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LPL Financial Holdings Inc (NASDAQ:LPLA) target price raised to $28.00, reported today by Credit Suisse Group AG

Showing a price of $28.34, LPL Financial Holdings Inc (NASDAQ:LPLA) traded 0.30% lower on the day. The last stock price close is up 18.31% relative to the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same period. LPL Financial Holdings Inc has registered a 50-day moving average of $27.81 and two hundred day average of $25.20. Trading volume was was down over the average, with 557,308 shares of LPLA changing hands under the typical 706,238 shares.

LPL Financial Holdings Inc (NASDAQ:LPLA) had its target price raised to $28 by Credit Suisse Group AG in an issued report announced Monday August 22 2016. The increased target price indicates a possible downside of -0.01% from the company’s previous closing price.

On 6/2/2016, Suntrust Robinson reported about LPL Financial Holdings Inc(NASDAQ:LPLA) raised the target price from $27.00 to $30.00. At the time, this indicated a possible upside of 0.07%.

Performance Graphic:

LPL Financial Holdings Inc (NASDAQ:LPLA)

A total of 8 equity analysts have reported on the company. Zero rate the company a strong buy, two firms rate the stock a buy, seven firms rate the company a hold, two brokerages rate the company to underperform, and finally 0 brokeragesrate the stock as sell with a consensus target price of $27.19

LPL Financial Holdings Inc has a P/E of 17 with a 52 week low of $15.38 and a one-year high of $48.00 and has a market capitalization of $0.0.

General Company Details For 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, and retirement plan products and annuities.

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