KBW Reiterates a Buy Rating on LPL Financial

By Jason Carr

In a report released yesterday, Ann Dai from KBW reiterated a Buy rating on LPL Financial (NASDAQ: LPLA), with a price target of $48. The company’s shares closed yesterday at $39.56.

According to TipRanks.com, Dai is a 3-star analyst with an average return of 7.9% and a 66.7% success rate. Dai covers the Financial sector, focusing on stocks such as Raymond James Financial, Evercore Partners Inc, and Brookfield Asset Mng.

LPL Financial has an analyst consensus of Strong Buy, with a price target consensus of $49.

The company has a one year high of $43.79 and a one year low of $20.51. Currently, LPL Financial has an average volume of 638.5K.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. Earlier this month, William P. Morrissey, the MD, Divisional Pres. of IAS of LPLA sold 32,150 shares for a total of $1,264,781.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

LPL Financial Holdings, Inc. engages in the provision of technology, brokerage and investment advisory services. It provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions. It operates it business through its subsidiaries under the following business segments: Independent Advisor Services and Institution Services. The Independent Advisor Services segment provides business consulting, business development, and marketing support as well as in-depth practice management programs and training. The Institution Services segment supports advisors and program managers at community and regional banks and credit unions. It also offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research The company was founded in 1989 and is headquartered in Boston, MA.