LPL Financial Holdings Inc (NASDAQ:LPLA) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded LPL Financial Holdings Inc (NASDAQ:LPLA) to Hold in a statement released on 11/30/2016.
On Tuesday February 16, 2016, KBW released a statement for LPL Financial Holdings Inc (NASDAQ:LPLA) bumped down the target price from $43.00 to $23.00 that suggested an upside of 0.21%.
Boasting a price of $39.87, LPL Financial Holdings Inc (NASDAQ:LPLA) traded -0.72% lower on the day. With the last stock price close up 39.82% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. LPL Financial Holdings Inc has recorded a 50-day average of $34.27 and a two hundred day average of $28.51. Trade Volume was down over the average, with 0 shares of LPLA changing hands under the typical 851,258
Recent Performance Chart
LPL Financial Holdings Inc has 52 week low of $15.38 and a 52 week high of $48.00 with a PE ratio of 20.62 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its target price, a total of 8 firms have released a ratings update on LPLA. The one year target is $27.19 with 0 brokers rating the stock a strong buy, 2 firms rating the stock a buy, 7 firms rating the stock a hold, two brokerages rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About LPL Financial Holdings Inc (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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