Yesterday LPL Financial (NASDAQ:LPLA) traded -2.91% lower at $33.01. The company’s 50-day moving average is $29.74 and its 200-day moving average is $26.27. The last closing price is up 21.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 246,463 shares of the stock were exchanged, down from an average trading volume of 617,757
JPMorgan has downgraded LPL Financial (NASDAQ:LPLA) from Overweight to Neutral in a report released on 10/12/2016.
Previously on 09/26/2016, Morgan Stanley reported on LPL Financial (NASDAQ:LPLA) raised the target price from $0.00 to $27.00. At the time, this indicated a possible downside of -0.10%.
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LPL Financial has a 52 week low of $15.38 and a 52 week high of $48.00 with a P/E ratio of 17.87 The company’s market cap is currently $0.
In addition to JPMorgan reporting its target price, a total of 8 brokers have issued a report on the stock. The consensus target price is $27.19 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 7 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About LPL Financial (NASDAQ:LPLA)
LPL Financial Holdings Inc. is a 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 (its advisors), including financial advisors at approximately 700 financial institutions across the country. Through its advisors, the Company is a distributor of financial products and services in the United States. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. The Company's platform provides access to approximately 790 product providers that offer the various product lines, such as insurance-based products, alternative investments, structured products, mutual funds, separately managed accounts, exchange traded products, unit investment trusts, retirement plan products and annuities.
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